| The top trends for 2011 |
|
|
|
| Written by Alixe MacRae | |
|
The Baby Boomers - again. What's interesting about this is many employment experts believe the experience their employers are able to lose because of this shift will require them to hire at least three younger works for every two boomers who choose to either retire outright or cut back their working life. So how does this translate for retail? In a number of ways, all of which independent furniture, mattress and appliance store owners should be aware.
Higher food prices This may sound like god news for farmers; but only for farmers whose land isn't under water. Just remember that flooded farmlands aren't just a Third World occurrence, it happened on the Prairies just last year. This will inevitably reduce the consumer's disposable income - even here in Canada. Consider investing in a fish farm as well as in gold bars. Gender neutral That same year, 58% of Canadian students entering medicine were female. If you hire only men to pitch electronics you're in the era of Mad Men, not The Amazing Race - where a pair of women won the latest challenge. The gaming industry is already planning to target women and they know something about marketing. In the furniture and appliance industry, we often proclaim that ‘woman of the house' is our primary customer. We need to make that proclamation truthful. Bigger, not better This translates to well-designed clothing, mattresses that don't sag on impact, furniture that can support a wider and heavier body and seat belts that can comfortably protect a larger midriff. An American retailer I met recently said he sold a large number of sofas and recliners designed for larger customers. He wanted to create a sub-shop within his store for this market; but was worried about a suitable name for this shop. This is a real market trend that needs to be addressed, particularly by independent store owners because of their greater ability to give individual attention to consumers with ‘custom' requirements. Rent, not own Bixi is the bicycle equivalent. Again, low rates for short term rental (and both services have a lot of fine print). In fact, the first ½ hour is free. Friends of mine are touring the world through ‘house sitting' - they don't need to have a cottage or book a hotel. They have regular bookings in England and South Carolina. What's next? Renting a dining room table for the annual family feast? Don't be surprised. I know this is only a short list. But look forward; business is all about vision. A regular contributor to Home Goods Online, Alixe MacRae is one of this country's best known merchandisers, having held senior positions at a variety of well-known Canadian retailers including Stoney Creek Furniture, Sears Canada and The Bay. She recently started her own business Concierge Relocation (www.conciergerelocation.com). Her company specializes in move management, especially for those dramatically downsizing seniors and their overwhelmed children. |
| <Previous | Next> |
|---|




The dawn of the New Year isn't the time to look in the rearview mirror; it's the time to stare into the crystal ball and look for obvious signs of what be aware of for the next 12 months and beyond. While many pundits have been notoriously bad at predicting such earth-shattering events as how Donald Trump will change his hairstyle or when the writ will be dropped for our next federal election campaign, the trends that follow are based on measurable, findable facts.



