In today’s marketplace, it is harder than ever for a retailer to find where they fit in: what product line they should carry, who their target market should be or how to price their inventory.
If you are like many retailers, one of your greatest ongoing challenges is disposing of excess inventory.
You walk into a trade show and feel the buzz around you. The negotiations between buyers and sellers invoke the historical imagery of today’s modern marketplace.
Gone are the days when an eTailer must review, license, learn, maintain, upgrade and log into multiple systems to be able to accomplish all the tasks necessary to manage the business.
David Holt, president of Uboxes, the parent company to Starboxes, thinks many retailers are passing up a great chance to inexpensively brand themselves.
News flash! Americans are impatient! We don’t want to wait 30 seconds for our computers to boot up, or take five minutes to get out of our cars to get our Big Macs. We want everything fast, and that includes checking out at our favorite retail establishments.
If your shop requires forecasting of inventory and the placement of advance orders, it is time to review your Open To Buy methods (OTB). Open To Buy is necessary for retailers to control their inventory.
Every retailer has dealt with excess inventory in some capacity. You know, that purchase you were excited about, but your customers didn’t feel was a good deal? The one that has been sitting on the shelf getting price reduction after price reduction, but just isn’t moving? Many retailers walk away from such purchases and consider them a loss, but they don’t have to. The following solutions offer five ways to clear slow moving inventory, while creating marketing opportunities for your business.
When it comes to growing a retail business, everyone can use a little help. Fortunately, there are numerous apps, software programs and tools that can help merchants manage everything from inventory to staff. Below are five must-have tech tools for retailers.
By Adam Kinsey The modern retailer needs some technological prowess to maximize profits and efficiency. However, some of the most useful technology seems to be an unattainable mess of acronyms and jargon. Two types of management software a retail owner should consider using are ERP (Enterprise Resource Planning) and EAI (Enterprise Application Integration). These programs […]