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May 27 2022 Matt
What Is the Average Profit Margin on Retail?

As a retailer, you know that profit margins are important. But what is the average profit margin on retail? We take a look at the data to find out. For our business, we need to make sure that we’re always aware of our margins. After all, it’s one of the key indicators of how well […]

June 2 2022 Matthew T
What Is the Difference Between Ecommerce and Ebusiness?

If you’re like most people, you’ve probably heard the terms “eCommerce” and “ebusiness” thrown around a lot but don’t know what they mean. People often use these terms interchangeably, but they are two completely different things. Understanding how they differ can greatly benefit your business. So, what is the difference between Ecommerce and Ebusiness? This blog […]

June 2 2022 Matthew T
Is Retail Dead? No, But Brand Reputation Is Important

I was recently having a conversation with a friend about the future of retail. With so many stores closing their doors, it’s easy to see why many people ask, “Is retail dead?” But I don’t believe that’s the case. Sure, the industry is evolving – but that doesn’t mean there isn’t still a place for […]

June 2 2022 Matthew T
How to Increase Sales in Retail: 3 Ways to Motivate Your Team

The pandemic has been hard on everyone, especially small businesses. As a retailer, you may be wondering how to increase sales in retail. It’s important now more than ever to keep your sales team motivated. Here are three ways how to increase sales in retail during the pandemic and beyond! Ready to start using these retail […]

June 2 2022 Matthew T
How to Open a Retail Store Checklist for Businesses

Are you thinking about opening your own retail store? It’s a big decision, and there’s a lot to think about before taking the plunge. Use this how to open a retail store checklist to ensure you’re considering everything that is required. From the initial inspection to visual merchandising, this checklist will help you plan and […]

June 2 2022 Matthew T
Tips Highlighting How to Increase Conversion Rate in Retail

If you’re a retailer, you’re always looking for ways to increase your sales and conversions. After all, the more customers that you can convert into paying ones, the better off your business will be! But how to increase conversion rate in retail? There are many ways to boost your conversion rate. In this article, you will […]

June 2 2022 Matthew T
Good Store Ideas for Small Business Owners

As a store owner, it’s important to always look for new and innovative ideas to help increase foot traffic and sales. I know from personal experience that it can be difficult to come up with fresh and good store ideas, especially if you’ve been in business for a while. That’s why I’ve compiled a list of […]

June 2 2022 Matthew T
What Is an Assortment Plan? Definition and Its Importance

As a retailer, you know that it’s important to have the right mix of products in your store. But what is an assortment plan? Below, we’ll look at what is an assortment plan and how this process of understanding product hierarchy and historical data helps you determine benchmarks for future sales? If you want to […]

June 2 2022 Matthew T
What Is the First Step of Inventory Management?

What is the first step of inventory management? If you’re like most people, the first step of inventory management is probably not something that you think about on a daily basis. But if you own a business or are responsible for managing stock levels, it’s an important part of your job. Keep reading to learn […]

June 2 2022 Matthew T
Importance of Inventory Management: Challenges and Benefits

If you’re in business, then you know the importance of inventory management. It’s a key part of keeping your operation running smoothly and efficiently. But what is it exactly? Tracking your inventory from the point of purchasing to selling it to a customer is crucial to the success of your business. The process involves identifying and […]