Key Takeaways: Correctly pricing baked goods ensures you cover costs, earn consistent profit, and remain competitive. Factoring in ingredient costs, labor, overhead, and desired profit margin is essential to accurate pricing. Using sales data and POS tools helps...
On March 1st Square announced that they will be making several changes to their pricing and fees across different aspects of their company. According to the announcement, the decisions were made so that the POS provider “can invest in our platform, create...
A retail store performance dashboard leverages POS data to give you instant insights into your store’s key metrics—tracking daily foot traffic, sales conversions, customer behavior, and so much more—all in one place. This post will discuss the top...
Key Takeaways: Multi-channel retailing means running your store, your website, and any outside marketplaces or delivery apps as separate channels, each with its own pricing, promotions, and customer experience. That’s different from omnichannel, where every...
According to the U.S. Bureau of Labor Statistics (BLS), 20% of businesses fail in the first year, 45% in the first 5 years, 65% in the first 10, and 75% in the first 15. Clearly, opening a retail store is a challenging feat. And growing your retail business is even...
