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Entrepreneur Roy Vanono Shares 5 Tips on How to Open a Successful Chain of Departmental Stores

Established in 2015, Jumbo Stock is a national home goods store in Israel. It specializes in affordable prices and a wide variety of choices. Roy Vanono is the founder, owner, and current CEO of Jumbo Stock. Roy Vanono now operates eleven Jumbo Stock branches across the country. He is an expert on how to grow a business quickly and efficiently. Here are his five tips for a successful business:

 

Create a Unique Customer Experience

Creating a unique customer experience is central to Jumbo Stock’s brand.  Roy Vanono prides himself on creating a place where people can shop for any room in the house. This helps customers create their ideal home in a one-stop-shop. Jumbo Stock carries everything from bedding to pet supplies to camping gear, and so much more.

Offer High Quality at a Low Price

Roy Vanono knows that his customers want the highest possible quality in everything they buy. But not everyone can afford to pay top dollar! Therefore, he carefully monitors his suppliers and makes sure he can maximize both quality and price point for his customers.

Establish a Strong Online Presence

Just last year in 2019, Roy Vanono and Jumbo Stock created a comprehensive online website. The goal was to recreate the same in-depth options and quality as customers get in person. Now, people can access the Jumbo Stock decor inventory from their couches.

Stay on Top of Trends

What’s in style today won’t necessarily be in style tomorrow. That’s why it is very important to stay on top of trends. He keeps a constant pulse on what is popular so that he can offer it to his customer. It is really important to Roy Vanono that his customers are able to design their homes the way they want them.

 

Establish a Rewards Program

This is the cherry on top for loyal customers. Creating a Customer Club allows your fans to stay up to date on what’s in stock. It also helps them stay in the loop about company news, and of course, to be rewarded for their continued loyalty.

Jumbo Stock has had a quick rise to success since its launch five years ago in 2015. Who better to go to for business advice than the founder and owner who has made it so successful? Running a chain of department stores is no easy task. But hopefully, these tips have given you some insight into Jumbo Stock’s success.

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