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 […]
A lot of stores have been hit hard by thieves and robberies, but there are some really cool anti theft devices for retail stores that can help stop these from happening. One of the most damaging things to a retail store is theft. Let’s say you have a 10% profit margin on each sale, and […]
If you’ve ever been to a store and seen the register, you probably know what a POS is. But did you know that there are different types of POS registers? And each one has its own set of features and benefits that can help your business in different ways? In this blog post, we’ll be […]
If you’re looking for ways how to improve sales in retail, then you’ve come to the right place! I remember when I first started working in retail, I was constantly trying to find new and innovative ways to sell more products. Whether it was coming up with creative displays or thinking of new promotions, I […]
Have you ever gone to a store only to find that they were out of the one item you needed? It’s frustrating, isn’t it? Well, imagine how your customers feel when they can’t find what they need on your website. Stock-outs are more than just an inconvenience – they can actually cost you sales and […]
If you’re in business, then you know that a good inventory turnover ratio is essential to success. But what exactly is this key metric, and why is it so important? The inventory turnover ratio measures the number of times your inventory turns over or sells out during a given period of time. A high turnover […]
As a retail store owner, you’re always looking for ways to increase foot traffic. After all, more foot traffic means more potential customers and more sales. But how to increase foot traffic in a retail store? One way is to make sure your store is visible from the street. This means having large windows that […]
As a business owner, you know that driving traffic to your website is essential. But what’s the best way to turn browsers into paying customers? By using digital merchandising! Keep reading to learn what is digital merchandising and how it can benefit your retail business. What is Digital Merchandising? Digital merchandising is the process of […]
If you’re looking to up your sales game, check out these best in store displays that will help you do just that! I remember when I first started my business, I was struggling to get people into my store. But once we implemented some of these strategies, our sales increased significantly. From immersive product displays […]
As a retail sales associate, you need to have certain skills to have a successful career. Here are the top 18 good skills to have in retail! I remember when I first started working in retail, I had no idea what I was doing. It was a learning experience! But over time, I developed the necessary skills […]
