Big or small—grocery store owners understand the complicated mix of maximizing profitability and efficiency with what consumers want. It’s challenging because of the rise in awareness of environmental degradation and the number of people wanting to know about food sources coupled with food sensitivities and allergies. It’s an ever-changing industry. Here are the top 4
Read More
Summer is almost over and the kids are about ready to go back to school. Is your retail store ready for fall? Here are 6 ways to prepare. 1.Mark Down Summer Merchandise Depending on where your retail store is located, it’s probably safe to say that any, swimsuits, beach gear, summer clothes etc. are not
Read More
Do you open your cash register drawer and just deposit money without any type of system or checks and balances? If you do, you could be damaging your business without even knowing it. Why? Because balancing your cash register drawer has to do with all kinds of payment methods like mobile payments, credit/debit, checks, and
Read More
Starting up a small retail business can be scary. You need more than just passion and drive. First, you need to do some research to see what works best for you and where the market is trending. Here are 3 small business retail ideas. We’ve also included some Point-of-Sale (POS) system information as well, because
Read More
The days of businesses only accepting cash as a form of payment are almost extinct. According to a 2018 survey by TSYS, 80% of those surveyed prefer credit or debit as forms of payment. Many businesses realize that in order to stay competitive, accepting cards are a must. But what happens if a power outage
Read More
Monitoring and measuring your retail business’ inventory KPIs (key performance indicators) against a predefined set of metrics is key to your progress. By continuously doing this you can spot trends and gain insight that can help you make better decisions about your inventory. There are quite a few things to track, but where is a
Read More
It’s one of the most widely used forms of consumer communication—SMS messaging. With a 98% text open rate vs a 20% email open rate, it’s clear to see why so many businesses are including SMS text marketing as a part of their strategy to boost sales. In this two-way communication between customer and business, there
Read More
Your retail check out counter space is important, not just because it’s where you make sales on your point-of-sale (POS) system, but because it’s that one last chance to sell, make your customers aware about an upcoming promotion, and provide great customer service. Here are 5 tips to maximize your retail check out counter space.
Read More
According to Facebook, 60 million businesses have pages. Does your retail business have a Facebook page? If not, you should. The path to increasing sales is to make sure people know about your products, right? Where can you find those who might be interested in your products? Look for where all the eyeballs are staring—Facebook.
Read More
Profitable retailers are constantly looking at their profit margins because they know it’s key to staying competitive, and most importantly, staying in business. These numbers are more than just metrics, they answer some critical questions about pricing. Are you priced too high, too low, or just right? Where is your sweet spot? Profit margins are
Read More
