Why Retail Planning Should Be Flexible
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...
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...
It’s important, in the retail business, to be able to measure your progress to determine if your business is successful, profitable, and growing. But what exactly should you measure? Every retail business is different....
Key Performance Indicators (KPIs) in retail help businesses plan and budget for the future. You should have KPIs for each aspect of your operation, but it helps to understand the benefits to having KPIs...
Shoppers rarely make a purchase based solely on one salesperson’s efforts during one visit to the store. Meeting today’s customer expectations involves many contacts across multiple channels because most consumers are browsing online as well...
As often as we tout the importance of nuance and careful planning in every segment of your retail business, ChainDrive knows that price levels are some of the most fundamental and impactful aspects of...
The economy has improved substantially within the past two years since the covid-19 outbreak. However, thrifty spending remains a strong mindset in customers around the nation. There seems to be an attitude of precaution...
Price levels are of the utmost importance to maintaining a successful retail business. Being able to control prices in a way that balances sales made with dollars earned in profit is a fundamental aspect...
The relationship between a retail business and its customers is often a peculiar one. In an age where information by and large flows freely, a retail business can assess the interests and proclivities of...
Competing in the retail industry means being on top of absolutely everything related to your business. This includes having competent employees, strong marketing strategies, quality products, thorough customer service, and much more. But it’s...
Retail business are made or broken by their price levels. Smart customers will want to shop around and find the retail outlet that provides the most competitive prices on products, so you always want...