We’re Seeing More Stores with Digital Price Tags

While lots of dealers continue to believe digital shelf labels are prohibitively expensive, some stores that have tested these modern price tags say they can pay for themselves in one to two years.

Walt Spokowski, who leads Marine Home Center in Nantucket, MA, along with a couple of hardware stores, has been installing them gradually since 2021. He likes them. “Price changes are instantaneous, with no labor expense,” he says.

Spokowski suggest dealers learn about the various sizes and styles of digital shelf labels available and think about how they want to use them. For example, whether the labels are affixed to a shelf or a peg hook can influence which kind of labels to use. Spokowski also suggests that, before making a big commitment, you should test the digital labels in a small store or a department to determine whether they fit operating systems. Going bit by bit, so to speak, also can help in training the staff and winning them over for the change. Given how many people dislike the drudgery of changing paper price tags, that shouldn’t be too hard.

Welcome To EquiNova Capital

EquiNova Capital Partners LLC is the new company launched by Michael Collins and Walk Kurek following their years as Managing Directors of Building Industry Advisors. EquiNova invests private equity capital in middle-market companies and provides merger and acquisition advisory services. 

We Can Answer Your Most Pressing M&A Questions

  • How do the most active buyers in today’s market value my company?
  • What parts of the business should I change to improve its valuation?
  • When is the right time to sell?

These are questions that are commonly asked by the owners of building products manufacturers and distributors. Our work in selling and raising capital for companies puts us in a unique position to help answer these important questions. Regardless of when you might decide to approach the market, please contact me to have a confidential discussion about your company and ways to maximize its value for the owners. 

Michael Collins
Work 312-854-8036
Cell 312-282-5462