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An interesting U.S. Footwear Retail Snapshot from the FDRA (Footwear Distributors and Retailers of America) cites these statistics: $75 billion in yearly U.S. retail sales 210,000 workers in shoe stores nationwide 2% growth YTD...
There are many reasons why an individual retailer would want to incorporate integrated retail accounting software into their management strategy. But these many reasons can loosely fit in one of three motivations: reducing human...
ChainDrive’s Integrated Retail Management solution includes analytical tools that enable comprehensive, accurate assessment of every aspect of the enterprise. Because business intelligence is built into the platform and data is collected as it is...
In today’s retailing market, everything that can boost sales and brand confidence is a good thing. One strategy that retailers often seem to miss is that of providing a hefty employee discount. This simple...
The first step in any budgeting process is figuring out where the money has been going up to that point. In the past, a family starting to set up a budget might sit at...
Open-to-Buy (OTB) is an important part of retail planning, as are the many other factors that make up the analysis and creation of a roadmap for the future of the business. But not everyone...
The benefits of selling online are attractive for retailers. A good website or presence as a third-party seller on one of the major online marketplaces increases exposure of the brand, entices new customers, and...
Retailers who are single channel are missing opportunities. But retailers who are omnichannel might also be missing opportunities if their web order fulfillment strategies are inefficient. If an order is placed online and the...
Apparel retailers know that there are times when the clothing off the rack just doesn’t fit right for certain people. Someone with longer arms than average might need special tailoring to make a suit...
Retail Price management is essential for retail success. The software tools that make price management effective have to be professional, fully-supported, and reasonably simple to use. ChainDrive’s Price Management component is part of a...
