Question

In: Economics

Discuss recommendations on how to grow a retail sports business in terms of sales and expansion...

Discuss recommendations on how to grow a retail sports business in terms of sales and expansion (opening more stores)?

Solutions

Expert Solution

Strategies to grow sports business

  • Open more stores in bit far locations from it currently is
  • Add some local favour into the shop by boosting the sports items that is more likely in that place
  • for example, if the place where your store is built, the ost people are intrested in football, then boost your shop with the football products and promo
  • this obviously improves your sales
  • Include the option of home delivery of items, if possible expand your store to online marketing
  • This increases the sales
  • A better offer on sports kits would likely to sell bulk products
  • Expand your store with promotions in online social medias
  • Get a sponesorship to a sports club will lift your popularity hence sales increases
  • Give a quality of service and attain the customer faith
  • Your behaviour to customer will improve the sales in a logocal manner
  • The expansion of shop should be in such a way that it should be opened in a populated are by which there is intrest in sports
  • More favourable if there is less competitors

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