One of the essentials for a Retail Store is a modern POS System. POS systems have gone beyond just being a cash register, nowadays it helps out with inventory and sales reports amongst other things. So what exactly should you look for in a Retail POS System? Here is a short checklist of must have […]

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. Constantly Update Your Store Visuals The quickest and most cost effective way to improve your sales is to […]

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.  With increasing rental prices and retail becoming more competitive, many have looked to switch to Ecommerce to reduce cost. However there are various scenarios where brick and […]

It costs more than 5 times to obtain a new customer than it is to sell to an existing customer.  Statistics also show that existing customers spend up to 67 percent more than new customers. In this Digital Age, customers are now flooded with choices and there are no physical barriers to entry for consumers. […]

In a survey done in 2019, it was revealed that 3.59 million Singaporeans have purchased a product or service online. We’re talking about 64% of the Singapore population. 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. You do not want to have spent all those hours training an employee that is unable to perform As such choosing a […]

As of today, all non-essential retail stores have been shut down from April 7 to May 4 this year, 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 and take certain precautionary measures so that it’ll be easier […]

Investing in your business comes in many forms, from buying digital and technological solutions to improving your employees. However, improving your business usually requires heavy investment, especially technological solutions that highly increase efficiency. Thankfully, Singapore provides a wide range of governmental grants in order to encourage business owners to continually grow and improve their businesses. […]

ECONOMIC RESILIENCE 1) SME Go Digital Programme to be enhanced for more digital solutions, such as remote working tools. 2) Productivity Solutions Grants and Enterprise Development Grant maximum support level raised to 80% and 90% respectively. 3) 90% absentee payroll rates extended to all employers, for when they send workers for training. With the new […]

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.  However, stockouts still happen constantly in the retail industry even though they are extremely […]