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 […]
Whether you’re an e-commerce veteran or just starting, it can be hard to find a niche product that sets your business apart. Luckily for us all, the market is full of ideas. This article will touch on a few topics, including what an e-commerce niche is and how to choose your own. Niche So read […]
When you’re designing your store, it’s not just about aesthetics. It requires creativity and scientific insight to ensure that the store’s layout is perfect for its customers. In this post, we’ll explore the various ways to plan your store layout. Think about incorporating these pointers into your design and see if any of them will […]
Merchandise is one of the most important things to get right in retail and a product assortment. It requires both an art and a science. It’s imperative to have data and be able to understand your customers, as well as have a little bit of intuition into what they want. Here’s a quick overview of […]
The best way to avoid mistakes is by combining your gut instincts with data. Here are the top retail metrics and KPIs to monitor. You’ll learn about the formulas to use for metrics. You’ll also find out why it’s so important to have a solid retail analytics and reporting platform. Numbers don’t lie, so if […]
Retailers always want to make more money and maximize space. It’s a delicate balance between carrying too much or not enough inventory. What is a good inventory turnover ratio? Holding too much inventory means high storage costs, while having low stock could mean missing sales. Click To Tweet In terms of inventory management, you’re constantly […]
Want to know about setting up a point of sale system? We’ve got you covered in this post. A POS system is an essential tool for any retailer. It allows you to ring up sales, which makes the checkout process more accessible. The right POS software is more than just setting up a point of […]
Have you noticed how dirty your checkout counter is? When was the last time you cleaned it up and made it sparkle again? No, we’re not just talking about the basics. Please create an environment that people enjoy being in. Your checkout area is one of the essential parts of your store because it’s where […]
If you find yourself drowned in the thought of how to open your retail store and how to keep your store running smoothly, then read through our checklist for the retail store opening. This guide also has a helpful retail store daily operations checklist for you. It’s time to stop wasting valuable hours in your retail store. […]
Most thriving retail businesses process thousands of transactions on any given day. To keep things running smoothly in the brick-and-mortar world, you need an arsenal of tools — both hardware and software. When it comes to retail, the heart of your business is how you process sales. The point-of-purchase system or POS can be many […]
