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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...

A “black swan event,” such as the one we are experiencing now with COVID-19, is an unpredictable crisis that has potentially severe...

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...

Most of the key performance indicators (KPIs) for inventory management focus on what’s in your warehouse and on your shelves. These KPIs...

Advances in technology allow small retailers to reach new markets and grow their footprint quickly. They become more efficient and productive when using...

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...

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...

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...

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...

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...

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 ...

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 ...

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 ...

It’s no secret that cross selling can grow your revenue by 10% while increasing market share and improving productivity. Some major retailers have ...

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 ...

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 ...

Consumers are actively looking for brands that offer personalized experiences. One of the best ways to make their experience with your store more ...

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 ...

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 ...

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 ...

Point of sale (POS) solutions for specialty retailers have rapidly changed to meet the demands of new technology and consumer purchasing habits. If you ...

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 ...

As a small business owner, your employees are one of the biggest assets for your company. They perform multiple tasks and assume more responsibility ...

As a retailer, you depend upon a wide-range of metrics to understand the health of your business. Inventory management has a lot of them, but...

A stockout will often happen to retailers when they haven’t fully developed their inventory management processes. It simply means that an item...