Retailers Forum Sept. 2014 Sept 2014 | Page 60

FORUM WORKSHOP Forum Workshop 6 6 • S E P T E M B E R 2 0 1 4 THE MORAL OF THE STORY Go slow if you decide to expand. More isnʼt better unless more meets the same criteria as the first: there is market demand and you make money. Clair and Twila Hale owned two Hallmark shops in one mall and a third in the mall across the street. The demand for greeting cards and seasonal gifts is strong; their ability to carry an inventory of popular and constantly changing gifts has enabled them to keep up with market demand, and, essentially, become their own competition. In response to a recent mall renovation, the Hales moved one of their two shop s into a third shopping center five miles away. Carriage Horse Liveryʼs president, Wayne Scott, started his business with two horses and two reproduction carriages. The company grew to 10 carriages, 18 to 20 horses, 2 hay wagons, a sleigh, and a horse-drawn trolley. Wayne said ten carriages is all that the city can support. However, another company competes with his. Still, he realizes that for the hours and demand he anticipated in a city the size of Salt Lake, he has enough. His “enough” was based on being the only such business in the city; competition may change the statistics. Competition also prompted him to start advertising, which may increase demand in his favor. continued.. Premium Newer Release DVD’s - Wholesale Pre-boxed premium bundles supplied to video stores, rentals, eBayers, retail variety stores and more. Lowest Bulk Pricing • 100’s of Titles Premium pre-packs of 5 to 100 dvd’s • As low as $6.25 ea F O R U M Budget packs as low as $3 ea www.BundleDVD.com