Merchandising Best Practices and Proven Strategies for Retail Success in the Attractions Industry IAAPA Webinar Disclaimer IAAPA makes no representations or warranties about the accuracy or suitability of any information in the webinars and related materials; all such content is provided on an “as is” basis. IAAPA HEREBY DISCLAIMS ALL WARRANTIES REGARDING THE CONTENTS OF THESE MATERIALS, INCLUDING WITHOUT LIMITATION ALL WARRANTIES OF TITLE, NON-INFRINGEMENT, MERCHANTABILITY, AND FITNESS FOR A PARTICULAR PURPOSE. IAAPA hereby disclaims all liability for any claims, losses, or damages in connection with use or application of these materials. IAAPA does not guarantee, warrant, or endorse the products or services of any firm, organization, or person. 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Merchandising Best Practices Adrea Gibbs Alriginal Productions Gary Popp Spooky Nook Sports Center Agenda Mission Statements Retail Operational Plan Financial Footprint Visual Merchandising Mission Statements Retail Operational Plan Financial Footprint Visual Merchandising How to create a Mission Statement – as this is YOUR BRAND A mission statement should be a concise paragraph describing what your company does and for whom Your mission is for you and your business. It does not have to be an earth moving statement. It can be whatever inspires you. Forget the money – a mission statement is about WHAT your Company is – focus your energy on your core competency What does a Mission Statement do? Why Brand? • • • • • Increased sales Increased market share Clear messaging Creates buying directives Product displays How to Brand First decide what is your target market? How should the target market perceive your product? What is the unique feature of your product? Why your product is different from the products of your competitors? What will be your point of focus to highlight the qualities of your product? Know Your Brand & Know Your Guests • Sports • FEC – Adventure park – Kid – Family – Adult • Family – Children – Tween – Multi generational • Multi Brands – – – – Park Zoo Sports complex Concert venue • • • • Amusement Park Casino Zoo Attractions – National Parks – Destinations – Cities Mission Statements Retail Operational Plan Financial Footprint Visual Merchandising Retail Operational Plan Store Name Purpose of Shop –souvenirs Merchandise Stories –themed shirts and hard lines. Hats – Animal Plush – Animal Shirts – Preservation Shirts– Year Program – Magnets and Pencils Revenue Projection - $GOAL Last Year $Actual Per Cap Projection - $GOAL Last Year $Actual Mission Statements Retail Operational Plan Financial Footprint Visual Merchandising Financial What are my financial expectations? Things to consider: How do I Buy? – Domestic – Import Product Demand – – – – Special Event Seasonal/Holiday Summer Warehousing Pricing Financial Safety – Product testing MOQ Inventory levels/turns Planning Calendar Top Selling Product Planning Calendar Monthly events Special Product Promotions Set up schedule Staffing needs/job fairs Event Daily Sheet Daily Managers Hours of Operation – Special times things close Special Events – Caterings – Registrations – Employee Parties Projected Attendance (coded format) Mission Statements Retail Operational Plan Financial Footprint Visual Merchandising Plan-o-grams Traffic Patterns Don’t clutter stores – Adjacencies – Brand statements People flow to the right Bright colors attract attention Make people move around the store Employees need to see guests How to Help Traffic Patterns Message – What are you trying to tell the guest in your store Store layout – Is it organized – Appealing to the eye – Makes you want to shop Overall feeling of the store Mission Statements Retail Operational Plan Financial Footprint Visual Merchandising Retail is Part of the Experience – Visual Merchandising Your displays add to the entire experience of your attraction You tell the story Your history Your rides YOU sell tangible memories – make them about your brand Visual Merchandising Enhance the customers experience Entice the customer to enter the store Knowledge of product offered Type of Display - One Item Display Mass appeal of a single item Type of Display - Line of Goods The simple style of a LINE OF GOODS display offers a variety of choices for the consumer Type of Display - Program Display You provide an entire story with this display and you create the NEED to have it ALL Signs Make them part of your BRAND – add your logo Keep them simple Keep them FRESH Sign holders Your signs show how much you CARE about your brand VISUAL ASPECTS TO CONSIDER Merchandise with color • Color blocking • Color by Spectrum Window displays Themed Exteriors Merchandising Best Practices and Proven Strategies for Retail Success in the Attractions Industry Mission Statements Retail Operational Plan Financial Footprint Visual Merchandising IAAPA Attractions Expo Education Sessions 2013 Please join us: Monday, November 18 SHOPPED! Games & Merchandising Roundtable 2:00 - 3:15 p.m. 5:00 – 6:15 p.m. Tuesday, November 19 Retail Analytics, Disney, and You 3:30 - 4:45 p.m. Wednesday, November 20 Enhancing Revenue Through Entertainment Brass Ring Awards 9:00 -10:15 a.m. 4:30 – 6:00 p.m. Throughout Expo, November 19-22 Retail & Merchandising Consulting (Appointments Only) Thank You Adrea Gibbs Artistic Director Alriginal Productions [email protected] Gary Popp Director of Retail Spooky Nook Sports Center [email protected]
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