How to Scale Your Operations from Regional to National

Many growing businesses reach a point where they start to outgrow their current market. Perhaps you’ve already managed to capture a large chunk of customers in your local area. Maybe your regional business has grown to become the top choice in your category. Whatever the case, you may find yourself exploring the possibility of expanding … Continue reading How to Scale Your Operations from Regional to National

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2020 Year in Review- 7 Essential Lessons for Retailers

Twenty-twenty has been a tough year for businesses. Between murder hornets, forrest fires, racial strife — and who could forget — a global pandemic, many businesses took a huge hit this year. In retail, foot traffic and sales plunged in March in April when lockdown measures were enforced.  The good news? Things seem to be … Continue reading 2020 Year in Review- 7 Essential Lessons for Retailers

5 Reasons People Leave Your Stores Without Buying Anything (and How to Fix it)

Getting shoppers into physical stores has become more difficult over the past year due to the pandemic. And while industry data shows that foot traffic has somewhat recovered, there’s still plenty of room to improve.  As such, it’s more important than ever to focus on in-store customer conversions. After all, attracting shoppers to your store … Continue reading 5 Reasons People Leave Your Stores Without Buying Anything (and How to Fix it)

3 Steps to Easier, Faster Store Execution

Retail is a highly-competitive industry with generally tight margins. Managing inventory, leases and labor costs alone make retail profitability a difficult balancing act at the best of times. But that's not all. Today's retailers must adapt to rapidly changing customer sentiments, weather and the pressures of e-commerce. Add a pandemic to the mix and it … Continue reading 3 Steps to Easier, Faster Store Execution

How to Be an Agile Retailer: 6 Expert-Backed Ideas

Between rapidly changing consumer trends and more competition, agility is a super power in the retail industry. If you want to thrive today and in the coming years, it’s critical that you learn how to be fast, nimble, and adaptable.  This post explores the topic of retail agility in more detail, and sheds light on … Continue reading How to Be an Agile Retailer: 6 Expert-Backed Ideas

7 Costly Mistakes to Avoid in Retail

The retail industry has always been competitive, but the last few years have been more challenging than ever.  People’s shopping habits have evolved dramatically and consumer expectations continue to increase. All the while, retail profit margins are shrinking. According to data from CSI Market, the specialty retail sector’s profit margins sat at 35.55% in the … Continue reading 7 Costly Mistakes to Avoid in Retail

Why and How to Measure Store Compliance

Compliance with standard operating principles, merchandising programs, health and safety directives, and loss prevention protocols is essential for store success. Stores executing best practice standards run more efficiently and provide a better customer experience. But with so much going on, publishing standards does not guarantee execution in-store. Here are 5 reasons why you should measure … Continue reading Why and How to Measure Store Compliance

Bounce Back in Q4: 7 Practical Tips for Retailers

It’s no secret that back-to-school spending has taken a huge hit because of COVID-19. However, with the right strategies in place retail can bounce back in Q4. Research firm GlobalData expects back-to-school spending to decrease 6.4% from 2019 — the lowest since 2015. Back-to-college is expected to be hit even harder, with a decrease of … Continue reading Bounce Back in Q4: 7 Practical Tips for Retailers

How to Hold a Sale without Killing Your Profits

All retailers should know how to hold a sale since promotions and discounts are easily one of the best ways to boost your bottom line. It creates a sense of urgency amongst consumers, and also helps to introduce your brand to new customers who haven’t encountered you before. However, sale events can also reduce your … Continue reading How to Hold a Sale without Killing Your Profits

Compliant IA Store Reopening Checklist

How to Grow a Retail Business: From 1 Store to 5 Stores

Single-store retailers that have found success often start thinking about the prospect of setting up shop in other locations. This is a natural step that many businesses take, and for good reason: expanding to other locations puts your business in front of more people and opens up opportunities for growth. But as you think about how … Continue reading How to Grow a Retail Business: From 1 Store to 5 Stores

11 Ways to Increase Your Local Retail Presence

Most entrepreneurs have the urge to think big and grow their businesses. As a retailer, this can mean expanding to other locations and setting up multiple stores in other cities or states. And while this is a perfectly sound strategy, growing your business isn’t just about developing your physical retail footprint. In many cases, you … Continue reading 11 Ways to Increase Your Local Retail Presence

Compliant IA Store Reopening Checklist

How to Grow a Retail Concept from 5 to 50+ Stores

Taking any business from one stage of growth to another requires knowledge, skills, and mindset. Growing from one to five stores requires a completely different strategy from scaling your retail store counts to double digits. In other words, what got your business to where it is today, won’t get it to the next level. So how … Continue reading How to Grow a Retail Concept from 5 to 50+ Stores

Franchise vs Corporate: 6 Things You Need to Know

Franchise and corporate-owned retail stores are two different breeds. Casual shoppers shouldn’t notice the difference, as both types of stores have the same general appearance and product mix. But, when it comes to franchise vs. corporate, the people managing and running these stores will have a different experience. Have a look at these comparisons below, … Continue reading Franchise vs Corporate: 6 Things You Need to Know

4 Ways Using Technology in Retail can Increase Sales

Now more than ever, retailers need to find ways to stay more competitive. Your product, price, and customer service, while important, can no longer be what you hang your brand’s hat on alone. Stores need to ensure that they are creating an experience for their customers and increasing engagement. One way retailers can accomplish this is … Continue reading 4 Ways Using Technology in Retail can Increase Sales

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8 Steps to Reopen Stores Successfully

Retailers around the world are preparing to reopen stores. Whether you are still in the preparation phase or your stay-at-home orders have expired, here are 8 steps to take to successfully reopen stores. 1. Assess Physical Stores Make sure your stores are physically sound and safe for reopening. If they have been shuttered for some … Continue reading 8 Steps to Reopen Stores Successfully

5 Manual Processes District Managers Should Automate in 2020

Working as a retail district manager requires you to become a jack-of-all-trades. You oversee multiple stores in your region, handling their store-specific issues on a day-to-day basis. Concurrently, you’re tasked with ensuring that each store aligns with the company’s operational guidelines and longer-term strategic goals.  To thrive in this fast-paced business environment, you need to … Continue reading 5 Manual Processes District Managers Should Automate in 2020

4 Ways to Automate in Retail

Retailers are held to higher standards than ever before. The most successful brands are nimble, customer-first, culture-oriented, and efficient. That’s a tall order. And management staff are feeling the pressure. In fact, 72% of business managers are overwhelmed by their job. Retail automation empowers brands with better data, increased efficiency, and overall cost savings. It … Continue reading 4 Ways to Automate in Retail

How to Implement New Technologies in Your Retail Business 

Is your store bogged down by slow and inefficient processes? Are you always having to put out fires or correct mistakes? Or maybe you have customers who aren’t too happy with the in-store experience. If you can relate to any of the above, chances are your store can use a technology upgrade and it's time … Continue reading How to Implement New Technologies in Your Retail Business 

How to Engage with Your Customers

Retailers are putting processes in place to help them reach their sales goals and connect with their market and audience. As we look ahead, nothing stands out more than customer engagement, interaction, and care as a way to boost sales. Why? Because an engaged customer represents 23% more revenue than average. Companies who improve customer … Continue reading How to Engage with Your Customers