If you’ve heard that retail stores are dying, you might want to consider some new data released last month. According to IHL Group, retailers are opening 4,080 more stores in 2017 than they are closing, and plan to open more than 5,500 more in 2018. In fact, for each company closing a store, 2.7 companies
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A data breach with your point-of-sale (POS) system can be devastating, and costly. According to the Ponemon Institute research report , when a retail business experiences a data breach 31% of consumers discontinue their relationship. Improving your business’ security posture with your POS can shield you from loosing customer relationships. Here’s a few questions to
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You are about to welcome masses of shoppers through your store doors. Dare we say that several holidays – Halloween, Thanksgiving, and Christmas are right around the corner? That means there is no better time to strategize and prepare on how you will build your customer database. Shoppers will be right in front of you.
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It’s back-to-school already. This year the National Retail Federation’s (NRF) annual survey projects that total spending for school and college combined is expected to reach 83.6 billion. That’s more than a 10-percent increase from last year’s 75.8 billion. Be competitive with year’s back-to-school rush. Here are a few ideas to maximize sales by utilizing your
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It’s still sweltering hot outside, but you’ve got a business and that means you’re always a season ahead. So let’s look forward to fall. Will your restaurant or retail business be hitting the peak or the slow season? You’ll need to know how to plan schedules, hiring, and training. On your own this process can
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Retail marketing is constantly changing and can be challenging, but don’t forget that your point-of-sale (POS) system has some power-packed tools that can help you keep your marketing efforts on top. Here are 5 tips that can benefit your retail business. 1. Customer Satisfaction with Loyalty and Referral Programs Studies show happy customers spend more, and
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Most shoppers are interested in saving money. That’s why vouchers have gained popularity in retail around the world. A voucher is a redeemable transaction type that has a certain monetary value. It can only be spent on specific goods or for specific reasons in retail shops or online. They help retailers reach more consumers, motivate
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Every retail business has an ebb and flow of traffic. That means there are slow times, and busy times. Slow times can be a drag, but they don’t have to be. Let your point-of-sale (POS) system help the time fly by being productive. You never know, what you think might be your slowest season, may
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Theft can be a real problem in retail. Did you know that your employees are more likely to steal from you than your customers? That’s according to research from Statistic Brain Research Institute in April of 2017. Take a look at what else they discovered. Employees steal 50 billion annually from U.S. businesses. 75% of
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Could you retail staff perform better at sales and service? Most business owners would probably say that there is always room for improvement. So why not give your employees the best resources to improve performance, and boost your bottom line? It all starts with a quality point-of-sale (POS) system. Here are some tips on taking
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