A Case Study
Here’s one you may NOT know about, an unassuming privately held but steady growth company springing from the frozen north of Minnesota.
While we have been sleeping they have been steadily growing for decades, with same store sales growth Y/Y stringing out now for OVER 50 straight quarters.
Who is this? A not so little company called Great Clips, now with over 3,500 salons.
How? Two recent examples: First they have a fantastic check-in application. Next, Clip Notes. Clip Notes almost has a misleading name, because it is MORE than notes, it is actually a new language for delivering haircuts. Clip Notes is a structured language that stylists learn so they can deliver the right cut consistently and conveniently.
Strip malls love having Starbucks as an anchor. Why? Steady every morning business. We would imagine Starbucks pays rent, but in a very real way they a good example of a NEW Anchor, they are the lifeblood of the center, and it could be the other tenants should really be paying them to be there. And maybe someday they will.
So, increasingly, are companies like Great Clips, though they don’t drive visits every-day they do every few weeks, like clock-work. They have knowledge of their customer base that is Starbuck’s like or better with killer app’s that are arguably just as strong.
The NEW Anchors
In a world not that long ago, the retail world was driven by the big [...]
What is your MODE?
Imagine three statisticians out duck hunting—first one shoots 3 feet too high, second one, 3 [...]
|GREAT CLIPS INC.||Retail||Franchise Hair Care Salons|
|MEINEKE CAR CARE||Retail||Car Care Centers|
|THRIVENT FINANCIAL||Financial||Financial Planners|
|CARLSON HOSPITALITY||Hotel Brands – Radisson, Country Inn’s & Suites||Worldwide Franchise and Corporate Hotels|
|ABRA AUTO BODY & GLASS||Retail||Multi Unit Auto Collision and Glass Repair|
|SCHWAN FOOD COMPANY||Business to Consumer||Home Food Delivery|
|ALLEN EDMONDS SHOE CORP||Retail||Men’s Shoes|
|TAYLOR CORPORATION||Business to Business and Business to Consumer||Print Communications & Promotional Products|
|PEARSON ASSESSMENTS||Business to Business||Learning and Education Assessment Products|
|IDEAS||Business to Business||Hotel Capacity Management Software|
|JIFFY LUBE||Retail||Automotive Service|
|PROEX PHOTO||Retail||Photo Development stores|
|BLOCKBUSTER CORP.||Retail||Video Rental|
|PAPA JOHNS PIZZA||Retail||Pizza Delivery|
|MARK VII EQUIPMENT||Business to Business||Manufacturer of car wash systems|
|OSMONICS||Business to Business||Manufacturer of Water Purification Systems|