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 […]
If you’ve ever run a small retail business, then you know how important it is to track sales, inventory, and customers. A point of sale (POS) cash register can help you do all of that and more! But what is pos cash register you might ask? I remember when I first started my business, I […]
We’ve all been there before. You’re trying to help a customer with their issue, but no matter what you do, they just seem angry and impossible to please. How to handle difficult customers can be a frustrating experience, but luckily there are some things you can do to diffuse the situation and hopefully turn an angry […]
If you’re a retailer, you might be wondering what is a good inventory turnover ratio for retail. The average retail business has an inventory turnover ratio of 10:1, meaning they sell ten times their inventory each year. However, there are ways to move your inventory faster and increase your sales. I remember when I first […]
If you’ve ever had to do inventory at your job, you know it can be a pain. You’re stuck in one place for hours on end, counting and recounting items. It’s tedious work, and it’s easy to make mistakes. But there are ways how to do inventory easily. In this guide, we’ll show you how to […]
When it comes to running a successful retail business, there are certain retail best practices that you should always keep in mind. I remember when I first started out in the retail industry, I made sure to establish new safety standards and implement virtual reality and artificial intelligence into my retail store operations. These may […]
When it comes to starting a business, there are a lot of important decisions to make. One of the most important is what kind of point-of-sale (POS) system you’ll use. A POS system can be a big investment, so you want to be sure you’re getting one that’s right for your business. This article teaches […]
If you’re looking to lease retail space, you’ll want to make sure you’re getting the best possible deal. Knowing how to negotiate a commercial lease for retail space can be tricky, but with the right negotiating skills, you’ll be able to get the most favorable terms for your business. When we first started our business, […]
As a retailer, one of the most important things you can do is to keep an eye on your profit margins. After all, if your margins are too low, you won’t be able to stay in business for very long! There are a number of ways that you can increase your profit margin. Some involve […]
When it comes to customer service, first impressions are everything. That’s why it’s so important to know how to greet customers in the best way possible. After all, they are the lifeblood of your business! There are a few simple things you can do to ensure that every customer feels welcome and valued from the moment they […]
