CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Mutual Funds Taxes Ask the Expert Money 101 Autos Loan Center Best Places to Live Ask the Expert Millionaires in the Making Ultimate Guide to Retirement Retirement Calculators Best Funds Ask the Mole Best Places to Retire Personal Tech Big Tech Blog Techland Blog Sectors and Stocks Fortune 500 Techs Tech Talk 100 Best Places to Launch Ultimate Resource Guide Small Biz Makeovers FSB 100 Ask & Answer Fortune 500 Technology Investing Management Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts
FORTUNE Small Business:

How can we sell in big retail stores?

FSB's Anne Fisher deciphers the various ways to get your product into top retail stores.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)

retail.03.jpg
Ask FSB
Get small-business intelligence from the experts. Here's a chance for YOU to ask your pressing small-business questions, and FSB editors will help you get answers from the appropriate experts.
Your name:
* Your e-mail address:
* Your city:
* Your state:
* Your daytime phone #:
* Your questions:

(FORTUNE Small Business) -- Dear FSB: My company makes fashion tape (two-sided adhesive that keeps clothing in place). We're struggling to land a major retail account. Our products sell well in boutiques and online, and we've gotten great national media exposure, including on Good Morning America and in In Style magazine. Yet despite our creativity - we've even sent lottery tickets to big retailers' buyers - we can't get a meeting. Do you have suggestions?

Rebecca Whicker, President
Bug Catcherz, Atlanta

Dear Rebecca: There's no one way to become a vendor to a big retail chain. Wal-Mart (WMT, Fortune 500), which buys $200 billion in merchandise each year from 61,000 suppliers, gives detailed online proposal-submission instructions at walmartstores.com (under "Suppliers"). Target (TGT, Fortune 500)'s e-mail application process begins with a call to its vendor hotline: 612-696-7500. Higher-end department stores have no such standard drill. Instead, your best bet with Nordstrom (JWN, Fortune 500) or Macy's (M, Fortune 500) (which owns Bloomingdale's) is to call your local store and ask for the appropriate buyer for your region. She'll tell you what your next steps should be.

In all cases, because stores value vendor diversity, it would probably help to get certified as a woman-owned business. Wal-Mart will accept certification only from the Women's Business Enterprise National Council. Its counterpart for minorities is the National Minority Supplier Development Council.

Buyers typically won't meet with you until they've approved your product, and for some reason that's not happening. Which leads us to ask: How attached are you to your company's name? "Your website makes it clear that you've invented clever fashion-tape products that help women's clothes fit better, but if you call someone and say, 'I'm from Bug Catcherz,' they won't think of fashion tape," says Pete Dewar, head of verbal identity for global branding giant Interbrand. "Your name is your calling card - and unfortunately this one makes you sound like a pest-control company." Dewar adds that big retail chains, especially upscale fashion retailers, seek products that "add value to their brand by reflecting its style and image." He doubts that a name like Bug Catcherz does that. To top of page

How can Rebecca get her product into retail stores? Share your advice for Bug Catcherz here.

Sniffing out sales

After the Wal-Mart deal

For designers, Oscar turn boosts sales

Ecko's startup story: Rhinos and maxed credit
Markets Last Change
Dow Jones 8,451.19 -128.00 / -1.49%
Nasdaq 1,649.51 4.39 / 0.27%
S&P 500 899.22 -10.70 / -1.18%
10-year Bond 100 31/32 Yield: 3.88%
U.S.Dollar 1 euro = $1.341 -0.019
October 10, 2008 12:00 AM ET
CompanyPrice% Change
Wachovia Corp 5.14 42.78%
Slm Corp 8.24 28.75%
Lincoln National Corporation 23.45 28.07%
Sonic Automotive Inc 4.57 -26.53%
Oct 10 3:56pm ET †


© 2008 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2008 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.