Tag Archives: open-to-buy

Retail managers are tasked with coming up with solid plans that will carry their business to success every day. This can be a very difficult task from the get-go, but it becomes even more complicated when you realize that you must tweak your strategies based on the natural fluctuations of customer needs and interests. That’s Continue Reading

Managing a retail business means being able to ride through the ups and downs of the economy by carefully planning and optimizing your business. Being able to adapt to difficult and unique situations in the market is critical to ensuring your success and long staying power. In order to accomplish this, you’ll probably want to Continue Reading

Devising a strategy for success is crucial to running a retail business. As the retail manager, you need to come up with a specific plan that targets the needs of your specific situation. You should take into consideration the needs of your customer base, the nature of the products you’re selling, and the competition in Continue Reading

Clothing and apparel stores are some of the most popular retail businesses in the market today because they provide customers with much-needed products. The ability to display a wide range of clothing and accessories in-store combined with special offers like sales, contests, and other programs that benefit the customer helps create an optimal retail environment. Continue Reading

Retail businesses are charged with the task of coming up with competitive business models to keep up with other stores in their regions and to make a name for themselves that will last. Unless you’re operating a specialty retail location that sells exclusive products, you will almost always have some form of competition that’s trying Continue Reading

One of the trademark features of success for retail environments is the ability to maximize sales through efficient planning. Being aware of your products, their stock, placement, and pricing, and having them arranged and prepared in such a way that you get the most out of every day your items are on the shelves is Continue Reading

Looking at a spreadsheet or database full of numbers and figures can be confusing. Not only is it harder to digest in your mind, but it’s harder to pinpoint specific information quickly. And when you’re running a retail business in a competitive market, speed is crucial to everything that you do. That’s why you need Continue Reading

One of the fundamental practices of any successful retailer is the optimization of product shelving and pricing in relation to the season or other time-related factors. You won’t be selling a bunch of snow shovels in July. These ideas are especially relevant to stores that deal specifically in seasonal or periodical products, such as sporting Continue Reading

Many businesses and departments dealing in large amounts of data have traditionally used programs like Microsoft Excel to organize, analyze, and produce relevant information concerning the performance of their retail location(s). While Excel certainly has the capability to accomplish a wide range of analyses and actions, it can have a steep learning curve and you’ll Continue Reading

A successful retail business hinges on your ability to accurately analyze data from the past and incorporate it into plans for the future. In today’s competitive market there is simply no room for you to “wing it” or make uninformed decisions about pricing, stocking, and other planning-related choices. ChainDrive’s retail management software package comes equipped Continue Reading