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 […]
We’ve been working hard to grow our support team and improve wait times in Lightspeed customer service, so we are now extending our hours. We want to cater more to your concerns through our enhanced and improved lightspeed customer service. We have extended our support hours for lightspeed customer service so that you can reach us […]
One of the essential things for golf course restaurants is having a restaurant strategy. If you are not putting enough thought into your restaurant’s design, location, and menu options, that can hurt profits. The reality is that your golf course restaurant attracts many people who will be there for about two to four hours. Many […]
E-commerce is becoming increasingly complex. Companies that want to expand into new territories or offer a new product should always use demand forecasting because it will help them know how many units they need. The ability to parse through data will become an invaluable resource. Companies without an accurate forecast may end up overstocking or […]
So, how do barcodes work? Are you tired of manually managing your inventory? Create unlimited unique codes; it’s easy and compatible with all scanners. What is a barcode and How do barcodes work? A barcode is a series of black and white lines that the scanner can read. Barcodes are applied to products for stores, […]
Retailers often find themselves juggling inventory costs and how it can be a considerable expense and a source of business income. Understanding the different inventory methods is essential to help retailers better estimate their merchandise value. Inventory costing is an essential part of retail business management. Here are the five different types of inventory methods: […]
Starting a cafe is no easy task. It takes research, planning, and commitment before you can open your doors to the public. If you want to set up your cafe for success, you must create a coffee shop business plan. We’ll show you how in this article! How to write a coffee shop business plan for […]
Starting a retail business is complex, but one of the first things to figure out is where your products will come from. This could mean buying wholesale. But, how to buy wholesale? Instead, most retailers don’t make their products but get them from wholesalers. They are excellent sources of products because they grow and evolve with […]
One of the best ways to keep up motivation is by remembering why you got into this line of work in the first place. Here, we’ll be giving you inspiring retail quotes to keep you motivated. We all know that motivation is a crucial part of success. But what happens when we hit a rough […]
Increasing sales and customer experience are the top priority for any retailer. How can your employees balance pushy tactics with a positive, inclusive environment? Suggestive selling techniques may be the answer. Businesses often forget that there are other ways to increase their profit margins than just getting customers through the door and making a sale. […]
