Brigitte Korte

If you are sitting on excess inventory that you need to get rid of, you are not alone. According to a study from McKinsey, in just the US, retailers have more than $740 billion worth of unsold goods. In the face of all this excessive inventory, the answer many retailers are looking to is liquidation….

Lingering economic uncertainty and several years of supply chain disruption are among the reasons retailers across the country are finding themselves with excess inventory. In fact, a new study found that 27% of businesses are looking to sell overstock inventory on secondary markets. The dilemma of how to sell excess inventory is not new but…

Subscription box businesses are gaining popularity as new subscription companies pop up and existing retailers start incorporating subscription services into their business models. In fact, the global subscription box industry was valued at $26.9 billion in 2022, and between 2023 and 2028, the market is projected to grow to $74.2 billion. In general successful subscription…

A subscription business model is a type of business where customers subscribe to goods or services, pay for them at a set recurring rate, and then receive them on a certain cadence. I am confident when I say that everyone reading this article is a customer of a subscription business. Do you have your trash…

eHopper is ideal if you are looking for a point-of-sale (POS) system that will support surcharging and cash discounting so that you can save on costly processing fees. Additionally, with tools for managing items by weight and perishable management, it is a great solution for specialty markets. In our 31-data-point evaluation of the best POS…

Foot traffic refers to how many people walk past, around, or through your store. Measuring foot traffic helps you understand the pedestrian activity in your area, peak traffic periods, local demographics, and the efficacy of your store initiatives. Studying foot traffic in an area before you open your store can help you choose the best…

Creating and sticking to a retail budget is imperative to the success of your business—it will help you predict sales, optimize purchasing, understand costs, and prevent overspending. Here, we will go over how to budget a retail business in six steps, which includes gathering and analyzing data, creating sales and cost budgets and a profit…

According to a widely reported stat, returning customers spend 67% more than new customers. To keep your customers coming back and boosting your sales, consider implementing a customer loyalty program that will reward shoppers and encourage their retention. This article explores 13 customer loyalty program ideas you should consider when starting your retail business or…

In today’s competitive landscape, retailers need functionality beyond simply ringing up sales and processing payments. Retail point-of-sale (POS) systems must also have robust inventory management tools, multichannel sales management, streamlined CRM features, staff management, and reports and insights into which products and employees perform best. The best retail POS systems should offer all these functions…

A shopper profile describes the shopping behaviors, preferences, and buying habits of a customer or set of customers. Essentially, everyone shops differently and, thus, has a different shopper profile. Maybe one customer enjoys browsing slowly, and another sticks to a list and is in and out. Shopper profiles identify different types of shoppers and what…

Klarna is a buy now, pay later (BPNL) service that offers customer financing for both in-store and online retail purchases. It is available in 31 countries and has its own marketplace with over 147 million shoppers and a mobile app for completing purchases on the go. Klarna is a good fit for businesses of any…

Perhaps you didn’t consider expansion when you first started your retail business—it can be intimidating to think about growth when you are just starting. However, retail expansion doesn’t have to be overwhelming if you approach it strategically. This guide will walk you through everything you need to know when considering retail expansion—from determining when the…