The retail industry started by doing face-to-face interactions, personally attending to their customers’ needs and concerns. As technology advanced, retailers welcomed the digital space to conduct online transactions conveniently for them and their consumers. On top of that, this digitization…
With things almost returning to normal after a global health crisis, retailers like you need to prepare your brick-and-mortar stores to attract shoppers who wish to return to shopping in store. As the competition with other retailers becomes stronger, you…
Dealing with a single retail store can already be a handful. How much more if you need to handle multiple stores? Going over your inventory, finances, open-to-buy planning, etc., more than once can be demanding, stressful, and complicated. Well, this…
Wouldn’t it be great to never have to worry about cash flow? As much fun as it is to dream about that, the reality of the retail business is that the best retailers have to always keep track of cash…
We know that with the new year starting up, a high volume of transactions is already on every retail business’s plate, including purchases, sales, payroll, inventories, and so much more that have accumulated from last year. Although it is vital…
“Numbers don’t lie.” As a retailer, your inventory is your ultimate secret weapon and most powerful tool to achieve your financial goals. However, some retailers realize this the hard way. Others do not bother looking at their POS reports or…
Retailers have already been dealing with so many things these past few years, and worrying about issues concerning retail crime is another challenge that needs to be considered. Based on the investigation by the National Retail Federation (NRF) in 2020,…
Aren’t you sick of hearing all these financial pundits talking about what they think will happen in the beginning of 2023? Some say inflation, some say recession. Some say market adjustment, some say back to normal. They all like to…
Dealing with a single retail store can already be a handful. How much more if you need to handle multiple stores? Going over your inventory, finances, open-to-buy planning, etc., more than once can be demanding, stressful, and complicated. Well, this…
For over 15 years of being in service to countless retailers worldwide, we at Retail Smart Guys have seen the ups and downs of the retail industry. Some retail declines come unannounced, while others show some signs. For instance, a…