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4 Tips for Managing Seasonal Inventory
For many retailers, the holidays are the most profitable time of the year. But as traffic increases, so do operational costs and logistical hurdles. Then, when...
6 Ways to Thrive During the 2020 Holiday Shopping Season
This year, consumers plan on buying their holiday gifts earlier because of worries about availability. To meet this need, retailers have launched...
Here’s Why You Should Be Offering Layaway
If you don’t have a layaway option, you may be missing out on a lot of sales. One study showed that over 30% of the people wouldn’t have made a purchase...
How Your POS Can Help Mitigate a Crisis
A “black swan event,” such as the one we are experiencing now with COVID-19, is an unpredictable crisis that has potentially severe...
Easy Ways to Improve Your Product Repair Services
Offering product repairs can be one of your most valuable services. For some retailers, such as bicycle shops, it can offset the downturn in sales...
Essential KPIs for Vendor Management
Most of the key performance indicators (KPIs) for inventory management focus on what’s in your warehouse and on your shelves. These KPIs...
Cybersecurity Tips for Small Retailers
Advances in technology allow small retailers to reach new markets and grow their footprint quickly. They become more efficient and productive when using...
The Top 6 Challenges of Managing Inventory
Making wise decisions with your inventory and how to manage it is a challenge in today’s changing economy. Inventory management has lots of moving parts...
Sponsoring a Local Event Is Good for Business
When you sponsor a local event, you’re supporting your community. But, what you may not know is that it’s also a good investment for your business...
4 Ways to Create a More Convenient Shopping Experience
Consumers overwhelmingly feel that convenience is the most important thing when they are shopping and they’re willing to pay for it. Anything that can...
Here’s How To Attract Millennials to Your Specialty Retail Business
It’s no easy feat for your specialty store to create a unique shopping experience for millennial shoppers. First, you need to identify your store’s strengths...
Which Inventory Control Method is Right for Your Business?
The key to owning a retail business is understanding how to manage your inventory properly. Every business is unique, from the products you sell to the services...
This Is How You Prevent Inventory Stockouts
A stockout is a worst-case scenario when managing your inventory. Either the customer has to wait for a product or they leave and never come back again ...
Retail Sustainability Is More Than Just a Trend
More consumers are looking for retailers that champion their personal values. This feeling is not only coming from Gen Zers or millennials but has spread ...
Retail Trends for 2020
During the past year, the retail industry grew at a steady 4% rate, adding more than 1 million new brick-and-mortar stores. Amazon continues to gain ...
How to Become Better at Cross Selling
It’s no secret that cross selling can grow your revenue by 10% while increasing market share and improving productivity. Some major retailers have ...
4 Ways Retailers Can Be More Green
It’s not just GenZ and millennials that are looking for “greener” brands. GenX and Boomers also support retailers that try to make a positive impact ...
Here Are 6 Ways Small Business Owners Can Manage Seasonal Stress
With the holiday season getting closer, retailers across the country are preparing for their busiest time of the year. Getting ready for it takes a lot of ...
Here Are 5 Types of Customers You’ll Find in Your Store
Consumers are actively looking for brands that offer personalized experiences. One of the best ways to make their experience with your store more ...
7 Essential Tips for Hiring Seasonal Employees
With the holiday season upon us, it pays to have a plan on how to attract, hire, and retain seasonal employees. This is really important because holiday ...
How Your Employee Time Clock Has Changed for the Better
Some of us can still remember punching in at work. You had to line it up just right, so the time stamp hit the correct date. All of that has changed quite ...
Improving Inventory Management for Seasonal Changes
It’s no secret that seasonal inventory management for specialty retailers is not easy. And, to make matters worse, seasonal products are often seen as risky ...
13 Signs That You Need a Better Point of Sale
Point of sale (POS) solutions for specialty retailers have rapidly changed to meet the demands of new technology and consumer purchasing habits. If you ...
Managing New Hires to Reduce Turnover
For any business, big or small, it takes a considerable amount of time and energy to hire the right people. And then there’s all of that paperwork to get ...
10 Tips for Handling Employee Concerns
As a small business owner, your employees are one of the biggest assets for your company. They perform multiple tasks and assume more responsibility ...