True Value Company’s Post

💫 𝗙𝗿𝗼𝗺 𝗧𝗼𝗿𝗻𝗮𝗱𝗼 𝘁𝗼 𝗧𝗿𝗶𝘂𝗺𝗽𝗵 💫 You’ve likely heard of the electronics retailer named “𝘉𝘦𝘴𝘵 𝘉𝘶𝘺”. Here’s a surprising fact… It wasn’t always called that. On June 14, 1981, a tornado tore through the Minneapolis suburbs – churning and flattening for over 25 minutes. The stereo store (at that time, called “The Sound of Music”) took a direct hit. Its roof was sheared off and the showroom was destroyed. Speakers, turntables and VCRs were strewn all over the parking lot. But, somehow, the storeroom survived. Although they were shocked to their core, the employees all kicked in, cleaned up, and salvaged quite a few items to be sold as-is, at huge discounts. The store owner, Richard Schulze, decided to hold a big sale just six days after the tornado. He set up a trailer in the original store parking lot where the devastation had happened. He also offered other great deals on open-box items, demo models, discontinued products, and overstock - that could all be marked down. This store – The Sound of Music – marketed their sale as the place to get the “best buy”. The sale was a roaring success. (No pun intended!) Customers wandered, could pick up and touch the items, they liked the no pressure sales, and…the event was so successful, they brought out more merchandise from the stockroom and had a 2nd “Tornado Sale”. 𝙏𝙝𝙚 𝙧𝙚𝙨𝙪𝙡𝙩: 𝙎𝙤𝙪𝙣𝙙 𝙤𝙛 𝙈𝙪𝙨𝙞𝙘 𝙢𝙖𝙙𝙚 𝙢𝙤𝙧𝙚 𝙢𝙤𝙣𝙚𝙮 𝙞𝙣 𝙛𝙤𝙪𝙧 𝙙𝙖𝙮𝙨 𝙩𝙝𝙖𝙣 𝙞𝙩 𝙪𝙨𝙪𝙖𝙡𝙡𝙮 𝙢𝙖𝙙𝙚 𝙞𝙣 𝙖 𝙢𝙤𝙣𝙩𝙝. And with that, The Sound of Music made a pivot, changing the way it did business. 🔹 Customers could now touch the items in the showroom, instead of items stored in the stockroom. 🔹 They loved the no-pressure environment, due to no more commissioned sales people. 🔹 And, the company changed its name, to: 𝗕𝗘𝗦𝗧 𝗕𝗨𝗬. Over 40 years have passed since that tornado. Founder Richard Schulze said it was the worst and best thing that ever happened to them. 𝘏𝘢𝘷𝘦 𝘺𝘰𝘶 𝘦𝘷𝘦𝘳 𝘧𝘢𝘤𝘦𝘥 𝘢 𝘴𝘪𝘨𝘯𝘪𝘧𝘪𝘤𝘢𝘯𝘵 𝘤𝘩𝘢𝘭𝘭𝘦𝘯𝘨𝘦 𝘵𝘩𝘢𝘵 𝘭𝘦𝘥 𝘵𝘰 𝘢 𝘱𝘰𝘴𝘪𝘵𝘪𝘷𝘦 𝘤𝘩𝘢𝘯𝘨𝘦 𝘪𝘯 𝘺𝘰𝘶𝘳 𝘭𝘪𝘧𝘦 𝘰𝘳 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴? 𝘏𝘰𝘸 𝘥𝘪𝘥 𝘺𝘰𝘶 𝘢𝘥𝘢𝘱𝘵? 𝘞𝘩𝘢𝘵 𝘥𝘪𝘥 𝘺𝘰𝘶 𝘭𝘦𝘢𝘳𝘯? #BusinessTransformation #Innovation #LeadershipLessons #AdversityToOpportunity #Marketing

Friendly Competition: Big Fish, Small Pond? Just had a fascinating chat with the store manager from "The Yellow and Black brand" here in Norwood. Two weeks in, and Norwood Hardware is already making some noise in the neighborhood – apparently, enough noise to warrant a visit from the industry giant! Let me tell you, it's incredibly humbling, and honestly, a huge compliment, to have a conversation about industry trends with such a well-established brand. While competition is healthy, it's sometimes easy to feel like the little guy with big dreams. But this interaction was a great reminder that innovation and a focus on customer experience can resonate no matter your size. Here at Norwood Hardware, we're committed to providing a unique shopping experience, one that caters to the specific needs of our community. We may not have the scale of the big box stores, but we offer personalized service, deep product knowledge, and a commitment to building relationships. This industry is all about fostering a spirit of helpfulness and getting the job done right. It's great to see that shared value extends across all players, big and small. Here's to friendly competition and a thriving hardware scene in Norwood. #NewBusiness #HardwareStore #Community #IndustryTrends #CompetitionIsHealthy

🌟 Celebrating a Milestone with Scherpenberg! 🌟 Four years ago, Scherpenberg chose Woby as their partner to enhance their guest experience. It’s been a rewarding journey seeing their growth and how our collaboration has brought about significant changes. Last year, we introduced Scherpenberg to our upselling feature, a step we believed would unlock new potentials. And the results speak for themselves - an impressive increase in revenue! But there’s more to this success story. One delightful outcome has been the seamless integration of customer choices; guests no longer miss out on pairing their favorite apple pie with a delicious cup of coffee, especially when they order on their own smartphone. This success story is a testament to the power of innovative solutions and strong partnerships. Scherpenberg's achievement is not just in numbers but in the enhanced experience for their guests. It’s about creating moments that matter, one apple pie and coffee at a time, facilitated by the convenience of self-ordering technology. We’re proud to be part of Scherpenberg’s journey and excited for what the future holds! #CustomerSuccess #Innovation #Woby #GrowthStory #Hospitality #SelfOrdering #Upselling

Y’all. Meet Stewart. He’s a Flooring DS at Store 1042. I got to meet him and his Flooring Specialist Vlad this past week and this is one of those moments when they say “a picture is worth 1000 words.”✨ What’s not pictured is me sharing all the tools and resources available to Stewart and the team to ensure selling LPP is a seamless process for them and a sound purchase for our customers. 🧚🏾 What’s also not pictured is how excited Stewart was to run and grab paper and pen to take some notes and watch me demo lowesprotect.com. 🤓✍🏻 So, if you made it this far, you’re probably wondering what IS actually pictured here…and of course I’ll tell you! What you see here is why I wake up every morning loving what I do. What you see is an instant return on investment. What you see is someone who has had their LPP fire ignited. What you see is someone paying knowledge forward after they’ve received it. What you see is wheels turning. What you see is a leader. Immediately after I shared all the information about LPP with Stewart, he called Vlad over to share what he learned and as he put it, “how easy it is to sell LPP” in knowing this information. And he’s not done yet! He’s excited to bring it up during huddles and the next Specialty Spotlight to ensure the entire team knows. It’s the confidence for me! I can’t wait to see what this team does and I can’t thank Stewart enough for being a listener and an advocate for LPP! 👏🏼🌟 Onward and upward! 📈 #lowes #loweslife #lpp #region5 #success #successmindset #service #support #teach #learn #grow #share #coach #develop #train #partnership #team #determination #dedication #push #movetheneedle #onwardandupward Chad Alberda Jesse Krug Andrew Bradt Jennifer Clark Jeff Morgan Brian Deal Tyler Ramsey Danny Gates Brian Murray Priscilla C. Jessica Chalk

1. Did you know that Smokey Robinson & The Miracles' hit single "Shop Around" was Motown Record's first million-selling song back in 1960? 🎶 ⠀⠀⠀⠀⠀⠀⠀⠀⠀ 2. While the song tells a tale of a mother advising her son to 'shop around' for the perfect wife, it can metaphorically apply to the Retail Display Manufacturing Industry too! 🛍️ ⠀⠀⠀⠀⠀⠀⠀⠀⠀ 3. Just like the song's advice, it's always wise to 'shop around' for the best retail display manufacturer that suits your business needs. 🏭 ⠀⠀⠀⠀⠀⠀⠀⠀⠀ 4. So, let's take a page from this classic tune and remember to explore our options before making a decision, whether it's in love or business. 💼💖 ⠀⠀⠀⠀⠀⠀⠀⠀⠀ #SmokeyRobinson #TheMiracles #ShopAround #MotownRecords #RetailDisplayManufacturing #BusinessAdvice #LoveAndBusiness

The return of retro retail has been on the rise as consumers continue to seek out nostalgic comforts. Vinyl record sales are up, streaming of vintage content is increasing, and old technology, like landline phones (yes landline!) are new again.   Will HMV be another nostalgia-driven success story? Or have they missed the mark? Every smart strategy starts with “Who to Win With”, and we have questions. Are Toys R Us customers the right target to win with? Will HMV customers work their way through Toys R Us to shop there? Our hypothesis is no on both fronts. We’ll be keeping a curious eye on this one. What do you think? #retroretail #retailmarketing #retailexperience https://lnkd.in/gJTTJWsa

Are you struggling with a store layout that doesn't encourage sales? A store where the layout is intuitive and easy for your customers to navigate, and every aspect from lighting to color scheme guides the customer towards purchasing. At JayComp, we make this vision a reality. 1 through 5, we do it. We are your one-stop shop. With JayComp, you're not just revamping your store but transforming it into a high-performing retail space.

Big News from ZSI-Foster! ZSI-Foster has split into two specialized brands, ZSI Inc and Foster Manufacturing, enhancing your experience with tailored websites. Learn more below!

One of the recommendations I got on my last post was to look for possibilities to open a physical shop in a strategic growth market. I am always eager to learn and understand why and how. Who in my network has done a business case for opening a physical shop in Germany, France or perhaps even the US?

Check out the latest #LookLocalFirst drop below 👇