Purchase Orders Explained: What Retailers Need to Know
A purchase order (PO) is a document that vendors use to order products from suppliers. For retailers, POs improve budgeting, inventory ordering and management.
View ArticleRetail Return Policies: Your Guide to Returns and Free Shipping
A solid retail return policy, along with a carefully calculated free shipping threshold, will benefit both your customers and your business. Keep reading for your complete guide to returns and free...
View Article2024 State of The UK Hospitality Industry: Data That Brings Innovation
From global shutdowns and economic downturns to severe staff shortages and disruptions in food supply chains-it’s fair to say that the hospitality industry has faced an outpour of difficulties over the...
View Article7 Types of Inventory and Sales Reports to Use in Your Retail Store
Reporting and analytics are essential to any retailer because they tell you exactly what’s going on in your business. Analysing your data correctly enables you to make well-informed decisions around...
View Article37 of the Most Successful Small Town Business Ideas
While small towns might not have the same foot traffic as big cities, they can still be bustling with activity and can be the ideal starting point for a myriad of different businesses. Another great...
View ArticleWhat is Experiential Retail? An Inside Look
Technology has changed the way we shop forever. When we can buy whatever we want, wherever we are, with the click of a button. The idea of the retail store’s purpose has also changed. While it once...
View ArticleWhat is a Barback? Their Role and Duties Explained
Bartenders may be the ones chatting up customers, taking orders with the point of sale system and making drinks, but there’s another role that’s helping to keep service running smoothly behind the...
View ArticleHow to Set Up a POS System: A Step by Step Guide to Getting Point of Sale...
As a retailer, your point of sale (POS) system is arguably the most important tool that you have. Your POS system makes ringing up sales possible, allowing you to complete the checkout process with...
View ArticleWhat is Cash Flow Management? How Retailers can Improve Cash Flow
Cash flow is the amount of money that is coming in and out of your retail business. Proper cash flow management ensures your business stays in the black.
View Article16 Retail Marketing and Advertising Ideas
Retail marketing helps your business expand its reach, connect with customers, nurture relationships and tell your brand story. It can also be used to differentiate yourself from your competition....
View ArticleRetail Store Daily Checklist: What to Do Before Opening Your Retail Shop
Do you run a retail store? Here’s a handy retail store daily checklist to start each workday on the right foot.
View Article5 Ways to Increase Revenue with Restaurant Analytics
Learn about 5 metrics you can measure to boost traffic, revenue and customer satisfaction using the restaurant analytics in your POS.
View ArticleDemand Forecasting 101: Using Data to Optimise Inventory
Having too much stock on hand is a financial burden on your retail business. Slow sales means less ability to cycle in newer inventory that does land with your customers, because your revenue is tied...
View ArticleSoft Openings: Why Should Restaurants Have One?
A soft opening is an unofficial launch that lets restaurants test their menu and service with customers, gather feedback and make improvements before officially opening.
View ArticleThe Future of Retail: How Attitudes are Changing with 2024’s Rising Costs
What’s making Britain’s shoppers tick? In what seems like a never ending stream of economic uncertainty, from the cost of living crisis, potential tax increases, and recessions, the British shopper...
View ArticleSocial Commerce: How to Turn Your Social Feed Into Sales
It’s more important than ever to have multiple sales channels for your retail store, and social commerce can help. Get started with our guide.
View ArticleHow to Manage Seasonal Trends in Retail throughout the Year
Predicting trends in retail can feel like finding a needle in a haystack. You need to be able to anticipate what’s coming up in order to prepare for the year ahead, whether that’s because you’re...
View ArticleMerchant Cash Advances: Common Questions from Businesses Seeking Cash Flow
Access to capital is one of the most significant barriers that small businesses and even growing businesses face. That’s why as an entrepreneur, it’s essential to understand the ins and outs of all the...
View ArticleWhat is Sell-Through Rate and Why is it Important?
Sell-through rate is an essential metric retailers use to predict demand for a product, purchase the right amount from suppliers, avoid discounting and maximize profits.
View ArticleSKU Numbers Explained: How Retailers Can Use Them to Track Inventory and Sales
For business owners with physical inventory, SKU numbers are critical for managing inventory and maximizing sales.
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