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Start Using These 6 Essential Inventory Metrics
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...
Here’s How To Prevent Stockouts
A stockout will often happen to retailers when they haven’t fully developed their inventory management processes. It simply means that an item...
10 Ways to Optimize Inventory Turnover
Managing your rate of inventory turnover can be a major challenge for any retail business. Low turnover rates mean that holding costs are taking....
Retailers, Here’s How To Prevent Theft
Theft can be one of the most costly problems for specialty retailers. Shoplifters aren’t the only ones you have to look out for because your employees...
What Is Inventory Shrinkage?
You’ve got inventory management down to a science. You gather data and analyze the trends, but inventory shrinkage always seems to be an obstacle. So...
8 Ways Retailers Can Attract More Attention
Competition in retail gets tougher every year. Changes in technology and how people communicate have made it even more difficult for small businesses...
Don’t Forget These Year End Reports
While the holiday season is in full swing, another fiscal year is quickly coming to an end. It’s that time of year, again, to close out your books, so you can have a...
This Is The New Retail Experience
When it comes to retail marketing, the latest trend is experiential marketing. It combines fun and engaging activities with recent advances in technology...
Don’t Make These Pricing Mistakes
We see it every day when we go to the grocery store. Some products are priced much higher than others, yet they are practically the same thing. The difference is...
Here’s How To Create the Best In Store Experience
Even with Amazon hitting all-time highs, 94% of all purchases are still completed in store. The biggest reason for this is that consumers want to see, feel...
How To Run a Great Clearance Sale
Putting items on clearance does more than simply move poor performing inventory. Clearance sales can attract bargain hunters that are typically new customers...
6 Advanced Inventory Metrics You Can’t Ignore
To run a successful retail business, your company needs to be running as efficiently as possible. Any mistakes or missteps could result in lost revenue and profits...
How To Recognize Self-Doubt and Manage It
It’s natural for everyone to feel a little self-doubt. Even successful entrepreneurs have moments of sinking confidence when a challenge presents itself...
Entrepreneurs: Follow These Simple Steps to Avoid Burnout
Small business owners work hard to make their dreams become reality. They are entrepreneurs, so they are naturally driven to succeed. They are also...
6 Ways to Liquidate Surplus Inventory
A common problem for retailers is getting stuck with surplus inventory, often caused by unforeseen market shifts, new technology, or optimistic forecasting...
Here’s Why Cycle Counts Are Better
Retail business are open to greater risk when taking physical counts on an annual basis. Compared to cycle counts, annual counts are less accurate and interrupt...
Easy Labeling for Your Customers and Employees
Every retail store has a flow of customers with traffic patterns and the proper placement of top-selling products can drive more sales. But this requires...
6 Ways to Avoid Bad Business Decisions
Everyday, retailers make hundreds of small decisions regarding their business. They also have quite a few major decisions that may affect its health and...
7 Strategies to Increase Cash Flow
Retailers need to make cash flow a priority or else feel the negative effects of a cash crunch. This means digging deeper into sales and operations to reduce...
Multitasking: Is It Really Worth It?
Today, more than ever, our lives are being pulled into a million directions. That’s why we develop skills to help meet the demands of our modern lives...
Small Business Owners: Here’s How to Stay Motivated
Sometimes it’s hard to stay motivated when running a small business. Temporary setbacks and exhaustion increase stress levels, which leads to complacency...
5 Ways to Become a Better Project Delegator
One way to reduce your workload and free-up time is to delegate many of your less important tasks. We all know that project delegation is important...
5 Tips for Teaching Soft Skills to Your Employees
Yes, teaching soft skills is possible, especially if your employees are eager to learn. The hardest part is taking the time to mentor them. But, if you do take...
Here’s How Your Business Can Get Involved in the Community
Many small retailers have little time to spend away from their business, especially when they get started. Their everyday tasks may keep them from expanding...
Automated Point of Sale: 10 Disadvantages of Using Spreadsheets
Surprisingly, 46% of small businesses use a manual inventory control system. The disadvantages of a manual system greatly outweigh the advantages...