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...
Most businesses that accept card payments use a third-party payment processor instead of opening their own merchant account. A third-party payment processor lets a business take credit cards, debit cards, and digital wallets within minutes of signing up, but the...
Despite persistent inflation and supply chain issues, the retail industry has significant bright spots. Total nationwide retail continues to rise yearly, with 2024 retail and food service sales reaching $8.55 trillion. Brick and mortar retail has shown impressive...
As a retail business owner, there are certain features you look for when choosing the point of sale software that will be used to run your store. Inventory management, CRM, loyalty programs, accounting integration, transaction processing, and gift cards are all...
