As recent events have proven, Shoefits prevails in the face of adversity.
The
two-store independent retailer, which has locations in Houma and
Lafayette, La., and a flourishing online business, has faced
hurricanes, the recession and the Gulf oil spill since opening in 2004.
Still, the business finished 2010 with $1.8 million in sales — up 8
percent over 2009 — and plans are under way to franchise the concept
elsewhere in the South and even beyond.
“When we opened, I
expected to be successful, but I never dreamed it would be this
successful,” said co-owner Jodi Webb, who runs the store with her
mother, Shanna Trosclair. “I’m not saying we haven’t gone through rough
times. ... We took our licks, but we always stayed in front of the
customer.”
Webb comes from a retail background that started when
she was 15 years old. She graduated from Nicholls State University in
1982 with a degree in fashion merchandising, and over the next 16 years
held various management positions at Maison Blanche, Limited Corp. and
independent boutiques. She’s also worked in outside sales, marketing
and advertising.
Trosclair, meanwhile, provided the financial
experience, having served as CFO of an international oil field company
before retiring 10 years ago.
The duo’s Houma store opened in
2004, followed by the Lafayette location in 2006. In 2008, the
e-commerce site launched, and it now accounts for about 20 percent of
sales.
Webb said her original concept for the store was to
provide a playful, unpretentious boutique where women can shop and have
fun. “I wanted the boutique feel, but also to be comfortable, with
music playing and people talking and having a good time,” she said.
“The
shopping experience [that Shoefits] presented to consumers is unlike
any other,” said Deb Tremonti-Hazelton, a sales rep for Donald J
Pliner. “It is truly one of the best places to shop for shoes in
Louisiana.”
On the main sales floor, products are merchandised
by vendors on tables, with stock stored underneath or nearby. “We don’t
have to go to the back [of the store],” Webb said. “We’re in
face-to-face contact with that person constantly. That’s extremely
important. We see what they want, sit them down on the couch and pull
three other shoes that are similar. That’s a rule in our stores.”
An
area dedicated to higher-priced shoes is located to the right of the
entrance. “Anything over $200 goes in that corner,” Webb said. “There
is a little sitting area with a couch.” Some items in this area can top
$700.
The back of the store features racks of shoes organized by
size and sometimes marked down. “When we sell down on a shoe — say we
get 12 and two or three days later we only have three pairs left — we
run it into the wall by size,” Webb said. “Most of [that area] is
things we can’t really merchandise anymore.”
Webb said about 12
percent of sales come from higher-priced labels such as Donald J
Pliner, Old Gringo, Ugg and Vaneli. However, she said her average
retail price ranges from $89 to $99, from brands including Arturo
Chiang, Calvin Klein, Chinese Laundry, Jessica Simpson, Sam Edelman,
Matisse, Yellowbox and Volatile.
“I remember walking into the
Houma location back in 2006 and couldn’t believe how great the store
looked, extremely inviting,” said Stuart Matthews, a sales rep for
Matisse. “Jodi has a great eye for fashion [and] always seems to pick
the key items in the lines and retails the product very well.”
Such
a diverse product mix and range in price points helps the store appeal
to its target customer: “We shoot for those with more disposable
income, which tends to be ladies in their 30s and 40s,” Webb said. “But
when she comes in, she brings her daughter, so we have a variety of
customers.”
And Webb is always on the hunt for new labels to add
to her selection. At trade shows, she makes that search a priority. “At
the end of the day,” she said, “I always stop what I’m doing at about a
quarter to five and we just shop for new vendors. We’re there on
business, and that’s what we do from 8 a.m. to 8 p.m.” Webb also
dedicates about five or six hours during her typical work week to
research new vendors.
As for store expansion, Shoefits is in
talks with potential franchisees in Baton Rouge and New Orleans. But
Webb also has received interest from would-be retailers in North
Carolina, South Carolina and New York. “I’m game for any kind of growth
in any state,” she said. “It just has to be with the right person.”
Much
of her time this year will be dedicated to seeking partners with the
right combination of passion, retail experience and financing. Webb
said 10 franchisees within the next five years is possible.
But
while growth has been swift, it hasn’t necessarily been easy to
accomplish. Webb said the store was challenged with Hurricane Katrina,
followed by Hurricane Gustav and Hurricane Ike, the latter of which
forced both stores to close for 14 days.
“Then came the [downturn in] the economy. Then, the [oil] spill,” Webb said. “But we just keep on rolling along.”
The
key to the company’s success, Webb said, has been its connection with
customers, a dedication to advertising and keeping the store
front-of-mind with consumers. “The way we survive is through constant
communication with our customers, whether it’s through wine-and-cheese
events, e-mail blasts or follow-up thank-you notes,” she said, adding
that she also sponsors a “Diva Awards” event for her most active
customers, as well as a Christmas open house and a spring gala.
She
also advertises on billboards, in newspapers and online, and
participates in charities like the United Way and Junior League, and
even silent auctions at high schools. In all, Webb said she spends
between $5,000 to $8,000 per month on marketing and advertising.
“To
[effectively] communicate with people, you’ve got to do it top notch
... and it costs money,” Webb said. “A lot of people get into business
and think the customer is just going to automatically walk in. They’re
not. You have to bring them in.”