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’re trying to decide whether to open a brick and mortar store or start an ecommerce business, it can be tough to know which option is right for you. There are pros and cons to brick and mortar vs ecommerce, and it’s important to understand the differences between them before making a decision. I […]
As a retailer, it is important to take steps to prevent theft in your store. This is something that I know from personal experience as I used to shoplift frequently when I was younger. It wasn’t until I got caught and had to face the consequences that I realized how serious of a crime it […]
Buy one get one free is a sales promotion tactic for many retailers. Have you ever taken advantage of a BOGOF special? If so, then you know how great of a deal it can be! But did you know that there’s a perfect time to roll out these sales? We’ve done the research and found […]
If you’ve ever run a business with inventory, then you know how important it is to keep track of your stock. Not only do you need to know what you have on hand, but also what’s been sold and what needs to be reordered. This process is called inventory reconciliation, and it’s vital for keeping […]
If you’re in charge of a company’s supply chain, you know how crucial it is to keep things running smoothly. After all, an efficient supply chain can mean the difference between success and failure for businesses. It is important you know how to manage supply chain effectively. This article teaches you how to manage supply […]
If you’re a small business owner, keeping track of inventory can be daunting. I know from personal experience. There was one time when I had to organize inventory for my business and it felt like an impossible task. This article will teach you how to organize inventory and keep on top of things. 8 Steps on […]
In case you are planning a trip to an expo, your local mart, or any other buying trade show I have six tips for you: 1 – Research and know the numbers of your company Do not just think about how we did for this month, but look at smaller details like how much money […]
In retail, high prices are not always an issue if people feel that they have found the correct match. In fact, most of them will find some wiggle room in their budget to make it work as long as you employ the right service to sales techniques. But I soon learned that if you want […]
You often hear people compare salespeople to the used-car salesman or say that they could sell ice to Eskimos. However, this is not the case for the majority of them. To be a successful retail salesperson, you have to know how much talking and listening are needed. The best way to sell something successfully is […]
