How to adapt to the 5 biggest changes in retail

How to adapt to the 5 biggest changes in retail

The retail world is moving fast. Players who want to survive and prosper must learn how to adapt to the changes and use them in their favor. Here are the 5 most monumental shifts facing retailers today – and our tips on how to stay atop the market. 1. Shoppers are as...
5 phrases you should never (ever!) tell your customers

5 phrases you should never (ever!) tell your customers

The number one reason customers do not return to retail stores is bad service, says Retail Doctor Bob Phibbs. And yet, most retailers appear unaware that they are disappointing their customers: an oft-quoted study by James Allen et al. revealed that 80 percent of...
12 pros and cons of online, cloud-based POS systems

12 pros and cons of online, cloud-based POS systems

A good Point of Sale (POS) system is a key tool for retailers to increase sales, keep an overview of stock and provide high-quality customer service. It can, however, be difficult for non-tech savvy retailers to know which POS system they should invest in. In the past...
9 surefire ways to annoy your customers

9 surefire ways to annoy your customers

Perhaps you are one of those retailers who frowns when people enter their store looking for stuff to buy. Maybe you find customers touching all the nice stuff in your shop rude. And let’s not even talk of those troublesome people who want to take your stuff home with...
10 quick tips to boost your holiday sales in-store

10 quick tips to boost your holiday sales in-store

According to the 2016 UPS research Pulse of the Online Shopper, 38 percent of all purchases now come from cross-channel shoppers, that is consumers who shop both in-store and in at least one online channel. Although these shoppers are still a minority, retailers...
How accurate is your accurate inventory

How accurate is your accurate inventory

Germans are very accurate. At least this is what is Germans frequently hear from people of other nationalities. But is this indeed true? In German business schools we are taught that stocktaking can be done by counting, measuring, weighing and estimating. Which always...