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Lightspeed’s Report on the State of Retail, and What it Means for your Business

Two years of rapid change, disruption, and acceleration have brought the retail industry to a new level. new era.Independent retailers face changing health regulations and supply chain woes. They also have to deal with a constantly evolving workforce. What are the next steps for business owners? Small Biz Sense was always keen to better understand […]

The Retail Inventory Method: A How-To Guide

When you run a store, it’s critical to keep a finger on the pulse of your business. Paying attention to metrics like inventory value can reveal a lot about the state of your company’s finances and its operational efficiency. Though knowledge is the best power, managing and counting inventory can take a lot of time. […]

5 Tips for Managing a Multi Location Retail Business

Management of retail stores is not easy. And when there are multiple locations, it can become even more difficult. Businesses that want to expand and scale need solid procedures to ensure smooth operations. In this article, we’re going to explore some tips to help you manage multiple retail store locations. You’ll hear retailers and experts […]

2022 Retail Trends: Our Top 5 Predictions

As the holiday season and post-holiday sales wrap up, it’s time to look back at the past year, as well as cast our eyes forward to the retail trends that will define 2022. As you close the year and start strategizing for 2022, consider baking next year’s trends into your upcoming plans. In this article, […]

Retail 101: How to Price a Product

Retail businesses need to have a pricing strategy. Pricing a product is part marketing, part psychology and part guesswork. This can make it one of the most difficult parts of managing a retail business. retail store. “Very few merchandising decisions have as sweeping an impact on business performance as how to price items in the […]

Retail Sales Tips: Selling More During Peak Hours

There’s no getting around it: 2020 was a rough year for in-store traffic. The April 2020 price drop was a staggering 96.4%Foot traffic is increasing for US retailers. Traffic is beginning to rebound, and Black Friday is almost here. Traffic is half the amountIt will be 2021. Most retailers share the goal of driving more […]

How to Write An Attention-Grabbing Retail Business Plan

Success in businessWithout a plan, it is difficult to succeed. In the case of retail storesThis means that you must put in effort and time to develop your retail business plan. Now, you might be thinking: ‘why do I need a business plan, if I’ve got it all mapped out in my head?’ Business plans […]

How Super Saturday can Boost your Retail Holiday Sales (With 5 Proven Approaches by Shopping Revenue Experts)

Retail has had a remarkable year. Black Friday is barely behind you and now it’s time to turn your attention to that last-minute dash for holiday gift sales—the increasingly important, Super Saturday. It’s a highly competitive time of year, and no doubt many retailers will be eyeing an extra sales kick to ease some of […]

The Beginner’s Guide To Designing A Lucrative Retail Shop Floor Plan

Imagine you’re your customer for a moment. What is the first thing you notice when you walk into a store? What makes you want to browse through the products every time you pass a display, aisle, shelf rack or shelf? What makes you only stay a few seconds at the entranceway before moving on? These […]

The 7 Types of Retail Store Supplies You Need For Opening Day

It’s straightforward to assume “product, product, product” when opening your first retail retailer, however there are a complete host of different must-have retail retailer provides you’re going to want too. Whether or not they’re for patrons, workers, and even for you because the enterprise proprietor, listed below are the helpful provides you’ll want as you […]

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