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…
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Top 25 Essential Retail Skills for Successful Employees
Employees are the lifeblood of a retail store, so stores benefit most from having high-performing sales staff. Business owners should look for employees who are adaptable, dedicated, customer-oriented, highly trainable, and possess leadership qualities to perform well in their roles. We asked experts to share their ideas on the most important skills in retail. Here…
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…
Top POS Marketing Ideas to Maximize Sales
Point-of-sale marketing is a promotional strategy where products are placed right before check out to motivate customers for a last-minute purchase. In ecommerce, POS marketing includes cross-selling and upselling at the shopping cart or checkout stage online. This article features point-of-sale marketing ideas, as well as tips to improve your POS marketing game. Offering a…
6 Best Free Appointment Scheduling Software 2019
Free appointment scheduling software can be hard to find, but there are some basic software systems or limited versions of larger scheduling software that are suitable for individuals and small businesses. We looked at free appointment scheduling software that lets businesses schedule and track appointments, accept online client bookings, and send appointment reminders. Top 6…
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….
Examples of Great Restaurant Logo Ideas
A great restaurant logo will make your business memorable and attract customers even from afar. With so many dining options to choose from, you want to make sure that you have a logo that helps you stand out next to competitors. This article features restaurant logo examples and tips on how to design your own….
6 Best POS Inventory Systems 2019
Point-of-sale (POS) inventory systems are software tools used by retailers and restaurants to process customer sales and track product or ingredient stock levels. Most POS inventory software has tools to ring sales, count inventory, and provide basic reports. The best POS systems also streamline product purchasing at prices starting at less than $100 per month….
SKU Numbers: What They Are & How to Set Them Up
A stock keeping unit (SKU) is an alphanumeric code that identifies a product and helps you track inventory for your retail business. You can create SKU numbers manually or using inventory management or point-of-sale (POS) software. SKU numbers print on your product label along with the product’s universal product code (UPC) and other product information….
6 Best Bar POS System 2019
A bar POS system is a software program that processes transactions and provides sales reports. Bars specifically need a POS system that can pre authorize credit cards, manage bar tabs, and track inventory based on drink sales. The best bar POS systems are also user-friendly and cost less than $100 per month per register. Top…
What Is Bait & Switch? Definition, Legality & Strategies
Bait and switch is the action of advertising goods for a discounted price, with the intention of selling customers a different product. Customers are “baited” into stores with promises of a good deal. However, when they arrive, the advertised goods are not available, and businesses “switch” to a lesser quality or more expensive alternative. How…
10 Best Merchant Services Providers for Small Business 2019
Merchant services allow businesses to accept credit and debit card transactions in-person or online. Many merchant service providers also offer payment processing tools such as payment gateways, point-of-sale (POS) systems, and card-reading hardware. We evaluated dozens of popular providers to identify the best merchant services for small business. Top 10 Merchant Services for 2019 How…
