Merchandising is the activity of presenting and promoting retail goods for sale. The term merchandising commonly refers to store displays and designing store layouts. Retailers use merchandising strategies to encourage customers to buy more products, which results in larger profits. Designing effective product displays is easier when you know which products are selling the best…
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How to Use Retail Data Analytics to Drive Sales
Retail data analytics is the measuring, tracking, and interpretation of data. For retailers, this data typically includes sales, inventory, employee, and consumer demand information. Retailers can gather this data through their point-of-sale (POS) system and harness it to determine best-selling products, top-spending customers, and highest-performing employees to improve sales and performance. Many point-of-sale (POS) systems…
6 Best Grocery Store POS System 2019
Grocery point-of-sale (POS) systems have all the features of a standard POS system, plus industry-specific features such as scale integrations, product expiration tracking, and detailed bar code management. These extra features typically come at a higher cost. We looked at dozens of POS systems to determine the best grocery store POS. Top 6 Grocery Store…
6 Best Spa POS System 2019
A spa point-of-sale (POS) system manages client transactions, sales data, and tracks customer information just like any other POS system would. A spa POS also has spa-specific features like appointment scheduling, online booking, and client-facing account management tools. The best spa POS systems include all of these features and start at under $100 per month….
6 Best Bakery POS 2019
Bakery point-of-sale (POS) systems have all the traditional functions of a retail POS system, like the ability to process payments, view sales reports, and customer relationship management (CRM) features. However, bakeries also need recipe management features and ingredient-level supply tracking. A system with all these features can cost $50 to $80 per month, per register….
6 Best Online Credit Card Processing Companies for Small Business
Online credit card processing companies allow you to accept payments on your website. The standard rate is 2.9%, plus 30 cents per transaction, but some offer lower rates. We considered a variety of online payment processing options and compared cost, point-of-sale (POS) features, and more to find the top six, and the best overall. Top…
Best Freight Brokers for Small Businesses 2019
A freight broker taps into a huge network of freight carriers to find you the best rate for your freight shipments. We looked at popular options FreightPros, uShip, and Redhawk Global to determine the best freight brokers by examining customer service, small business accessibility, price, and ease of use. claims our top spot for consistently…
How to Calculate & Increase Your Customer Retention Rate
Customer retention is the ability of a business to keep its current customers. Customer retention rates are measured by looking at how many customers are lost over a specific period of time. Customer retention is important because higher retention rates are an indicator of customer satisfaction, which typically leads to better sales. Having the right…
How to Get a Freight Quote: The Ultimate Guide
There’s more to getting a freight quote than entering your shipment’s size and weight into a freight carrier’s website. An accurate freight quote depends on many variables. If you get these wrong, your final charge could be far more than your original quote. It’s easy get to surprise bills and charges if you aren’t careful….
The Ultimate Guide to Credit Card Machines in 2019
A credit card machine is a device used to process in-person payments with a credit or debit card. It can be handheld and corded, portable, or attached to a point-of-sale terminal with a countertop cash register. Depending on the type of credit card terminal you choose, the cost ranges from $0 to $1,200. How a…
15 Retail Statistics for the Optimistic Business Owner
While many experts claim that “retail is dead,” the retail industry is evolving with the times into a new model that promises bigger and better things for consumers and businesses alike. These retail statistics show that the industry is as strong as ever, pointing to a great future ahead. 1. Globally, retail sales are expected…
How to Offer Customer Financing: In-house Financing Without Breaking the Bank
Offering customer financing at the point of purchase can boost sales, increase conversions, improve customer loyalty, and drive repeat business. When a small business offers customer financing, its average order size can increase by up to 120%. Plus, nearly two-thirds of customers make a future purchase of $500 or more in stores that offer financing….