by Christina Lee on September 9th, 2009
With today’s economic instability, retail industries have managed to stay afloat by recovering best-selling products of their past and catering them to present customers. Such a strategy is all part of a retail mantra becoming more prevalent in modern marketplaces: stick with what works, the tried and true. Take note from a few industries who are adapting this for themselves:
Video Games
Though experts deemed the video game industry recession-proof in 2008, it finally began to show some weakness in 2009, as profits fell 14 percent in July from the same month last year. In efforts to counter this fall,... Read more »
by Larry Slusser on December 4th, 2007
You have your business concept, the product you are selling, suppliers are lined up and you know how you are heading to market. All you have to do now is sell right? While this is the approach of many small and large companies this vision can be a bit short sighted and lead to difficult times down the road. To be competitive and ensure your company is well positioned in the market, you have to know what products your customers want and how that demand changes.
Without ongoing market research and product sourcing, your business will begin to decline. No... Read more »
by Rebecca Button on December 4th, 2007
It is important not only during the busy holiday season, but throughout the year as well to be competitive and ensure your company is well positioned in the market. In order to accomplish this, you have to know what products your customers want and how that demand changes. No matter how hot a product is at a given time, it still has a limited life span. The following article has some great advice on how to stay on top of the trends.
Product Life Cycles: How to Keep Picking the Winners
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