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Category Archives: Retail & Inventory

Retail & Inventory

Importance of Black Friday for Retailers

During the holidays, people often feel like spending more, especially on food or gifts for others. The summer brings Fourth of July sales in vacations, groceries and celebratory decorations while Valentine’s Day brings an increase in restaurant, floral and chocolate sales. However, the largest spending season is the time between Black Friday and the last… Read more

Holiday & Seasonal Marketing, Marketing, Retail & Inventory, Shipping, Social Media

Your Guide to Mastering the End-of-Year Holidays

The holidays provide great revenue opportunities for your retail business. The National Retail Federation (NRF) reports that in 2016, holiday retail sales reached $658.3 billion nationwide (which exceeded its expectations by $3 billion!) – $122.9 billion of which was obtained online. So how can you prepare your shop for the peak spending holidays? Here, we’ll… Read more

Hiring & Firing, Retail & Inventory

How to Hire and Pay Seasonal Workers

How to Hire and Pay Seasonal Workers

Updated September 14, 2018. The upcoming holidays are looking great for those looking for work. By enlisting short-term workers to meet high customer demand periods, savvy business owners can get a much-needed revenue boost without hiring full-time staff. Before you start posting on Craigslist or local newspapers, you need to understand applicable labor laws and tax… Read more

Management, Retail & Inventory

How You Manage Your Inventory Affects Your Cash Flow 💰

Start Quiz Believe it or not, how you manage your inventory affects how much cash your small business generates daily. If you’re mismanaging your inventory, you’re putting yourself at a disadvantage. A higher turnover ratio has a better impact on your cash flow. But how do you know where to start? Calculate your inventory turnover… Read more

Holiday & Seasonal Marketing, Retail & Inventory

Two Checklists Your Retail Biz Needs for the Holidays ❄

Are you prepared for the upcoming holidays? Just this past year, holiday retail sales totaled to $658 billion! It’s one of the busiest times of year for retailers, and you don’t want to miss out on it. To ensure you’re prepared, take a look at the checklists below to make sure this is your best… Read more

Holiday & Seasonal Marketing, Marketing, Restaurant & Bars, Retail & Inventory

What You Need to Know for Peak Shopping Season

The holiday season is approaching, and as a small business owner, your eyes might be set on those peak spending days, so you want to ensure you’re ready for them. Last year, holiday revenue showed positive gains from 2015, and this year, revenue projections show steady, albeit slower, gains as well. One of the largest… Read more

Management, Retail & Inventory

How to Save Money For Your Retail Biz While Managing Inventory

Inventory often stays backstage while sales, marketing and servicing take precedence in most retail businesses. After all, if you don’t advertise your products, how will you sell? Yet many retailers fail not because they haven’t made themselves visible enough, but because once they gain traction, their backend doesn’t support the business anymore. Don’t let inventory… Read more

Holiday & Seasonal Marketing, Marketing, Retail & Inventory

10 Ways to Ensure Your 2017 Small Business Saturday is a Smashing Success

10 Ways to Ensure Small Business Saturday is a Smashing Success

Forget about Black Friday. This year’s big sale day is Small Business Saturday. On November 25 (the day after Black Friday), local small businesses create a sense of community with special sales, promotions, and events. About Small Business Saturday This event first launched in 2010, and a year later, President Obama voiced his support and… Read more

Finance & Accounting, Retail & Inventory, Small Business Loans

An Overview of Retail Loans

The phrase “retail loans” refers to loans obtained from retail lenders. However, in some cases, the phrase can also apply to loans taken out by retailers. To shed some light on the similarities and differences between these two definitions, here is an overview and a look at some related concepts: What are retail lenders? Retail… Read more

Marketing, Retail & Inventory

Preparing Your Retail Business with Holiday Product Trends

The holidays are just a few months away, and consumers are already making holiday shopping plans. If you want to boost sales this holiday season, you may want to take a look at the latest product trends that promise to be big hits for shoppers this year. In this post, we’ll cover how you can… Read more