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 […]
Have you ever been in a situation where you were trying to upsell a product or service, but the customer just wasn’t biting? It can be frustrating, especially if you’re confident that what you’re selling is exactly what they need. How to upsell successfully to your customers depends on building trust with them. If your […]
If you’re setting up a new business, one of the biggest questions you must ask yourself is how to get merchandise for a retail store. But if you’re new to this, it can seem a bit overwhelming. Where do you even begin to look? Fortunately, this guide has all the information you need on how to […]
If you’ve ever worked in a retail setting, chances are you’ve been through the process of taking physical inventory. For those who haven’t, it can be a bit of a mystery as to when this event actually takes place. But when is a physical inventory usually taken? It’s a common question with no easy answer […]
How to deal with a difficult customer? If you’ve ever had to deal with an impatient, indecisive, demanding, or rude customer, then you know how frustrating it can be. You try your best to stay calm and patient, but sometimes it feels like nothing you do is good enough. It’s important to remember that not […]
When it comes to leasing office space, there’s a lot of money at stake. So, how do you make sure you get the best terms possible? You need to know how to negotiate office lease terms in order to get a favorable tenancy agreement. As someone who has negotiated dozens of leases, I can tell […]
Retailers have to get creative and use new techniques if they want their physical stores to stay afloat. We have to be realistic and accept that not everything can come from online sales. Despite the rapid growth of online retail, McKinsey estimates that brick and mortar stores will still account for 85% of transactions well […]
If you’re like me, then you know that the best way to draw attention to your store is by having a great display. But what exactly makes a great display? And how can you make sure that your store stands out from the rest? I’ve put together 9 tips on how to make a great […]
As a small business owner, you need to know how to check inventory in order to avoid stockouts and other issues. A manual inventory of your merchandise can help you keep track of what you have, and it can also give you an opportunity to clean, organize, and reorganize your store. Here’s a simple guide […]
If you’ve ever stepped into a cluttered, disorganized store, you know how frustrating it can be. You can’t find what you’re looking for, and it’s impossible to focus on shopping when the space is such a mess. That’s why we wanted to share some of our best tips and strategies for organizing your retail space. […]
