Tag: retail business

January 24, 2024

Every retail business has inventory, but some stores are more complicated than others. And it can take a lot of trial and error before mastering inventory management systems. Consider the bike shop: in the sales department alone, there are all […]

January 22, 2024

So, your retail business is successful. You’ve reached a place where your company is stable and profitable. With things going well, you might be asking yourself how you can take your business to the next level. If so, then you’re […]

October 5, 2023

Store management is at the core of a shop’s operations. It touches every aspect of running a retail business, from putting stock on the shelves to hiring staff and setting up attractive displays. It’s a collection of daily tasks and […]

April 21, 2023

Unless you’ve been doing business under a rock lately, then you know that Mother’s Day is only a few weeks away. And while it isn’t as huge as the Christmas holidays or the back-to-school season, Mother’s Day is still considered […]

January 27, 2023

The business models of many retail businesses have been unsustainable for years and all it took was the pandemic to make that undeniably clear. Pandemic and post-pandemic complications have caused many businesses to experience “inefficiencies, stress and fatigue,” making it […]

December 19, 2022

In this day and age, it’s nearly impossible to run a successful retail business without also selling products online. Having a clear and up-to-date shipping policy is essential for running your ecommerce site. A shipping policy helps manage customers’ expectations […]

October 25, 2022

Getting up to speed with key retail costs can be the difference between growing and grinding to a halt. Enter your Cost of Goods Sold. For anyone planning to start a new retail business, this article will give you a […]

October 6, 2022

The click & collect industry will be worth $42.4 billion in 2022, which makes up 8.4% UK of the UK’s total retail spend, according to new data from Barclaycard. Its new “What’s in store for retail?” report, which focuses on […]

July 14, 2022

Amazon has said it will refrain from using sellers’ data for its own retail business and offer concessions to end an investigation an antitrust investigation, according to EU regulators. The US ecommerce behemoth also said it would treat its marketplace […]

June 16, 2022

Whether you run a brick-and-mortar shop, an eCommerce site or both, getting a grip on how your retail business is performing is key to pulling through. When it comes to performance, numbers don’t lie. Are you at a loss with […]

May 10, 2022

Taking a proactive approach in planning for and responding to severe weather volatility will help safeguard any business’s reputation — and long-term growth potential. That said, a common concern in the retail and hospitality space is how to efficiently maintain […]

May 6, 2021

It’s a tough world for an office supply retailer. Competition with big-box generalists and online players, especially Amazon, have taken a toll on both Office Depot and Staples over the years. A physical retail business could complement a B2B unit […]

April 1, 2021

Humans have been dynamically evolving the concept of loans and credit in commerce for hundreds of years — culminating in the explosion of consumer credit cards in the 20th century. However, the practice of using credit is gaining traction even […]

February 4, 2021

Nordstrom shares tumbled Thursday as the department store chain delivered a disappointing sales outlook for the year, and said it plans to shift more of its business toward off-price. Nordstrom said it expects revenue to rise more than 25% in […]

February 2, 2021

In the past several months, continuing a practice begun with the 2016 acquisition of teen apparel retailer Aeropostale, Simon Property Group acquired a slew of retailers. In a way, bankruptcy courts last year served as shopping centers of a sort […]

January 25, 2021

Imagine that it’s the first week of January 2020 again. Justin Bieber has a new song. Impeachment is the talk of Washington, D.C. There is news of a flu-like virus outbreak in China, but unless you’re an epidemiologist or travel […]

July 28, 2020

As retailers take precautions to a new level to try to welcome shoppers safely back to stores, consumers are still wary of returning to bricks-and-mortar retail, a new survey says. Thirty-two percent of people feel unsafe or very unsafe visiting […]

July 11, 2019

Repeat customers are good for business. Repeat returners? Not so much. While returns are a natural part of the retail business, some customers take it to another level. Whether their motives are fraudulent or simply fickle, serial returners impact your […]

August 16, 2017

RFID (radio-frequency identification) technology has taken the business world by storm, especially in the retail world where it enables companies to improve efficiency, increase sales and provide better customer service. If you’re thinking about implementing this productivity-enhancing technology in your […]