Inventory Management, POS and Retail news and insights.
If you want your retail store to thrive, you’ve gotta focus on the numbers. As in bottom line revenue, and more importantly, profit margins. As we all know, you can have massive revenue numbers but if your costs are too high your business will crumble from the inside out. That may be a little […]
“In some cases, the place – more specifically the atmosphere of the place – is more influential than the product itself in the purchase decision. In some cases, the atmosphere is the primary product.” -Philip Kotler When it comes to driving sales in a retail store, ambiance matters. There’s no doubt about it – a […]
Working as a retailer can be a grind. You’re the boss, and while it’s great to have processes, teams, and other things set up to minimize your business’s reliance on your personal time and energy, it’s not always possible to get away from things. That can result in your work/life balance being pretty hectic, and […]
These books are essential for upgrading your business intelligence Knowledge is power. This applies to all walks of life – and especially to the brick and mortar retail world. With stiff competition at every turn (both online and off), you need to be at your most powerful to give your business the best shot of […]
Apply these 7 effective habits and improve your business! Every smoker knows that changing bad habits is a difficult task. Stephen Covey, the author of “The 7 Habits of Highly Effective People,” also knows that changing your habits is vital for becoming a successful person. But what about retailers? Can retailers change their habits […]
Retail strategies you can copy from the corporate giant When it comes to retail stores, the figurative elephant in the room is Walmart. This ubiquitous American super chain seems to have a megastore in every suburb of America. Some people hate Walmart, pointing to their notoriously low wages and history of driving mom and pop […]
