Tagged: historical statistics
Retail budgeting has its challenges, but all of them can be overcome with the right solution. Here are five common challenges to effective store budgeting and the solutions that go with them. Spreadsheets –...
Weekly, monthly, and seasonal retail planning is a necessary component to profitability. If you do not plan effectively, you could lose money. With the right retail open to buy software, however, you can get...
No matter what kind of retail store you manage, flexible planning is essential to profitability, better customer service, and effective retail operations management. Here are four distinct ways to make your retail open-to-buy planning...
Planning for a retail operation is a big task. How do you know how many customers will walk in your door in the next three months? How do you know how many of those...
Whatever sector of retail you serve, you’ve got to measure your success or you won’t have any. The one key tool necessary for measure all your key performance indicators is a retail analytics solution....
The factors that require consideration in managing a retail business seem nearly endless. When you are tasked with having the final say on staffing, product merchandising, pricing, customer service strategies, marketing, accounts, and all...
The goal in any retail business is to reach the highest levels of profit possible, and the best way to do that is through a winning business plan and a steady rate of sales....
It’s not hard to deduce that your products are the most important assets in your retail business. Whether you run a department store with a wide range of items or you manage a business...
When you think about a retail business, one of the first things that comes to your mind is the products they sell. Naturally, retail professionals are highly concerned with managing their products in the...
Retail businesses are entirely centered around the prodcuts that they sell. H aving the right products, the correct amount of them, and pricing them appropriately is the only way to attract new and existing...