How Experiential Retail is Revolutionizing Online and In-Store Shopping

We live in highly competitive retail times. Retailers are investing heavily in lead generation, paying an average of $34 for a retail lead. Yet, this isn’t translating into revenues as expected. Research suggests that the average conversion rate for a retail lead is as low as 3%. Understanding the why is essential to ensure this isn’t the reality for your retail business.  Here’s the fact: Consumers today are bombarded with […]

Follow these 7 Tips for Increasing Warehouse Efficiency Using ERP Software

Efficiency in warehouse and inventory management operations can make or break your retail business. However, research suggests that most retailers do not get the best of it. According to data, US-based retailers sit on approximately $1.43 in inventory for each $1 of sales. This overstocking translates into issues like capital blockages, increased costs for managing and keeping additional inventory, and the risk of shrinkage due to product expiry. In addition, […]

Game-Changing Features of ERP Software for a Retail Store: What to Look For

Given how competitive the retail world has become post-pandemic, the current times demand leveraging every possible advantage point to establish business competitiveness. This applies to both brick-and-mortar shops and eCommerce websites.   Implementing a feature-rich ERP software tailored for retail steps here as a transformative tool for retailers looking to grow. A retail-business-oriented ERP helps to streamline different retailing business processes and unify data and various functions across retail stores. It […]

Revolutionize Retail Experiences Efficiently with Hybrid Checkouts

Today’s retail landscape is evolving rapidly and has turned massively competitive. One way for retailers to remain relevant and profitable is by optimizing the customer’s in-store shopping experience. Smooth checkouts are integral to experiential retail, and 90 percent of shoppers say a smooth checkout process significantly impacts their shopping experience. While cashier-staffed checkouts have been the traditional norm, there’s been a recent rise in the use of technology to facilitate […]

POS Security: How to Protect Your Retail Store Against Employee Theft

Employee theft is a significant threat in the retail industry. According to the Retail Council, an estimated 566,000 cases of employee theft go undetected each year in Canada.  In 2022, the average shrink rate in retail rose to 1.6%, up from 1.4% the previous year, with external and in-house theft accounting for 65% of this shrinkage. These rising numbers highlight a growing problem. Not only does employee theft affect the […]