by Sherene Funk | Feb 2, 2023 | Blog, Inventory Management
Taking at least one physical inventory count during the year is a crucial part of your internal control procedures. Keeping a close eye on the products you have on paper vs. what’s actually in-store helps you to maintain inventory accuracy, identify causes of...
by Sherene Funk | Feb 2, 2023 | Blog, Retail Strategy
According to the NRF’s 2018 Consumer Returns in the Retail Industry report, total merchandise returns account for nearly $369 billion in lost sales for US retailers. Naturally, retailers expect returned items as a cost of doing business, but excessive returns by...
by Sherene Funk | Nov 3, 2022 | Blog, Retail Strategy
In their article, The Coupon Comeback, Nielsen states: “Once on their way to extinction, coupons made a strong resurgence in 2009. While they offer consumers a chance to stretch their dollars further, they also offer real growth opportunities for retailers and...
by Sherene Funk | Nov 3, 2022 | Blog, eCommerce
When you’ve invested the time and money to bring relevant traffic to your website, it can be a huge disappointment when your products don’t sell the way you expect them to. Especially when you use good images and optimize for the search engines. So,...
by Sherene Funk | Sep 26, 2022 | Blog, Retail Strategy
Obviously, the best time to establish policies and procedures for your retail business is before you open your store. But sometimes work and life gets in the way and you end up running your business by the seat of your pants. Whether you need to set up initial retail...
