As a retailer, it is not uncommon to experience a sales slump. What is important is knowing how to break out of that slump. Here are three simple methods any retailer can adopt to improve their sales.
Ecommerce is steadily rising in popularity these days. The increasing popularity of Ecommerce is definitely justified considering the benefits of Ecommerce over a traditional brick and mortar store. Here is a comparison of the benefits of brick and mortar vs Ecommerce for Retail businesses.
It costs more than 5 times to obtain a new customer than it is to sell to an existing customer. That is where customer loyalty comes in. With many benefits customer loyalty brings, you may be wondering how you can incorporate it into your business?
In a survey done in 2019, it was revealed that 3.59 million Singaporeans have purchased a product or service online. It is safe to say that Singaporeans have embraced online shopping. As a retailer, starting an online store is slowly becoming more vital to a business success.
Retail is a fast-paced and unforgiving industry with high turnover rates. Looking for a great employee can be challenging as the process of training and development of an employee takes time and effort. Here are some ways that you can consider when hiring a retail employee.
As of today, all non-essential retail stores have been shut down from April 7 to May 4 this year. This is due to the government’s “circuit breaker” measure. If you’re one of those affected, it is important to make sure you have locked up the stores properly. You should also take certain precautionary measures so that it’ll be easier to reopen once the lockdown is lifted.
The government has enrolled a stimulus package to tackle COVID-19. So here are some key takeaways for retail and F&B businesses.
Stock outs are always a bummer and a pain to deal with. When a customer requests an item and gets told it is out of stock. It leads to customers dissatisfaction as well as a loss of confidence in the business. This is because there is no proper monitoring and tracking of inventory.
No one wants to be suspicious of their own employee. However, it is not uncommon for situations like internal theft to occur. One solution many retailers are turning to is a modern POS system.
Point of sale simply refers to the interaction or transaction between a cashier and a customer. Today there are many different POS systems, each with their own unique benefits and drawbacks.