When starting a retail store or a business, there are many questions that arise for the new entrepreneur. For example, which business model to choose? Some are considering consignment sales, which raises new questions, such as ownership of the merchandise sold on consignment. Who is the owner of...
Read more
Effective inventory management is an essential part of a store's business strategy, whether small or large. It is the foundation on which the success and profitability of businesses rest. What are the real benefits of inventory management? There are several benefits to inventory management:
...
Read more
Retail operations encompass the daily activities and processes retailers undertake to sell their products and services to customers. There are several major types of retail operations, each with its unique characteristics and strategies:
Inventory management
Point of sale operations
...
Read more
In the complex world of business, understanding the financial ins and outs is essential to make informed decisions. Among the indicators offering an overview of the financial health of your store, its profitability and its competitiveness in the market, there is the retail markup. The retail markup...
Read more
Retail stores continually seek innovative ways to cultivate and maintain strong relationships with their customers. One way to achieve this is through loyalty programs, which not only reward loyal customers but also stimulate business growth and customer retention. Here are 14 benefits of customer...
Read more
Point of sale softwares make life easier for retailers. These tools collect useful data to successful storesl. A question therefore arises: where is the data of a POS software stored?
More often than not, POS data is stored in the cloud. There are, however, point of sale softwares that store...
Read more
Effective inventory management is a cornerstone of any successful store, regardless of size or industry. A well-managed inventory ensures optimal product availability, reduces costs related to excess inventory and improves the customer experience. However, there are so many proven inventory...
Read more
Gift cards have become a popular choice for shoppers looking for the perfect gift, while offering some flexibility to the recipients. Some wonder, however, whether the retailers and businesses also profit from gift cards.
The answer is yes, businesses profit from gift cards. They make money when...
Read more
Inflation is a major challenge for individuals and businesses alike. When prices rise and purchasing power declines, consumer buying behaviors change. Stores must then put in place clever and effective strategies to maintain their sales and retain their customers even in times of inflation.
How...
Read more
Inventory is the backbone of any store. Effective inventory management is key to running smoothly and maximizing sales. A fundamental question may cross your mind: who is responsible for inventory control? Many people play a role in inventory control and it can be difficult to know who should take...
Read more
A point of sale (POS) software is a powerful tool that makes transaction management easier and provides valuable insights into business performance. What exactly do POS systems track? A good POS software tracks the following things:
Sales
Inventory
Product information
Customer data
...
Read more
The way to manage inventory has a significant impact on business profitability and efficiency. Businesses can adopt traditional inventory or consignment inventory. Each of these methods encompasses different practices. So what is the difference between inventory and consignment?
Traditional...
Read more
Retail is an ever-changing industry. To thrive in this competitive environment and be a successful retailer, it is essential to have effective strategies in place.
While success varies a lot depending on the retail industry, there are some key factors to consider to be a successful retailer. If...
Read more
The internet provides consumers with convenient and varied online shopping opportunities. The rapid evolution of e-commerce has brought about the emergence of new terms and concepts such as e-commerce and e-tail, which can occasionally cause confusion due to their subtle distinctions. So what is...
Read more
When it comes to capturing the attention of customers, the visual aspect plays a crucial role. This is why retailers should seize every opportunity to create an attractive and compelling environment. In-store displays play a crucial role in this goal.
The main purpose of in-store displays is to...
Read more
Point of Sale (POS) systems are essential for any retail business to efficiently process transactions and manage inventory. These systems comprise various hardware and software components that enable transactions, monitor inventory, and generate reports. However, as with any technology, the...
Read more
Consignment sales have become increasingly popular in recent years as a way for individuals and businesses to sell their products without needing a traditional storefront or inventory. How does consignment sales work?
Consignment sales involve a consignor (the seller) entrusting their...
Read more
A reliable and effective inventory management system is essential for the success of retail establishments. In today's hurried retail sector, managing inventories can be challenging. It's critical to monitor stock levels, sales and place fast product reorders. What is the best way to manage your...
Read more
Managing inventory is an essential part of running a successful store. One of the biggest challenges for retailers is to keep track of their stock levels accurately. Deadstock refers to products that have been in the inventory for an extended period and have not been sold.
Managing deadstock...
Read more
During periods of inflation, it can become difficult for retailers to adapt their offer to meet consumer needs while minimizing losses. Retail businesses must understand these changes and thus know what sells best during inflation in order to adjust their offer accordingly.
The products that...
Read more
Knowing how to manage your suppliers in the world of retail is essential to ensure a good supply of products and maintain sustainable profitability. Suppliers are a key part of the supply chain and their management can have a significant impact on the performance of your business.
Whether you...
Read more
Consignment sales are advantageous for both parties involved, but there are some cons that you should be aware of. Let’s take a look at the disadvantages of consignment sales so you can make an informed decision before considering this method for selling your products.
What are the...
Read more
The advantages of consignment sales are numerous. Although consignment is not a new concept, it is still a common method for businesses and individuals looking to sell products at a retailer. This is why we will look at the specific advantages of consignment sales for the retailer and the seller...
Read more
Examples of good loyalty programs show us how essential customer loyalty is to guaranteeing the growth of your business. Having a good loyalty program is a great strategy for keeping your customers engaged and encouraging them to make new purchases at your store.
To inspire you to create a...
Read more
A good point of sale (POS) software has several features to help retailers in their daily work. Those softwares are also powerful data analysis tools. POS softwares' advanced reports can let you analyze customer data to help you understand your consumers' habits and preferences.
Can customer...
Read more
Knowing how to calculate a physical inventory value is essential for a retail business owner. This internal organization exercise may seem trivial, but it is needed to ensure the smooth running of your inventory management.
To calculate a physical inventory value, you must first determine how to...
Read more
Franchisees are a crucial part of franchise networks and their performance makes all the difference to the success of the network. So what makes a good franchise owner?
A good franchise owner is ambitious, passionate, compassionate, knows how to lead and to communicate, has a thirst for...
Read more
To attract your customers, the words you use are important! They are essential to achieve your goals and catch the eye of your customers quickly. This is why we created a list of 127 compelling words that will help you drive customers to your store and generate more sales.
Those words can be...
Read more
Consignment sales are becoming increasingly popular for many types of products. This practice offers many perks, such as the fight against overconsumption and the sale of local products at affordable prices.
Several types of products are sold on consignment in retail stores. In this article,...
Read more
Retail businesses are constantly looking for new ways to increase customer loyalty and make more sales. One of the most effective ways to do this is to have a loyalty program.
A good loyalty program boosts customers' loyalty and encourages them to spend more in your store.
Here are 8 key...
Read more
The management of the repair, rental and consignment sale of products is made possible thanks to this revenue-generating model: ReCommerce.
New model: new questions.
Many entrepreneurs buy into this business model and wonder how to calculate consignment inventory.
To calculate your...
Read more
Once established in a local or national market, companies will have the ambition to expand their area of influence by attacking the international market. Fortunately for entrepreneurs with grandiose ideas, some international POS softwares is made to support the most excessive...
Read more
Where would the retail industry be without POS systems? These computer systems give stores a chance to keep track of their sales, inventory, and cash flow in addition to helping them sidestep the limitations of manually handling sales and inventory management.
In fact, modern POS systems go a...
Read more
Do you own a store and are wondering which retail softwares to use to help you in your work? Are you getting lost between all the options available? This article is for you! Discover 8 types of software that will help you manage your store:
Point of Sale Softwares (POS)
Accounting...
Read more
Have you ever wondered what point of sale softwares and accounting softwares are? How to define them? What makes them different? Here, you will find the answers to these questions and many more!
The difference between a point of sale software and an accounting software is that a point of sale...
Read more
A point of sale is essential in retail. Different steps are required to make selling possible, which is what we call the “point of sale process”. Indeed, the point of sale process is defined as the steps made in the point of sale systems to ensure safe transactions when goods or services are...
Read more
Finding the best POS system for your business is crucial for efficient management. If you are wondering how to find a good POS system for your business, you came to the right place!
You can find a POS system for your business on the Internet, in select stores or through independent vendors....
Read more
Are you in the market for a point-of-sale (POS) system for your retail business? You’re not alone, and you’ve come to the right place if you’d like to learn more about how this kind of system works.
We are guessing you already know what POS software is. But just in case, this is a system...
Read more
If you are looking for cloud-based point of sale software, you are most likely also looking for the IT equipment needed to make it work. In addition to needing an internet connection within your business, you need to make sure you have the right hardware components compatible with the point of sale...
Read more
As the point of sale software Alice POS was originally designed to optimize the management of video game stores, you can expect to find features that have a direct effect on the industry's day-to-day operation, such as the buy and sell of games, trade-in, rent, and consignment modules.
To this...
Read more
Alice POS offers a multitude of advantageous features for retail merchants. These can lead to concrete improvements in store, which can be felt in time gained or even in increased revenue. In this article, we will explore the ways Alice POS can help you do that. We will section off this article...
Read more
The emergence of new technologies has prompted a growing number of point-of-sale and network managers to seek new ways to improve sales, enhance customer experience, and optimize employee management. The arrival of new electronic shelf labelling solutions on the market offers new possibilities for...
Read more
Being a reCommerce cloud-based retail point of sale system, Alice POS offers merchants the key features they need to get started selling in person or online with a reCommerce (or Circular Economy) approach. The consignment, rental, buy-back, trade-in of used goods, and repair features allow...
Read more
Choosing the right point of sale software for your retail store can sometimes be difficult. A multitude of POS systems are available on the market, which is why it is important to carry out thorough research. Here are some tips for choosing the right point of sale system for your business.
What...
Read more
With the arrival of a new POS software in your company, you will certainly be able to use its features to benefit from a variety of in-store strategies. These features can in fact allow you to develop different strategic combinations to achieve your business goals.
What strategies can you take...
Read more
Alice POS does business with various partners who allow our customers to benefit from the best services, but above all the best opportunities. Indeed, our integrations allow you to make informed decisions related to your prices, your loyalty programs or your eCommerce. Here are the integrations...
Read more
If you are thinking about changing your point of sale system or have just made changes in your system, you might have some questions about deploying it in your business. Here is how Alice POS ensures a smooth and secure POS migration process, but also adequate and personalized training on our point...
Read more
So much useful information is available in point of sale reports that could greatly help optimize business operations. Indeed, using these reports efficiently can help increase revenue and reduce operational costs.
However, not all business owners take the time to analyze their data and...
Read more
Post-Covid represents another difficult period for retailers. It may be complicated to stay productive and realize profits. So, here are a couple of ways retail stores can enter an economic recovery process and remain productive after the Covid-19 pandemic.
Here are a few tools that you can use...
Read more
You may be looking for a point of sale system but do not know where to begin your research, or maybe you are interested in a point of sale software, but you do not know which terminal would meet your needs and be adapted to your business operations.
First of all, let’s clarify the difference...
Read more
If you are in the market for a retail POS system, then you may have noticed how expensive they can get. Some systems still rely on being installed locally and can have upfront costs that could put a company out of business. But this does not mean that if you do not have thousands of dollars at your...
Read more
There are many benefits of purchasing a POS system, notably making it easier to manage your retail business. A POS system can significantly simplify daily business tasks and in some cases can even be revenue-generating.
A POS (Point of Sale) system is the combination of software and hardware to...
Read more
There are a multitude of features a cloud-based pos system can offer, so it’s essential to understand your needs and the main features you require before making your choice. Here are six features you should not miss when you’re looking to acquire new point-of-sale software.Some important...
Read more
Stock control in a warehouse is an essential element in the management of your business. Indeed, this allows you to always keep an optimal quality of products in stock, rigorously track stock, and plan the quantities to come for future product orders.
What are the most popular inventory...
Read more
When purchasing a new point-of-sale system, it is normal to have several fears and questions, especially regarding the safety and onboarding process in your company. Indeed, the security of your point of sale should not be neglected since there are several technical aspects to consider.
Is...
Read more