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10 Product Management Best Practices for Retail Success
Product management is one of the most important operational concerns in retail. If you don’t manage your inventory effectively, you risk having tons of shrinkage and losses, which consumes your profits, spending countless hours searching for your products, and wasting time and resources on other activities that negatively impact your bottom line. Effective product management […]
10 Retail Merchandising Strategies to Increase Sales – ChainDrive
Retail is a tough game. Even the best retailers are challenged by competition and changing consumer needs. So, brands need to be successful in order to keep operating. One way to increase sales is through merchandising. This is the act of developing and distributing the products your business offers. Merchandising strategies will continue to play […]
Retail Operations: Key Components, Challenges and How to Improve – ChainDrive
Retail is a complex business that requires significant strategic planning to succeed. Operating a retail store or chain of stores can be challenging as it requires frequent evaluation and improvement. So, it’s more important than ever for retailers to ensure retail store operations are optimized, which means adopting best practices and technologies designed to achieve […]
Mobile Point of Sale (mPOS) System: 10 Benefits to Consider
Consumers constantly expect retailers to make their lives easier. This trend manifests itself not only in product innovation but also in the shopping experience itself. Retailers must continue to provide faster technology, better transparency to customers, and more accurate logistics and delivery to make customers feel like the shopping experience is efficient. Investments in retail […]
10 Ways to Foster Internal Communication Across Your Retail Chain
Retail chains where different levels of responsibility within the organization communicate with each other about critical business processes succeed and are managed more effectively than those that do not. The question is how to foster a culture of communication within your retail chain with the right integrated internal messaging software. It doesn’t matter what retail […]
Clienteling: Creative and Personalized Shopping Experiences
Clienteling is the art of building relationships with customers that lead to profitable and efficient retailing. Today’s customers are looking for a unique and personalized experience. Customer relationship management (CRM) and Loyalty programs are key areas where technology and innovation can be combined to deliver personalized experiences. Effective clienteling requires the right tools to facilitate […]