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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...

Managing your rate of inventory turnover can be a major challenge for any retail business. Low turnover rates mean that holding costs are taking....

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...

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...

Competition in retail gets tougher every year. Changes in technology and how people communicate have made it even more difficult for small businesses...

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...

When it comes to retail marketing, the latest trend is experiential marketing. It combines fun and engaging activities with recent advances in technology...

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...

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...

Putting items on clearance does more than simply move poor performing inventory. Clearance sales can attract bargain hunters that are typically new customers...