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Retail business intelligence is the collection and analysis of key data that retailers can use to impact revenues, profits, and effectiveness. It primarily involves three key components: Collecting the right data Delivering that data...
As a home decor retailer, you’ve got additional challenges. Ordering product is a little bit different than, say, book store retailers and shoe merchants. Most of your inventory is larger, bulkier, and requires more...
Retail key performance indicators (KPIs) are important metrics. They help retail managers understand their customers, business, and revenue situation better. If you want to run a profitable retail operation, then keep an eye on...
No matter what kind of retail store you manage, flexible planning is essential to profitability, better customer service, and effective retail operations management. Here are four distinct ways to make your retail open-to-buy planning...
Jewelers are unique among retailers. There are several characteristics of jewelry retail stores that make them unique in the retail sector. Here are four unique qualities that jewelry retailers have that your typical retail...
As a retailer, you need to make hard decisions in 2019. How do you maintain foot traffic in your retail stores? How do you increase revenues across all of your channels? How do you...
Retail is no longer strictly a brick-and-mortar business. No matter what kinds of products you sell, from children’s toys to services, you will undoubtedly have some customers who want to buy from you online....
Earlier this year, J.C. Penney announced it wanted to make its department stores smaller. We can understand why. There are a lot of pressures pushing back against large department stores. Here are just a...
Supply chain management for retailers is a topic that deserves more than a single blog post, but it does bearing mentioning that you should be controlling your inventory rather than your inventory controlling you....
In retail, product management is one of the most important operational concerns. If you don’t manage your inventory effectively, you could have tons of losses, which eat into your profits, spend countless hours looking...
