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Price management is one of the most important operation in any retail or wholesale environment. Price is right merchandise for retailers or wholesalers. Whether you’re managing prices for long-term or for seasonal cycles, you...
Companies looking for a way forward to expedite their recovery strategies in the Post-COVID black swan must take some bold decisions to prepare for the new normal. This would entail conducting a due diligence...
According to the latest reports from NRF 2020 Report and Survey, Consumers are most likely to spend an average of $30.19 on family members other than their spouses compared to $29.87 in the previous...
Respondents who were interviewed lately on their spending forecasts were quite optimistic about their household incomes, buying power and the job market in general. They were planning to spend an average $196.31, a whopping...
Not every retail store is the same. By the same token, not every retail chain is the same. For that reason, some retail operations may need a custom retail management solution. But what should...
Managing a wholesale operations is a lot like managing a retail operation, however, there are some differences. The following 5 dimensions to operating a wholesale chain can be managed with the right software solution....
This year, we are showcasing Retail Analytics and BI for retailers in 2019. Let’s discover today how ChainDrive leverages both Retail Analytics & Business Intelligence (BI) and addresses some of your challenges related to...
Retail operations live and breathe by their planning methods. You need to be able to make accurate forecasts and plan for all seasons based on sales, inventory, and proper budgeting for your retail sector....
“Omnichannel” is a retail industry term that is fairly new. Before the advent of the Internet, retailers sold their goods through brick and mortar stores or through mail order. There weren’t many other options....
Regardless of the type of retail business you own and manage, you need a point-of-sale (POS) system that will meet all the needs of all of your customers. It’s the 21st century and nothing...
