Topic: Good To Know

The Difference Between Serialized and Non-Serialized Inventory

Inventory management is a critical aspect of retailing. Effective stock management allows a retailer to maximize sales, minimize costs, and ensure a certain level of customer satisfaction. In inventory management, one fundamental distinction lies in the inventory method used: serialized or...
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Topic: Good To Know

How Much Are POS Maintenance Fees?

Point of sale (POS) systems play a crucial role in facilitating transactions for retail businesses of all sizes. However, beyond the initial investment in acquiring a POS system, there are maintenance fees to consider. When seeking the best POS option for your business, it's wise to inquire about...
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Topic: Good To Know

The Management of the Retail Supply Chain: 9 Characteristics

In retail, supply chain management refers to the set of processes and activities involved in managing the flow of products from their point of production to the final consumer in-store. Its primary goal is to optimize each step of the process, aiming to effectively meet customer needs. How can...
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Topic: Good To Know

What Does D2C Mean in Retail?

You may have noticed the growing importance of a certain term in the business world: D2C. Called "Direct-to-Consumer," this strategy has revolutionized the way companies interact with their target market. But what exactly is D2C in the retail industry? D2C is a strategic approach that involves...
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Topic: Good To Know

What is a Retail Membership Program?

The bond between customers and retailers plays a vital role in the prosperity of any retail business. Retailers employ various strategies to cultivate customer loyalty and keep them coming back to their store regularly. One effective approach is through membership programs. In this blog post, delve...
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Topic: Good To Know

What is the Difference Between Retail and Wholesale Trade?

Nowadays, the constantly expanding world of commerce is becoming increasingly complex and diversified. In order to better understand the various aspects of commerce in general and product distribution, the distinction between wholesale and retail trade is essential. But what is the difference...
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Topic: Good To Know

How Much Are Point of Sale Transaction Fees?

Managing a store involves a set of expenses that can have a significant impact on a store's overall revenue. Transaction processing fees are part of those expenses and are therefore an important aspect for retail merchants to consider. This is why a common question is: How much are the transaction...
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Topic: Good To Know

What is Point of Sale Financing?

Increasing in popularity among consumers, point of sale financing is a payment option available at the time of purchasing goods or services. This financing method has pros and cons for both consumers and merchants. More and more retail store owners are wondering whether they should embrace this...
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Topic: Good To Know

Good Customer Service in Retail: 9 Characteristics

Customer service is an integral part of an effective retail sales strategy. In fact, good customer service directly contributes to customer loyalty, the reputation of the company and increased sales. It also helps create a customer-centric corporate culture, which is essential for the long-term...
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Topic: Good To Know

What is a Custom Point of Sale System? Pros & Cons

As a store owner, searching for the perfect point of sale software can be a long and challenging task. The options are plentiful and each comes with its own set of features. Faced with such a complex market, some companies may turn to a personalized option: the custom point of sale. But what does...
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Topic: Good To Know

What is the Store of the Future? 8 Trends to Watch Out For

It is becoming increasingly challenging for retail store owners to keep up with the ever-evolving market. Indeed, the rapid development of technology is revolutionizing our shopping habits and experiences: we are constantly seeking to improve the overall shopping experience for consumers. Although...
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Topic: Good To Know

What Are the Popular Products in 2024?

Curious to know what are the popular products in 2024? Each year, the anticipation of trends and popular products generates significant interest among retailers, as it allows them to track the evolution of new technologies and consumer lifestyles. As we enter the year 2024, it is natural to wonder:...
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Topic: Good To Know

What Is the Typical Profit Margin for a Retail Store?

All store owners know that the profit margin is an important indicator of the store's profitability and financial health. However, there is one question that all retailers ask themselves at least once: what is the typical profit margin for a retail store? It’s not easy to define what the...
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Topic: Good To Know

What Does Dead Stock Mean?

Products sitting on shelves for a long time and items stagnating in warehouses can become complicated to manage. What to do with this dead stock? Dead stock are products that have never been sold to the consumer and that are unlikely to be sold in the future. In this article, we will first...
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Topic: Good To Know

12 Ways to Gain Customer Loyalty

Attracting new customers is very complex. It can even be very expensive for a store, with all the advertising campaigns. Building customer loyalty is much more profitable and requires less investment from retailers. But how to gain customer loyalty? Here are some ways to retain customers: Be...
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Topic: Good To Know

How Do You Spot a Shoplifter

Shopping is generally an enjoyable activity. However, among the seemingly innocent customers, there are sometimes shoplifters, determined to get their hands on products without paying anything. But how do you spot a shoplifter, before they disappear with your merchandise? In this article, we...
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Topic: Good To Know

How to Improve Store Keeping: 7 Tips

Is your warehouse messy? You can't find the items you need to meet customer demand? Don’t panic, there are many ways to improve store keeping:    Invest in technology    Have a clear view of all merchandise    Categorize products    Implement effective and appropriate...
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Topic: Good To Know

How Do SKUs Help in Inventory Management?

Faced with a warehouse full of a growing number of products, dozens of products that turn into hundreds or even thousands, it can become excruciatingly difficult to navigate. Without a robust inventory management strategy, retailers are left with a logistical nightmare. This is where SKUs come in,...
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Topic: Good To Know

Cross-selling Techniques: the Ultimate Guide

Have you ever found yourself in a store, looking to buy a simple tube of toothpaste, only to end up walking out with a cart full of useless gadgets, a new pair of socks and a giant stuffed unicorn? If so, congratulations, you have been the victim of cross-selling techniques! Don't worry, you're not...
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Topic: Good To Know

What is the Key to Success of a Store? 11 Elements to Help You

In retail, everything can be decisive in the success or failure of a store. Some retailers trust their instincts while others have a specific plan from which they do not want to deviate. What is the key to the success of a store? Any retailer would go to great lengths to know the key to a...
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Topic: Good To Know

Who Is the Owner of Consignment?

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...
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Topic: Good To Know

11 Benefits of Inventory Management for Stores

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: ...
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Topic: Good To Know

What Are 11 Major Types Of Retail Operations?

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 ...
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Topic: Good To Know

How to Easily Calculate The Retail Markup

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...
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Topic: Good To Know

14 Benefits of Customer Loyalty Programs (& Mistakes to Avoid)

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...
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Topic: Good To Know

Where is POS Data Stored?

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...
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Topic: Good To Know

17 Inventory Management Techniques (& Their Benefits)

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...
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Topic: Good To Know

Do Businesses Profit From Gift Cards? All the Benefits for Stores

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...
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Topic: Good To Know

How Do You Keep Customers During Inflation: 9 Useful Tips

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...
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Topic: Good To Know

Who Is Responsible for Inventory Control in a Store?

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...
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Topic: Good To Know

What Do POS Systems Track? 14 Things a Good POS Can Monitor

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 ...
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Topic: Good To Know

What is the difference between inventory and consignment?

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...
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Topic: Good To Know

How to Be a Successful Retailer: 11 Awesome Tips

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...
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Topic: eCommerce, Good To Know

E-Commerce VS. E-Tail: What Is the Difference?

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...
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Topic: Good To Know

9 Purposes of In-Store Displays

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...
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Topic: Good To Know

How Long Do POS Systems Last?

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...
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Topic: Good To Know

How Does Consignment Sales Work?

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...
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Topic: Good To Know

What Is the Best Way to Manage Inventory?

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...
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Topic: Good To Know

How Do You Maintain a “Deadstock” Register in Retail?

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...
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Topic: Good To Know

What Sells Best During Inflation?

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...
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Topic: Good To Know

How to Manage Your Suppliers in Retail?

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...
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Topic: Good To Know

What Are the Disadvantages of Consignment Sales?

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...
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Topic: Good To Know

What Are the Advantages of Consignment Sales?

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...
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Topic: Good To Know

6 Examples of Good Loyalty Programs for Your Business

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...
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Topic: Good To Know

Can you Analyze Customer Data With a POS?

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...
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Topic: Good To Know

How to Calculate Physical Inventory Value in 5 Easy Steps

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...
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Topic: Good To Know, Multi-Stores

What Makes a Good Franchise Owner: 8 Important Traits

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...
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Topic: Good To Know

127 Powerful Words to Attract Customers

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...
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Topic: Good To Know

11 Types of Products Sold on Consignment

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,...
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Topic: Good To Know

What Does a Good Loyalty Program Look Like?

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...
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Topic: Good To Know, ReCommerce

How to Calculate Your Consignment Inventory

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...
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Topic: Good To Know

International POS: 9 Essential Components for Your Business

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...
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Topic: Good To Know

Are POS Systems Connected to the Internet?

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...
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Topic: Good To Know

8 Types of Softwares Used in Retail

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...
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Topic: Good To Know

5 Differences Between Point of Sale Softwares and Accounting Softwares

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...
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Topic: Good To Know

What is the Point of Sale Process?

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...
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Topic: Good To Know

Find The Best POS System For Your Needs in 9 Easy Steps

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....
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Topic: Good To Know

8 Reasons to Switch to a Cloud Point of Sale System

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...
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Topic: Good To Know

6 Necessary Point of Sale Hardware Components

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...
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Topic: Good To Know

PriceCharting and Alice POS: New Seamless Integration

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...
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Topic: Good To Know

Retail Business: 4 Roles of a POS System

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...
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Topic: Good To Know

10 Benefits of an Electronic Shelf Labelling System

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...
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Topic: Good To Know, ReCommerce

ReCommerce: An Incredible Retail Opportunity With Alice POS

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...
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Topic: Good To Know

6 Tips for Choosing Point of Sale Software

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...
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Topic: Good To Know

5 Retail Point of Sale Strategies

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...
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Topic: Good To Know

Making Life Easier With Alice POS Integrations

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...
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Topic: Good To Know

Getting Started With a New POS: Easy Migration & Training

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...
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Topic: Good To Know

Optimizing Operations with POS Data Analysis

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...
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Topic: Good To Know

Initiating an Economic Recovery and Staying Productive Post-Covid

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...
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Topic: Good To Know

4 Types of Point of Sale Terminals

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...
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Topic: Good To Know

Your New POS System Does Not Have to Be So Expensive

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...
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Topic: Good To Know

27 Advantages of a POS System

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...
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Topic: Good To Know

6 Key Features of a POS System

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...
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Topic: Good To Know

What Are Inventory Management Systems?

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...
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Topic: Good To Know

Is Installing a New POS Safe?

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...
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