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 […]
Monostereo is a family-owned vinyl manufacturer, wholesaler, and record store chain, started in 1974. The company uses Inverge to better manage their inventory, track sales, and even open up entirely new revenue channels. Vinyl gone digital via dropshipping Monostereo’s business model involves a number of revenue streams, including direct-to-consumer sales, manufacturing and distribution […]
Why is a restaurant floor plan essential? Few customers probably give a second thought to the layout of their favorite restaurant, but they need to have plenty of space and easy access. The configuration can make or break an experience. When designing a restaurant, one should think about its food quality, customer service, and layout. […]
If you’re like most people, you’ve probably heard the terms “eCommerce” and “ebusiness” thrown around a lot but don’t know what they mean. People often use these terms interchangeably, but they are two completely different things. Understanding how they differ can greatly benefit your business. So, what is the difference between Ecommerce and Ebusiness? This blog […]
I was recently having a conversation with a friend about the future of retail. With so many stores closing their doors, it’s easy to see why many people ask, “Is retail dead?” But I don’t believe that’s the case. Sure, the industry is evolving – but that doesn’t mean there isn’t still a place for […]
The pandemic has been hard on everyone, especially small businesses. As a retailer, you may be wondering how to increase sales in retail. It’s important now more than ever to keep your sales team motivated. Here are three ways how to increase sales in retail during the pandemic and beyond! Ready to start using these retail […]
Are you thinking about opening your own retail store? It’s a big decision, and there’s a lot to think about before taking the plunge. Use this how to open a retail store checklist to ensure you’re considering everything that is required. From the initial inspection to visual merchandising, this checklist will help you plan and […]
If you’re a retailer, you’re always looking for ways to increase your sales and conversions. After all, the more customers that you can convert into paying ones, the better off your business will be! But how to increase conversion rate in retail? There are many ways to boost your conversion rate. In this article, you will […]
As a store owner, it’s important to always look for new and innovative ideas to help increase foot traffic and sales. I know from personal experience that it can be difficult to come up with fresh and good store ideas, especially if you’ve been in business for a while. That’s why I’ve compiled a list of […]
As a retailer, you know that it’s important to have the right mix of products in your store. But what is an assortment plan? Below, we’ll look at what is an assortment plan and how this process of understanding product hierarchy and historical data helps you determine benchmarks for future sales? If you want to […]
