Part of the fun of owning or managing a retail store is getting to interact with a diverse array of people all day. Studies show that 87% of retail purchases are made in-store. From the decisive, in-and-out shopper to the one that will tell you their life story,...
Every retailer ends up with stock that will not sell. A season passes, a trend cools, or an order came in too heavy, and suddenly those units just sit there. Slow-moving inventory ties up cash and takes shelf space that a faster seller could use. The good news is that...
Gift cards are a proven way to increase revenue. Sales have steadily increased over the past few decades and 2018 projections are estimating the gift cards will account for $188 billion in retail sales. Plus, approximately $3 billion per year worth of gift card value...
Below are 96 of the most important retail terms that every successful small business owner should be aware of. We tried to choose terms that ranged from all facets of the retail industry without including frivolous items. So check out KORONA POS’s retail...
