Change your newsagency without losing the people who matter most
“If I change my business too much, my regulars will stop coming. Soon I won’t have a shop.”
I hear this often. It is a common feeling, and it comes from a good place. You care about your customers. You know their names and what they buy. You do not want to let them down.
We all like what we know. We like the space where we feel comfortable. That is human.
Plenty has already changed
Change has been happening in your shop for years. It is easy to miss because it happens slowly, a little each week.
Over-the-counter newspaper sales keep declining. Most magazine titles are declining too. The exception is special interest titles, which continue to do well. Lottery customers are moving online. The shoppers coming through your door today are not quite the same as those of ten years ago.
So the question is not whether to change. The change is already underway. The real question is whether you guide it, or let it guide you.
You do not have to choose between old and new
Changing your newsagency does not mean turning your back on your regulars. You can make the shop fresh and relevant to today, while keeping the products and services that matter in your location.
That might mean keeping your newspapers near the counter, while giving more floor space to categories that are growing. It might mean keeping the special interest magazines your customers love, and trimming titles that no longer sell.
Your regulars are more likely to stay when the shop feels busy and alive. New shoppers bring energy. Energy brings everyone back.
This is why I say there is no single approach. Every shop, every town and every community is different. What works in a regional main street will differ from what works in a city shopping centre.
What we do know
There is no coming back for the newsagency channel. There will be no return to the days of around 5,000 shops that looked almost the same.
That is not a reason to worry. It is a reason to plan.
The growth categories are clear based on the evidence we have:
- Gifts
- Collectibles
- Play, including toys, games and jigsaws
- Clothing
- Books
These are easy categories for newsagents to add, with the right backing. You already have the skills. You know your customers, you know retail and you know your community.
You do not have to do this alone
Yep, this is a pitch. I am a Director of Stride Retail Pty Ltd. It helps newsagents transform. Yes, we changed the name of the newsXpress Pty Ltd business to Stride Retail Pty Ltd last month as our own distancing of the newsXpress business from the newsagency channel.
We can look at your shop, your location and your current range with you. We can help you work out what to keep, what to grow and what to try. We do this at a pace that suits you and your customers.
Change works best one careful step at a time. Start with one small step this month. Your regulars will come along with you.
Reach out: help@newsxpress.com.au