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 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 […]
As a business owner, it is critical to have SKU numbers for managing inventory and maximizing sales. But, what is a SKU number exactly? This article teaches you more about SKU numbers including how to generate them. If you’ve ever shopped online or in a large retail store, you’ve probably noticed that each product has […]
Have you ever caught someone stealing? It’s a difficult situation to be in, but there are a few things you can do. You can make a citizen’s arrest, call the police, or use facial recognition technology to identify the shoplifter. All these actions come with risks and rewards. In this blog post, we’ll guide you […]
As a small business owner, I know how important it is to know how to take inventory. That’s why I always make sure to do regular physical counts of all my products. Not only does this help me stay organized, but it also allows me to catch any errors or discrepancies that might have otherwise gone […]
