Retail Insights

Employee Theft and How to Prevent It

Is the best member of your retail staff also a completely honest individual? Does that seem like a funny question? How could the best member of your staff not be honest? We constantly come across incidences of dishonesty from our clients’ staff. Staff dishonesty can range from cash theft to stock theft to sweet deals for friends like only ringing through one item when two were taken, etc. Recently, in an ever more competitive and margin-reducing world, our customers/retailers posed this question to us: Is there a retail system out there that will help me in only recruiting honest staff members?

Don’t Drive Blindly; How to Navigate the Retail Road Clearly and Strategically with Retail Intelligence

Have you ever been driving, on a rainy, muddy day, when your windscreen washer bottle was out of fluid, and you simply could not see the road the ahead? Frustrating, isn’t it? The retail world is not much different. In times of prosperity, retailers thrive and the need for actionable metrics is often ignored. People hum along; not paying much attention to their important key performance indicators money is flowing.
But times have changed. The financial climate is daunting. And retailers have been left without any windscreen washer bottle fluid. The typical retailer cannot see the road ahead; without a more sophisticated picture of what is going on, he will likely crash.

The Four Most Costly Stock Management Sins: How to Avoid Them & Drive Profit.

How many times have you wondered:

• How much inventory to hold?
• How much to purchase?
• Which products fly off the shelves, and which are likely to sit?
• Should your inventory be marked down?

  Over and over again, right? And if you make the wrong move, you end up losing money, wasting time and undermining your business.   STOP! There are better strategies than Guesswork!

It’s Time To Profit Through Technology | Retail Times

This is a challenging time of the year for retailers. After the initial January sales rush has died down, the next couple of months are traditionally a slow time across the entire industry. It’s the time when retailers need to be at their most innovative to stay ahead of the game. It’s a time when we are forced to think outside the box for ways of generating additional profitability.  

We stand on the cusp of a new decade. Retailers have access to unprecedented technology to drive their businesses forward. The age of the Techno-Retailer has begun...