6 tips to drive stock turnover
6 tips to drive stock turnover A retailer who turns their stock over quickly is a successful retailer. Fast turning stock is lean and focused with a continuous flow of new merchandise and irresistible displays. So if you want to improve your business´s performance try implementing these top tips. 1. Buy more frequently. Frequent buying […]
7 tips to prevent shoplifting and employee theft
Shrinkage can be a huge problem in the retail trade. Supplier fraud, employee theft and shoplifting can all destroy profits. Here are a few ideas to help stem the problem. 1. Get your staff on board According to research, only 27% of shoplifters plan their crime in advance. You can help them to resist the […]
Cashflow – The life blood of every Retailer
Cash flow. If there is one thing that will keep you awake at night, its cash flow. It really is the life blood of any business. Because without it, there is nothing. When the cash is flowing, the business has a future. But when its in short supply, life can look so bleak. So where […]
10 Ideas for your Shop Window Display
A shop window’s function is to create interest. This is where stores have the chance to use shop window display to highlight their personality and individuality and call attention to them. It’s been said that the eyes are the windows to the soul, and in retail, the store’s eyes are its windows. Good window displays have a […]
Eights Ways to Increase Footfall to your Store
Driving foot traffic to a bricks-and-mortar store may seem something of a lost art, but it’s no less critical to the health of your business than it ever was. Here are eight tips to get your front door swinging. 1. Have a grand opening. Planning on opening a business in the near future? Make Day […]
5 Ideas to Get Your Shop Back off the Floor
If you feel you are one of many Retail outlet owners not making a lot of money in your retail operation, and you do not enjoy enough demand for your store to be highly profitable, whether you are the owner of a single-unit, a franchisee or a C-level executive of a chain, you don’t want […]
5 benefits of Good Inventory Management
Inventory management is a good practice for any company. If you are not keeping a watchful eye on your inventory or counting stock regularly, you are setting yourself up for potential inventory errors and challenges. Proper inventory management really can make or break your business! Keep the following benefits in mind as you weigh the […]
Retail Customer Loyalty Tips
Retail Customer Loyalty Tips One of the keys to maintaining a thriving business is a steady customer base. A successful company typically sees 80 percent of its business come from 20 percent of its customers. Once a shopper enters your store, they’re in the perfect setting to enjoy everything that sets you apart from competitors […]
Why your end of year stocktake is so important
Why your end of year stocktake is so important Regular stocktaking is one of the best things you can do to keep your business in the best possible shape. It provides an instant snapshot of how your business is doing and helps you avoid any unpleasant shocks at the end of the year when your […]
Boost your Christmas sales with these tips
Boost your Christmas sales with these tips Christmas is one of the busiest season for Retailers and this year it seems to be very promising. Consumer confidence is growing as well as retailers’, as a reflection of the lift in the Irish economy. Research from Barclays’ Irish arm stated that more than 68% of surveyed […]