Retail Operations and Merchandising

How Business Owners Can Calculate Operating Cash Flow: Explanation + Formula

A striking 82% of small businesses collapse due to mismanaged cash flow, not lack of profit. What, then, is the…

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Retail Gamification: How to Use It to Your Advantage

Intuitively, we all know that games are fun, but what if you could use that insight to your advantage in…

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How to Create Point-of-Purchase Displays That Increase Retail Sales

Point-of-purchase (POP) displays are a marketing technique used to draw shoppers’ attention to specific items in a store. They can…

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How to Conduct a Retail Store Audit

Assessing your retail store’s performance is more than measuring conversion rates and in-store traffic. Instead, conducting a full retail store…

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Retail Markdown Strategy: How Retailers Can Implement It With Success

A retail markdown strategy involves a permanent price decrease on an item at the end of its lifecycle. The goal…

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What Is a Consumer Product: Definition, Types, Examples & Marketing Considerations

In marketing, a product is anything that can be bought and sold that meets a want or need of a…

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8 Retail Pricing Strategies to Maximize Profits

If you want to grow your business, a good place to start is by reviewing your retail pricing strategies. A…

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What Is Cross Merchandising and How to Get It Right?

Marketing pioneer and visionary Morris Hite said: “Advertising moves people toward goods; merchandising moves goods toward people.” Cross merchandising is…

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A Beginners Guide to Point-of-Sale Advertising

One of the most difficult parts of sales is actually closing the sale. But once you’ve finally gotten a customer…

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How to Encourage Different Types of Shoppers to Purchase from Your Shop

You can’t approach every customer with the same sales techniques because each buyer is uniquely different. In fact, shoppers are…

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