Putting staff first and thinking local key to success, says award sponsor
Retail NI is delighted to support the Retailer of the Year category at this year’s Belfast Telegraph Business Awards.
These are challenging times for our retail sector, as 2019 will be the year of reinvention for our sector and for our high streets and town centres. Now more than ever we need to see bold new leadership in the retail sector.
That’s why the judges in this year’s awards want to see as many entries as possible from retail leaders, demonstrating how they have led the transformation of their business in this rapid period of change.
In short, we want to hear from the retail change-makers.
So what attributes might the Retailer of the Year have?
Firstly, in 2019 we will see the creation of more confident and dynamic independent retailers who will be at the cutting edge of a new retail sector, leading toward 21st-century town high streets. These are retailer entrepreneurs who are innovators and trend-setters.
Consumer behaviour is rapidly changing and people want something different from their high streets, and I believe that smaller, more agile and tech-savvy retailers who can adapt to this tidal wave of change will be the ones who will not just survive, but thrive. Looking at the big names such as Mothercare, Poundworld and Carpetright and many others that have closed their doors in the last year, you would be forgiven for thinking we are seeing the death of the high street.
However, rather than its demise, we are actually seeing the restructuring of the high street. Like any restructuring process, there are always casualties. To survive and indeed thrive in retail, it is a constant process of change and innovation.
Another important factor for 21st-century retailers is their commitment to sourcing local and giving something back to the local economy and community.
For our Independents’ Day campaign last year, Retail NI commissioned research, carried out by Perceptive Insight in May 2018, revealing 59% of consumers surveyed used their local stores for a basket food top-up shop up to three times a week, and also showed that 71% spent between £20 and £500 on a single visit to local, independently owned stores.
The report also revealed the biggest deciding factor for visiting an independent store was to support local businesses (62%) as well as better customer service (32%) and the convenience of local shops (36%). Plus, 70p in every pound spent with a local independent retailer is recycled around the local economy, supporting local farmers, producers and manufacturers. The Retailer of the Year needs to successfully demonstrate their commitment to the local supply chain.
We also want the Retailer of the Year to have a strong track record of staff development. Kip Tindell, chief executive of the American retailer Container Store, rightly said: “Too many businesses today are based on driving prices lower by screwing over somebody; pounding suppliers or squeezing employees. We’re the opposite. We put employees first, radically … If you take care of them, they will take care of your customer better than anybody else.”
Do you have what it takes to be the Retailer of the Year? If so, get your application in.
Business Awards categories 2019
1. Excellence in Marketing
2. Excellence in Exporting
3. Excellence in the Development of Management and Leadership
4. Excellence in Innovation
5. Best Use of Digital and/or Social Media
6. Young Business Person of the Year
7. IT Company or Team of the Year
8. Retailer of the Year
9. Excellence in Workplace Health & Wellbeing
10. Best Small/Medium Business
11. Emerging Business Start-up of the Year
12. SME Healthcare Business of the Year
13. Excellence in Corporate Social Responsibility
Two special judges’ awards, the Lifetime Achievement Award and Overall Business of the Year sponsored by Ulster Bank, will also be presented.
Full details on categories and criteria and how to enter are available at: www.belfasttelegraph.co.uk/businessawards/enter.
The closing date for entries is Thursday, March 21 at noon.
How to buy tickets
The gala awards dinner takes place on Thursday, May 2 at the Crowne Plaza Hotel, Shaw’s Bridge, Belfast. A table for 10 costs £1,500 plus Vat while individual places are available at £160 plus Vat. Book online at www.belfast telegraph.co.uk/business awards/tickets