5 Retail Inventory Management Tips for the Holiday Rush
During the holidays, retail stores see more foot traffic and increased demand. This can quickly strain inventory if you’re not prepared. In order to remain efficient and meet customer demand during the holidays, retailers need to stay on top of their inventory of essential supplies, from packaging and cleaning products to everyday breakroom items. Not […]
What Retail Businesses Need From Suppliers
The retailer-supplier relationship is one of the most important ones in the retail industry. It can affect profitability, customer satisfaction and daily operations. Without the right supplies and inventory, retail stores struggle to function and do business efficiently. This makes finding the right supplier key. Read on to learn what retail businesses need from suppliers. […]
What is Underconsumption and What Does it Mean for Retailers?
In recent years, underconsumption has become a widespread trend across social media and among consumers for various reasons. At the core of underconsumption is consuming less, especially if the expense or product can be viewed as unnecessary or nonessential. While many factors outside of the retail industry have driven this trend, consumers purchasing less has […]
Retail Store Opening Checklist: The Forgotten Essentials
Opening a retail store is an exciting endeavor, one that involves a lot of steps. Beyond merchandising and hiring staff, creating a fully functional facility is at the core of a successful opening. Having the right supplies and processes in place ensures smooth operations, regulatory compliance and a stellar first impression. You’ve probably already stocked […]
The Benefits of Omnichannel Retail
In today’s rapidly evolving retail landscape, offering customers the flexibility to shop across multiple channels is no longer a bonus—it’s a necessity. Omnichannel retail creates a seamless shopping experience across multiple channels by integrating brick-and-mortar stores, e-commerce platforms, mobile apps and other touch points into one cohesive process. While consumer expectations continue to shift as […]
How Retailers Can Meet Customer Expectations in the Modern Age
Modern shoppers expect speed, convenience and reliability in every shopping experience. Whether they’re shopping online or in-store, they demand fast delivery and product availability for seamless transactions. To stay competitive in the age of instant gratification, retailers must optimize their operations to meet the expectations of their customers. Read on to learn how. Strategic Inventory […]
5 Retail Mistakes to Avoid
Running a successful retail business involves more than just great products and customer service. Behind the scenes, operational efficiency plays a critical role in a retail business’s success and customer satisfaction. From packaging decisions to inventory management, even small missteps can lead to wasted resources and increased costs. Avoiding these common pitfalls can help retail […]
Why You Should Embrace Multichannel Retail
You’ve probably heard the terms “single-channel” and “multichannel” floating around for a while, but what do they mean? In short, they’re both retail strategies that define how you approach selling and marketing products to your customers. Single-channel is exactly what it sounds like; choosing one avenue to reach customers. Multichannel means reaching customers on multiple […]
3 P’s to POP Off the Shelf
When it comes to making a product stand out on the shelves, Orora believes in the 3 P’s: product, packaging, and point-of-purchase (P.O.P.) displays.
