We were one of the first adopters of Margin Master and realized we had not done anything to speak of with our rules in over a decade.
After a few days with Mike we reduced prices on over 3,000 items as well as taking the increases he advised. For our 4 store chain the customers really noticed the price decreases and we did not hear a word on the price increases. It has been 8 months, we are seeing about a 1.8% increase in Margin and we have had increased Sales. It is not easy, takes some time and effort but we recouped our investment in Mike in 1 month!
I will take that return any day!!
Gregg Peters
Ace Hardware Store Owner
South Dakota
With consumer awareness of online Retail Pricing at an all-time high, it had become clear our Strategies in Margin Master were out of date & not in line with Ace Hardware. Our top down approach over the years led to Retail Pricing variances that fell far below & well above Ace in many Areas.
With Bloom’s bottom up approach each Department and Class stands on its own merit. Bloom spent the necessary time helping rebuild our Strategies that made sense for both the business & our customer. In the end the program accomplished our goal, which was to smooth out the “rough edges” while increasing Margins. We are very pleased with Bloom & look forward to a profitable year.
I strongly recommend their services!
Ron Foppe
Ace Store Owner
Illinois
With Mike's help my Store Manager & I began to see how to develop & implement better Pricing
Strategies. We improved our Gross Profit dollars enough to quickly reimburse the cost of his expertise, while also giving me great confidence in the value proposition we provide our customers. Now I know we have a Pricing structure that makes sense across all areas of our store.Mike’s accounting background & attention to detail combined with firsthand retail experience in store ownership provides great perspectives that he uses to coach retailers in many environments.
I highly recommend Mike as a coach & consultant. In my opinion he is the very best available anywhere on the planet.
Bob Zimmerschied
Ace Store Owner
Wyoming
Working with Bloom on our Margin Master Strategies has been a tremendous eye opener that I wish I would have seen years ago! It takes focused effort & an investment of time on your part, but well worth the time spent.
Our first Department we processed was Paint & we have seen a +2.51% increase in GP% in the first month, in all our three stores. This improvement is out of approximately 30 classes that we chose to run the new strategies in. I strongly recommend taking the time to review & invest in this new way of Retail Pricing with Bloom & implement it as soon as you can.
Dallas Madsen
Ace Hardware Store Owner
Colorado & Nebraska
I highly recommend Mike Aylen of Bloom Retail for the exceptional work he did with The Helpful Hardware Company. Mike was instrumental in helping our 21-store chain develop a multi-tiered Retail Pricing Strategy, working closely with our Inventory and Pricing teams to build a detailed approach by Department, Class and where appropriate down to the SKU.
His work combined deep analysis with practical retail application, including evaluating organizational impact and developing Pricing Schemes across multiple Urbanities. Mike brought tremendous discipline, insight, and collaboration to the process, and his efforts helped us create a more thoughtful, data-driven strategy for our business. He is a strong partner for any retailer looking to sharpen Pricing, Assortment, and overall Retail Strategy.
Dave Enmark
CEO, The Helpful Hardware Co.
Explore Our Solutions
We Offer a variety of solutions tailored to your needs
Smart Pricing Strategy Setup
We build a structured, data-driven pricing strategy that eliminates guesswork and ensures every product in your store is priced for optimal profit and competitiveness.
Financial Management Training
If your goal is motivated Employees that understand how their roles impact on Financial Performance this program is for you