#StoreClosures #HouseofFrazer

Store Closures

So I’m Hearing lately about various store closures House of Frazer, Mothercare are just two of many.

House of Frazer are to close several stores as part of a reconstruction deal that will give control of the retail chain to the Chinese owner of Hamleys.

This could potentially put hundreds of jobs at risk, then of course there is Mothercare both these retailers as well as others have been around for so many years, it saddens me to know that they may in the future no longer exist.

The deal with House of Frazer in closing a number of it’s 59 stores in renegotiating rents with landlords through a company arrangement (CVA) insolvency process which is expected to be launched this month.

House of Frazer is a 169 year old department store a brand name that many have come to love and respect, it was established in Glasgow as Arthur & Frazer back in 1849. ‘So what’s going on?

The sad reality is, landlords are charging an astronomical amount of money for their stores resulting in price hikes for many them.

Sadly in this the 21st Century stores are dropping like flies because their biggest competitor is online shopping, so not many people aren’t walking through the shop door anymore.

Here’s the thing though, while I’m all for online shopping and life made more easy, it’s not so great for and especially the older generation, who incidentally do not or may not have access or be able to use the internet. ‘So what now?

We no longer have Butcher shops etc except in some villages, remote one’s at that, I remember as many will back in the 70’s 80’s and beyond ‘What Every Woman Wants’

I think if my memory serves me correct the last of those stores became defunct around 2003.

It was so easy and a pleasure to walk to our nearest high street to that brand named store or to our local village butcher shop, ‘sad times now though.

My thoughts have been swayed back and forth while I reminisce about the past and our now current situation when it comes to stores, internet and various other changes that has happened in the last forty years or so.

While it’s good to go forward and technology being the way to go, it’s not so good that so many old-fashioned ways of everyday life has changed so fast and not always for the better.

Everything, and I mean everything has changed so much that we are going back instead of forward when it comes to finances, health and general everyday life.

Belinda

 

 

 

 

 

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#Business Matters

When Your Vision Becomes Your Mission

Financial – To have a solid plan for moving in the direction of long-term success.

Running a business should never be for financial gain alone, after all it’s an idea that popped into your head first, right? So the next step is to do your homework.

First and foremost you need to check out what other products/services are out there (The competition) Is there room for you too? So many business start up’s fail within the first year or two because they have gone into it with their eyes half-shut.

Customer – Achieve & maintain customer client base.

It’s perfectly normal to sell your product/service with a vision of long-term success, but you need to know and understand your customers/clients and their needs and wants, after all it’s those very people who are parting with their hard-earned cash.

There needs to be an element of trust between you the business and your customer/client.

Learning & Innovation – Drive company innovation & growth.

New idea’s and practices are the way forward, always think outside the box, be one step ahead and prepare for unexpected pitfalls.

Yes, it happens to the best of businesses, a business must run smoothly, like a conveyor  belt if you like. If there is going to be a breakdown don’t wait for the problem to be fixed, have plan B ready for action whilst it’s being fixed.

Internal Business – Focus on strengths & weaknesses.

Some businesses especially small businesses fail through lack of training and development, your employees are the core of your business and should be treated as so. If they are unhappy through lack of knowledge or unfairly treated then there will most definitely be problems ahead.

Focus on their strengths and weaknesses, hold a meeting at least once every three months, ask them their views and if they have idea’s they would like to put forward. You may be pleasantly surprised by what they come up with and if they are dedicated to their job ‘Which they should be, if you show your commitment to them’ Then your business will run very smoothly.

Belinda

Selling In Business

 

Selling In Business

 

Selling is about human interactions and behaviours, so meeting with your clients is as important as running your business.

Having the right attitude, and your success will depend on your willingness to develop personal motivation and the desire to keep the client happy,  therefore ensuring they will continue to have a respectable relationship with your company.

 

Quote:

“The wheel that squeaks the loudest is the one that gets the grease”

                                                            Josh Billings, American Humorist. 

Belinda

Business 1st

Values

 

I’m a big believer in dominating values in business relationships.  If you treat people well, they will treat you the same.

Your Integrity means you’re relating to people in a way that is Authentic, True & Honest Directness which goes a long way,  Don’t beat about the bush get to the point but also give respect to the client/colleague moreover don’t push them to the point they talk bad about you to prospective clients/colleagues.

Be honest “All of the time”  Your clients/colleagues will respect you and trust you when you show that your honest,  being dishonest and found out not only loses you your client/colleague but discredits your name and MUD sticks.

Be passionate about what you do,  if you’re not showing that you believe in your product/service then how are you meant to create a client base who believe in you.  Or a workforce who are happy in what they do for you.

Iv always believed it is the people who are at the heart of a great company, without their continued support where would that company be?  I also believe that regular meetings and training are worth their weight in gold.

Hold meeting so that staff can air their views and you’ll be surprised at the ideas that some may come up with that will help your business.  I don’t think that people are given enough credit for the things they do or the ideas they have.

Make way for continued training sessions they help grow your business and where possible send colleagues on training courses remember everyone starts at the bottom of the ladder but most don’t want to stay there,  they want to work their way up which is very beneficial to your business.

 

Belinda 

What A Job

lovellabridal.com

Photo Credit: lovellabridal.com

 

From a very young age I always remember thinking  “What would I like to do when I grow up” One of the things I always thought I would do and I still would love to do is own a Fashion or Bridal Boutique I always imagined it would be somewhere in Italy or Greece.

The name I had chosen for my Boutique was  “I Do”  Short and simple,  but the name says it all.  Nowadays I imagine there would be an extension to my Boutique because I would do all the flowers too,  I love dressing things up so being able to do all the flowers in the Church and the setting for the Reception would be my ideal job.

There is no greater feeling than knowing you can make someone feel very special & happy.

Belinda