Organized retail crime is a common — and expensive —problem for retailers. The 13th annual Organized Retail Crime (ORC) study by the National Retail Federation released in November 2017 found that 96% of retailers had been the victims of organized retail crime in the past year. Losses averaged $726,351 per $1 billion in sales, up…
February 14 — Valentine’s Day — is a day for consumers to celebrate love, but it’s also a day retailers will love for its profit-boosting potential. According to the National Retail Federation (NRF), more than half of U.S. consumers (54.7 percent) plan on celebrating the holiday this year. Spending is expected to reach $19.6 billion,…
Tablets remain a hot technology in a wide variety of vertical markets — and the restaurant and retail segments are no exception. Here are three reasons why restaurant and retail store operators embrace tablet technology. 1. Pay-at-the-table functionality has become a reality for restaurants. The potential to increase customer satisfaction, table turns, and profitability is…
Guesswork may have its place in some businesses, but retail isn’t one of them. Smart retailers understand that remaining competitive means leveraging data that provides shopper insights, rather than hearsay or off-the-cuff predictions, to identify retail trends and plan accordingly. Follow these steps to put your finger on the pulse of the hottest retail trends…
Loyalty solutions have come a long way since the initial transition from paper punch cards to automated systems. Successful retailers and restaurant operators acknowledge the need to implement these increasingly sophisticated options as a part of their overall business strategy. In 2018, consider leveraging loyalty technology to: Engage in social listening. When used with loyalty…
A plan to recover from the holiday rush needs to be two-fold for retailers. On the one hand, you have to deal with crowds of customers lined up to return or exchange unwanted items purchased during the holiday shopping season. On the other, it’s an opportunity you shouldn’t pass by to capitalize on all that…
A cafeteria management solution for school and school districts’ is the best tool for serving students more efficiently and controlling costs. In addition, these solutions can be instrumental in helping to meet the many federal and state requirements and standards that apply to school cafeterias. With a cafeteria management system, you can: Complete federal and…
Black Friday — the Friday after Thanksgiving and the traditional kickoff to the holiday shopping season — is full of opportunities for retailers to fatten the bottom line. According to the National Retail Federation (NRF), as many as 147 million U.S. consumers will shop that day, which falls on November 24 this year. Spending is…
Along with accommodating the rush of shoppers to find the perfect costume and sweets for trick-or-treaters, it’s time to think about how to optimize your Halloween point of sale (POS) system to maximize your store’s profit potential. Here are four strategies you can use to better manage seasonal inventory, capitalize on the appeal of Halloween…
Columbus Day isn’t the only holiday that falls in mid-October. There’s also National Dessert Day on October 14. A dessert promotion in honor of that day will boost brand awareness, bringing new and existing customers into your restaurant and increasing sales. You can leverage the holiday in three ways to get the job done. 1.…