Spring may feel like it’s still a while away but with days becoming longer and nights shorter it’s time to prepare for your retail store for the new season.
There is no doubt that purchasing an EPoS system can represent a large capital investment. Rather than focus on the day one cost, it’s better to consider how using the system will benefit your business and how long it might take to pay for itself. EPoS can provide tangible savings on employee time and accounting. At the same time it can provide an uplift in sales through accurate pricing and by improving efficiency of your stock control. For some businesses, installing an EPoS system can be the first time that you begin to create a database of customers and customer behaviour. Using this data in effective ways can pay for the EPoS software many times over. It can also provide benefits that while clearly benefiting your business are a little more intangible like improving the customer experience. Ultimately, what you get out of your EPoS system will be dependent on the choices you make in terms of hardware and software, so invest sufficient time to make an informed decision.
One of the main concerns for business owners is reducing costs that derive from inventory loss and shrinkage. Many retailers lose stock between the point of manufacture, purchase from a supplier and the point of sale which can cause significant costs to their business. Continue reading
Festive season is just a few weeks away and retailers need to start preparing for Black Friday which falls on 25th November this year. Continue reading
When you begin running your own shop, it is important to know how you are going to measure success. What does it look like to you and how will you know if you need to make improvements? Many business owners set themselves their own KPI’s or key performance indicators that can be regularly reviewed to ensure they stay on track.
More and more, money is becoming a less physical presence in our lives. Today, you can simply place a plastic card or iPhone against an electronic device and instantly pay money. The use of currency is becoming further obsolete by the day. But, people are still questioning the safety of electronic payment methods.
Choosing and investing in the right EPoS system requires a lot of thought and research, as it can be a large but fantastic investment for your business. Therefore, you have to make sure that it meets all your needs. Continue reading
Now that summer is behind us and winter is rapidly approaching, it’s time to start thinking about the forthcoming holidays. In 2015, retailers took £24 billion over Christmas, a figure that clearly shows the importance of having your shop ready for the festive season. Continue reading
As more retailers revamp their in-store tech, we explore what are the benefits of introducing touch screen systems within your business. Continue reading