by Nauman Poonja Succeeding in business is not only about a great idea and the right product — it is also ultimately about making money, and making money means managing the books. However, just “keeping the books” is not enough to make sure a business’ financial “house” is in order. Too often, independent retailers miss […]
management
Establishing a Durable Business Post Pandemic
by Chelsea Lamb Thousands of small businesses were forced to shut down at the start of COVID-19, but this has not kept new business applications in the U.S. from reaching a 13-year high. What has motivated all of these entrepreneurs to launch new ventures amid an economic crisis? Along with the fact that many of […]
What Retailers Can Learn from the COVID Vaccine Rollout
by Ravi Pratap Rolling out new vaccines for a new disease with an ASAP timeline is no small feat, and yet state and federal governments are making it happen. One component of their success so far is the QR (quick response) code, that square grid that can be often seen on labels and advertisements in […]
Strategically Grow Your Private Label with Science-Based Pricing and Promotions
by Cheryl Sullivan Independent retailers have struggled against proliferating online and brick-and-mortar competition for years. The pandemic only heightened the unpredictability of the fast-changing customer, competitor and shopper behaviors, as well as supply chain disruptions. The Imperative for Science-Driven Pricing and Promotions Fortunately, indie retailers continue to adopt science-based lifecycle pricing (which includes prices, promotions […]
3 Shipping Mistakes Costing Independent Retailers Money
by Luke Kupersmith Modern consumers are savvy. They are better informed than ever before, and they know more about what they want to purchase prior to setting foot in a store or visiting a retailer’s website. Social media causes the demand for some products to feel sudden. The need to create a memorable customer experience […]
The Benefits of Touch-Free Payment Systems
The COVID-19 pandemic has drastically changed the way consumers shop and pay for goods. Between buy-online-pickup-in-store, mobile, and tap-to-pay payment options, the checkout experience has become so frictionless that many experts believe this will be the way of the future post-COVID. The majority of retailers have adopted a checkout-free payment system or are currently in […]
Technological Solutions Help Retailers Ensure Integrity in “Last-Mile” Delivery
by Jeanae DuBois During the last six months of 2020, retailers were forced to meet customers where they were at – online at home. Retail spending increased more than 36 percent (a leap from 13.8 percent in 2019) as shoppers moved online. Forecasters say these trends will slow down, but not go away, as the […]
What Small Businesses Should Know About Microsoft Cloud
by Shannon Flynn Use of the cloud has exploded in the last decade and has become a normal part of doing business. Despite its popularity, transitioning to the cloud may be a challenge for small and medium-sized brands — however, Microsoft Cloud for Retail is changing the landscape and helping to highlight the benefits of […]
How to Prepare for Shipping & Supply Chain Challenges
The COVID-19 pandemic has caused a huge transformation in the shipping and supply chain industries. Since most consumers have been trying to stay safe at home, they have been shopping online and significantly increasing the amount of packages being shipped. This boost in ecommerce shopping is putting added weight and pressure onto shipping carriers and […]
Amazon Management Made Easy with Cogimetrics
Fulfilling orders on Amazon has become a hot topic for ecommerce. Years ago, storage at Amazon was free, rates were ridiculously low, and there was no limit. Now, storage at Amazon is very costly and retailers are further penalized for storing products that are not generating commission for them. The Ultimate Hybrid Model to Help […]
