Many retail stores in Nigeria and other parts of the world regard inventory management as a challenging task this is owed mainly to the number of hours used for checking, reconciliation, and tracking stocks manually. For retailers with an Omnichannel business model where inventory gets pooled between physical and online … Read more
While technology has changed many aspects of the retail environment, it continues to be a sector that is constantly evolving, and RFID technology is catching up also in this environment.
In this article, we will focus on how RFID plays a beneficial role in the retail sector. We will explain … Read more
If you run or manage a retail business, you must have firm control of your finance to achieve success. To be aware of how money is spent on various operations and making an informed decision about your store, you should practice pos reconciliation regularly.… Read more
For every business, it is vital to keep an accurate record of your finances. It is no surprise that retailers face unique challenges in maintaining proper financial records, monitoring and calculating the inventory. Although daunting, these tasks are essential for accurate accounting. Read on to learn about retail accounting, retail … Read more
Every retailer wants to make sales while catering to customer satisfaction. If you are reading this, chances are you are looking for a new way to increase sales in your business. But how can your salesperson push for more sales without turning customers off? Suggestive selling is a powerful and … Read more