Last
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Retail Roundtable
by Erinn Morgan
This new Eyecare Business column provides a forum for eyecare professionals across the country to respond to questions impacting the eyecare industry.
In this inaugural column, we pose the question:
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J. Paul Jackson, OD, |
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Gretchen
Oldt, |
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Larry S.
Tavel, MD, |
What do you see as your biggest challenge for 2005, and how are you addressing it?
Issues that face a lot of eyecare professionals--like managed care and superstore competition--don't affect us because of our location and our high-end niche.
We will continue to get more high-end lines in and grow that niche. Our goal is to be fair. We may be more expensive, but you get what you pay for. We treat our patients like our own family.
-- J. Paul Jackson, OD, Animas Eyecare, Durango, Colo.
In retail frame buying and merchandising, our biggest challenge is to anticipate patients' desires relative to the overall trends in the economy.
This balance means having an assortment that will fit each individual desire in concert with current pricing dynamics.
Eyewear, as a fashion accessory, enables each person to express himself.
With a tailored lifestyle merchandising campaign, promoting our exclusive branded product line, innovative styles, and lens technology, we continue to evolve.
-- Gretchen Oldt, director of merchandising, Empire Vision Centers, 60 locations in New York, Massachusetts, and Pennsylvania
The biggest challenge facing the eyecare industry in the coming year, and for the foreseeable future, is attracting retail patients. With managed (third-party) eyecare serving nearly 75 percent of patients, differentiating your practice and attracting patients with disposable income and some remaining degree of autonomy is the challenge of the future.
This year, smart practitioners will not only have to provide outrageous customer service, superior product knowledge, and a unique product mix to their patients, they will have to get that message out through more effective advertising campaigns.
-- Larry S. Tavel, MD, president, Dr. Tavel Optical Group, Indianapolis, Ind., 21 locations in Indianapolis
retailers react 2005 |
What are the challenges facing retailers in other industries for this year-in-progress? "Many will still be concerned about the economy, jobs, and other uncertainties that will affect consumer spending," says Ellen Tolley, spokeswoman for the National Retail Federation (NRF), a retail trade association with membership from retail formats and distribution channels. "Retailers are concerned about jobs, in that people without jobs don't spend money. Job loss and creation can definitely affect retail." In addition, Tolley notes that increased oil prices will raise costs for retailers due to increases for shipping and distribution as well as heating. These concerns about the retail environment have led the NRF to predict retail growth conservatively for 2005 at about three percent. For more information, visit the group's Website, www.nrf.com. |