Category: Retail Management Software

clienteling

Clienteling By The Numbers

Successful clienteling is not something that happens by accident. Retailers must strategize their customer relationships and get intentional about building them “from the ground up.” If you get this part of retailing right, you’re...

wholesale management

4 Ways Wholesaling Differs From Retailing

Wholesalers have a special mission in the pantheon of consumer goods movement. The business model is different than that of retailing. If you’re going to be a successful wholesaler, you need to understand how...

department store operations

Decentralized Service for Department Stores

There is a big push in some circle to “decentralize” operations. This typically is spoken of in reference to department stores, but refers to some aspect of blockchain technology or some crypto-something lingo. The...

POS lending

How POS Lending Increases Revenues

In February 2018, American Banker said point-of-sale (POS) lending was “hot.” It’s not any less hot now than it was then. With FICO scores at an all-time high, American consumers are poised to be...

price optimization

Optimize Pricing Throughout the Product Lifecycle

Price management involves more than just changing prices for Christmas and changes of season. It’s an ongoing retail operations task that is best done by a long-term strategy in mind. If you want to...

pos

5 POS Realities Every Retailer Must Face

Retailing without a point of sale is like flying a kite without a string. You need a location where you meet the customer face to face to take of the details of the transaction....

retail analytics

6 Characteristics of A Good Retail Analytics Report

Retail analytics are a necessity in today’s omnichannel environment. With e-commerce having achieved maturity and growing in importance every day, retailers of every stripe and size are realizing the importance of tracking key performance...

payroll integration

Integrated Accounting Functions With Payroll

If you use a third-party payroll services provider, you can integrate your accounting department’s functions with your payroll provider so that sales commissions, expenses, and taxes can all be accessed by your third-party provider...

retail budgeting

5 Common Retail Store Budgeting Challenges

Retail budgeting has its challenges, but all of them can be overcome with the right solution. Here are five common challenges to effective store budgeting and the solutions that go with them. Spreadsheets –...

retail forecasting

4 Things to Forecast for Better Retail Planning

Every retailer struggles with accurate forecasting. How many of a particular product should you order? How much should you spend on merchandising for a particular season? Which trends will dominate next year? These are...

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