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.
If you’re a minimart owner, you’ll realise the current industry isn’t as kind as it was decades ago. Large companies like Fairprice, Sheng Siong & Cold Storage are seeping into the heartland area which was once considered minimart territory. With these big players everywhere, minimarts are facing very stiff competition.
If you’re an F&B owner, having a Restaurant Management System (RMS) should be at the top of your priority list. Almost all modern day restaurants or cafes heavily utilise a Restaurant Management System to manage their business.
With the rising trend of food delivery apps, Quick Service Restaurants (QSR) are emerging all over Singapore. Customers have grown used to receiving fast and efficient service. As such, in order to maintain a steady flow of customers, the food industry needs to adapt to the current pace of business as well.
