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 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 […]
The most important part of retail is the moment you make a sale. If there’s no transaction, then all that work goes to waste. But, how to practice cashiering? With the importance of a well-trained cashier, it’s apparent that you need to invest in your employees and make sure they’re knowledgeable on all aspects of […]
Inventory reconciliation is the process of making sure that what you have on hand matches how much has been sold. If you are not using the inventory management method, then there is a high chance that your company will have stock discrepancies. Many things can cause this, but it’s essential to understand why these inconsistencies […]
A retail floor plan is essential to your merchandising business. A store plan that has been well-designed and executed can create a wonderful experience for your customers, generate more sales, and encourage product discovery. So if you haven’t reviewed or refreshed the layout of your retail space in a while, it’s worth considering doing so […]
The tricky part about starting your eCommerce brand is finding a manufacturer and fulfilling all the orders. But, if you want to bypass that step altogether, then buying an existing one would be much easier; it’s just not as easy picking which ones are worth investing in or how to vet them. One of the […]
With salespeople, the most crucial skill is selling. Here are retail sales tips and techniques for a successful retail business. What exactly are retail selling methods? The best way to sell is through a connection with the customer. And this can be done by asking questions and getting them involved in your product. In fact, […]
Seeing other retailers doing well in their industry is a great way to get inspired. For this post, we will look at some of the top-performing retail examples and what they do differently. In this post, we’ll explore the success of several retailers (primarily small and medium businesses) from various industries. We hope that you […]
These days, Point of sale software features matter a lot if you’re on the hunt for a new point-of-sale (POS) system, and you can get overwhelmed pretty quickly. There are hundreds of options online, each with its pros and cons. It can leave you wondering what the best option is for your needs and what extras […]
