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 […]
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 […]
Top Tips for Visual display for Retailers
Visual merchandising is an important part of running a successful shopfront. After all, your displays are the key to grabbing the attention of passersby and turning those people into customers. But you are a business owner, not necessarily a designer or artist; so how do you employ visual merchandising to attract more customers? Use these […]
Why Customers Quit Your Business
Do you work hard enough to build loyal and long lasting relationships with your customers ? Sometimes customers quit your Business. If you don’t know why, then this article might help. The good news is that you may have more control over customers quitting than you think. Read on for the hard facts why customers […]
6 Management Tips for Retailers
Many times managers and independent retail owners are pulled and pushed in dozens of ways because of the nature of the business. As a result managers and owners can become overwhelmed by multiple demands resulting in not moving the business forward. It’s essential to focus on what’s important in your business and here some tips […]