Retail store inventory management is about stocking products buyers want, pricing and promoting to sell those products at a profit, and maintaining stock levels that meet demand without over-purchasing. As a retailer, you know that your merchandise is the crux of your business, so creating an accurate and efficient system to manage products will play…
Ecommerce
50 Payment Trends & Statistics to Know (2024 Edition)
Learn about key payment statistics around consumer preferences for speed and convenience, including a decline in cash use and an increase in mobile and contactless payments. Payment trends and technologies like buy now, pay later (BNPL) and innovations across traditional payment channels like live chat and messaging platforms have also mushroomed into the mainstream. Below,…
AI in Retail: Ultimate Small Business Guide
Artificial intelligence (AI) is technology that employs machine learning and automation to make decisions and solve problems like a human would. This technology is more common than ever in the retail landscape, with online chatbots, AI-driven inventory and vendor management, and marketing materials and shopping experiences personalized by the technology. The AI wave won’t be…
31 Ecommerce Statistics to Know in 2024
The 2024 ecommerce landscape is shaped by new growth projections, changing consumer behaviors, emerging demographics, and the ever-increasing role of social media. Ecommerce trends shaped by the pandemic and economic uncertainty are here to stay—including ecommerce as a growing percentage of retail sales. We’ve compiled 31 ecommerce statistics—broken into seven categories—to help you learn more…
How to Use Square Inventory Management (+ Video)
Square’s inventory management features let you create and import items, edit variants, and adjust quantities—all from a single dashboard. Square inventory software is hosted within the larger Square point-of-sale (POS) system, which is free to use with any Square account. The POS can be accessed both through your browser and via the free Square POS…
8 Best Fulfillment Companies for Small Businesses
The best fulfillment companies handle receiving, shipping, and all the logistics in between at affordable costs, while providing retailers with transparency into their stock.
To find the best fulfillment companies for small businesses, I evaluated more than a dozen providers, grading them against a 23-point scale I developed that factored in pricing, features, specialty services, ease of use, and real-world user reviews. Based on my evaluation, I recommend: : Best overall warehouse and order fulfillment services : Best for…
The Ultimate Guide to Temu Dropshipping
Dropshipping can be a low-cost way to start selling online as you don’t have to worry about holding physical inventory. A third-party manufacturer or wholesaler handles product development and order fulfillment. With the availability of several suppliers and tools, Temu is one platform that is piquing dropshippers’ interest. Temu is appealing and highly popular because…
Best 3PL Companies
We review the best third-party logistics (3PL) companies based on services offered, value, scalability, and feedback from business owners.
Third-party logistics (3PL) companies provide outsourced logistics services, such as order fulfillment, shipping, freight distribution, and import/export. The best 3PL services ultimately help optimize your supply chain and scale your business. Based on our evaluation, the best 3PL companies for small businesses are: : Best order fulfillment & ecommerce 3PL : Best for special product…