Ever wondered why retailers go to the trouble of printing logos and information on the back of their receipts? Or have you thought your company would benefit from this practice. Read on to find out what different types of information are frequently printed on the reverse of receipts and how this could generate revenue for [...]
A portable credit card machine is a great way for businesses to take customer payments while in the field and not sitting in your office or store. Usually these machines allow you to scan the card right there and the transaction happens via a cellular network. Even if portable credit card machines may [...]
The concept of productivity management is essential in the retail business. However, retail stores have unique characteristics. Thereby, it is impossible to just adopt retail indicators used by other stores. You have to know your own purpose why you would want to measure productivity. If you know your reasons, then you know how you would [...]
Fashion merchandising can have a big impact on your sales, but nothing is as important as your window display. Use the psychological factors for creating a first impression to lure the right customers to your store using your window display as your biggest advertisement.
When a customer approaches a retail store, the first thing they notice [...]
Tough economic times means rethinking your business processes to survive the hardships while many of your competitors are closing their doors. In today’s fast pace marketplace, this should involve facilities that are convenient for your customers, low cost for your business and technologically up to date to cater for recent consumer trends. A merchant facility [...]
In today’s complex and evolving business environment credit card machines can help give your business that much needed boost. For those who are wondering how these machines achieve this, read on to find out more about how your business can profit with a credit card terminal.
Irrespective of the size of your business, statistics have shown [...]
Have you ever wanted to:
· Increase the average sale per customer
· Optimize inventory usage
· Drive impulse shopping tendencies
· Modify on-site promotions on the [...]
ll too often, franchisees do quite well in their franchised businesses and then decide to go and do something else or sell the business. Still, they need to make sure that their store lease of their retail space and location runs concurrent to their franchise term in the FDD or Franchise Disclosure Documents. Why is [...]
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Predictive Analytics in Retail
By Jethendra B K
Jethendra B K
Jethendra B K
Level: Basic
Post graduate in Agricultural Economics with handful of experience in retail industry….
Article Word Count: 340 [View Summary] Comments (0)
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Before getting started on the topic let me put across a [...]
Product Lifecycle shows the path of a typical new product which takes from its inception to its discontinuation. Product life cycle refers to the period from the product first launch into the market until its final withdrawal. The understanding of a product life cycle of a product can help a company to understand and to [...]