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May 25 2022 Matt
How to Calculate Sales per Square Foot: The Ultimate Guide

Measuring your sales per square footage is important, but calculating it can be complicated. We’ll show you how to calculate sales per square foot and what factors you should consider when interpreting your results. What is Sales per Square Foot? In accounting, the terms sales and generated per square foot of retail space. Sales per […]

May 25 2022 Matt
How to Liquidate Inventory and Cut Down on Storage Fees

If you’re looking to get rid of inventory, liquidating it is the best way to go. But how to liquidate inventory quickly? It’s not as simple as just getting rid of everything – there are a few steps you need to take first. From destroying the inventory to holding a sale, we’ve got all the […]

May 25 2022 Matt
What Is Retail Management? The Process and Tips You Need

Proper retail management is important for the success of your business. It will enable your business to operate at its highest capacity. This article will explain what is retail management, and the tools and tips you need. When I was younger, I worked in a retail store. It was my first job and I loved […]

May 25 2022 Matt
How Do Retailers Markdown? 4 Strategies to Do It Right

How do retailers markdown products? As a retail store, you need to know how to do it without sacrificing too much profit. In this blog, I’ll share four tips on how do retailers markdown the right way. What is a Retail Markdown Strategy? A markdown strategy is a plan outlining when and how certain items […]

May 25 2022 Matt
What Does POS Reconciliation Mean For Your Retail Business

If you’ve ever run a business, then you know that one of the most important things is to keep accurate records. This is especially true when it comes to your finances. That’s why POS reconciliation is so important. But what does POS reconciliation mean? POS reconciliation simply refers to the process of comparing your sales […]

May 25 2022 Matt
12 Tips on How to Manage a Store Successfully

As a retail manager, it is important to keep your store running smoothly and efficiently. Here are 12 tips on how to manage a store successfully. I remember when I first started managing my own store. I was so excited but also very nervous. I had no idea what I was doing! But luckily, I […]

May 25 2022 Matt
Outsmart the Competition: 5 Best Books for Retail Management

There’s not one characteristic that makes a great business leader, but people agree that being open to learning new skills and strategies is incredibly important. The best leaders are constantly reading new books and articles about retail and other industries. So, to help retailers develop and grow, we put together a list of the best […]

May 25 2022 Matt
8 Steps on How to Grow Your Retail Business

As a retail business owner, you are always looking for ways how to grow your retail business. Whether it’s adding new locations, selling on new channels, or staying top of mind with your customers, there are many ways to expand your store. But how do you know which growth strategy is right for you? And […]

May 25 2022 Matt
Is Inventory Turnover a Percentage? Here’s What to Know

If you’ve ever wondered, is inventory turnover a percentage? you’re not alone. It’s a common question that businesses ask because it’s such an important metric. Inventory turnover measures how efficiently a business is selling its products and is used to assess the health of the business. A high inventory turnover ratio means that the business […]