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Boosting Sales Strategy for Luxury Furniture Store

Develop customer and sales associate incentive plans to drive sales, incorporating discounts and promotions for customers. Provide sales associates with rewards for meeting sales goals, emphasizing training and follow-up communication to enhance customer satisfaction. Organize a special sales event to generate excitement and increase store traffic. Present the comprehensive plan including sales strategies and methods to maintain a loyal customer base in a 10-minute meeting with the company owner. The plan will focus on marketing decision-making, various promotion types, selling processes, customer service roles, and effective follow-up strategies.

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Boosting Sales Strategy for Luxury Furniture Store

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  1. CHAPTER 12Retail Merchandising Individual Series Event • Scenario • The owner of Luxury Furniture wants to increase sales. • He has asked you to describe customer and sales associate incentive plans to increase sales. • The customer incentive plan must include special discounts and sales promotions when customers’ annual furniture purchases reach different levels throughout the year. (continued on the next slide)

  2. CHAPTER 12Retail Merchandising Individual Series Event • Scenario • The incentive plan for sales associates must reward employees for reaching different sales goals throughout the year.

  3. CHAPTER 12Retail Merchandising Individual Series Event • Description • Your plan for increasing sales must include training and development for sales associates to improve customer satisfaction. • You must describe follow-up communication that sales associates will send to customers after their purchase of furniture. • You must also describe a special sales event that will create excitement and increase customer traffic in the store. (continued on the next slide)

  4. CHAPTER 12Retail Merchandising Individual Series Event • Description • You will meet with the owner of Luxury Furniture in his office to explain your plan for increasing the company’s furniture sales. • You are allowed 10 minutes to describe your plan for increasing sales and maintaining a loyal customer base. • During or after the presentation, the judge can ask questions.

  5. CHAPTER 12Retail Merchandising Individual Series Event • Performance Indicators Evaluated • Identify information monitored for marketing decision making. • Explain the types of promotion. • Explain the selling process. • Explain the role of customer service as a component of selling relationships. • Plan follow-up strategies for use in selling.

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