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Archive for the ‘Managing Retail Costs’ Category

5 Simple Warehouse Cost Cutting Tips for Retailers

May 13th, 2014

Category: ERP Enterprise Resource Planning, Managing Retail Costs, Online Retailing, Retail Business Tips

Small to medium size retailers often overlook the performance of their warehouse. They are focused on the performance of their stores, so as long as there is room in the warehouse for incoming stock and stock gets to the stores on time, retailers tend to turn a blind eye to the internal operation of their warehouse. With retailers experiencing reduced margins, and warehouse space and staff costs typically in the hundreds of thousands of dollars, many retailers are looking to reduce expenditure in their warehouse operations. One possibil...

Retail Success Story: Neeto

February 6th, 2014

Category: Customer Relationship Management, Managing Retail Costs, Point Of Sale Systems, Retail Business News, Retail Business Tips, Retail Innovations, Retail Selling, Retail Success Stories

Company Background Operating for just over 18 months, the Neeto concept was borne out of the idea that the traditional newsagency model is outdated and needs to change. To that end Neeto operates both as a newsagency and a specialist stationary retailer similar to kikki.K, Typo and Smiggles. Stuart Cheng, Neeto Managing Director, explains: “Traditional agencies might sell some stationary but they often go for the big brands which are a dime a dozen. If you want to succeed as a newsagency today, you have to add something different because tr...

Retail Recap 2013: What this means for your business next year?

November 12th, 2013

Category: Managing Retail Costs, Online Retailing, Point Of Sale Systems, Retail Business News, Retail Business Tips, Retail Innovations

You know it’s a good sign when retail sales are showing an increase of 2.9% in September 2013 compared to the same month in 2012. Might it signal we’ll enjoy strong Xmas trading this year, helping retailers end the year ‘with a bang and not a whimper?’ It’s almost mid-November and time to reflect on what has shaped up as the important signposts this year. Significantly, how will these markers influence how you run your business next year? Retail innovation strong in 2013 While there have been some ‘nice’ increases in retail sales ...

Retail Success Factors, Part 1: Lower costs in a tight retail environment

March 13th, 2013

Category: ERP Enterprise Resource Planning, Managing Retail Costs, Point Of Sale Systems, Retail Business News, Retail Business Tips

How do you overcome skyrocketing retails costs like increased rent, higher staff wages and increased marketing costs as mentioned in a recent article, retail struggling due to rising costs? The news isn’t all dire. There is definitely a way to get around rising costs and even be profitable today. The key is you need to do two things well and do them well on a consistent basis. The first one is to keep a tight lid on costs, and the second one is to find innovative ways to increase sales. Today we explore the first success factor to retailing...