Malware attacks continue to disable point of sale systems at an alarming rate. Every other week there is news of yet another credit card data breach. And while companies are increasing their investments on anti-virus programs to combat it, that … Continue reading
Returns, overstocks and out-of-stocks cost retailers mightily. Research released recently from IHL Group found that merchants lost $1.75 trillion annually due to those three situations. Retailers still questioning the importance of data analysis and of full insight into sales … Continue reading
With the deadline for the move to EMV adoption by retailers coming fast — October — many retailers have already made the move and now consumers are faced with becoming familiar with the security technology when providing payment at the … Continue reading
How can you improve your team’s performance on the retail floor when you’ve got zero time and a tight budget? The chaotic life of retail often leaves you with little time to focus on proactive improvement and skill building for your … Continue reading
The retail ideal of putting customers’ desires first often comes into conflict with the plain truth about inventory: While most customers enjoy making selections from a fully stocked store, retailers just can’t afford to carry stock that appeals to everyone … Continue reading
In retail business, as in life, there can be no such thing as stagnancy; you are either moving forward or you’re falling behind. Every tactic that is not in line with the corporate strategy is effectively undermining it. Every expense … Continue reading
