It is inevitable to encounter retail returns in doing business. However, as much as it is crucial to cater to such customers’ concerns, it can definitely cause negative impacts on profits. But this adverse situation can be seen positively with…
If there’s one thing the COVID-19 pandemic has taught us: life is uncertain. Today we can be healthy, living life to the fullest. Yet, tomorrow is never a promise. We might be feeling unwell in the coming days or, worse,…
Without attachment to religious beliefs, we titled the article this way because there are certain things that must be done to survive in retail. There are sacred rules retailers like you need to follow in order to stand firm in…
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…
It’s frustrating to think that despite all your efforts, customers don’t come to your store because you don’t have everything they want. At the same time, having too broad of an assortment will cause customers to be confused, and not…
It is challenging to stay relevant and in demand in the retail industry, knowing that aside from your numerous competitors, changing trends, and economic meltdowns, your business’s most significant competition is always itself. Being stagnant and relaxed in a fixed…
Most retail business owners want to know what is about to transpire in their business in the future. During these uncertain times, getting a forecast of your sales will help you decide whether to buy more inventory, hire more employees,…
As an independent retailer, you probably feel overwhelmed due to the piling-up tasks you must accomplish. Well, your emotions are definitely valid. After all, planning inventory, designing store layouts, building robust e-commerce and on-site presence, and hiring and training employees…
We have this common notion that money is the primary driving force behind everything we do. Although this can be true in some aspects, at present, this is inconsistent when it comes to working. Most studies indicate that employees identify…
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…