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How Hot Topic and Lamps Plus Mastered Inventory Management and More

Retail TouchPoints

The retailer has seen digital sales shift away from next-day deliveries, which now account for just 18.2% of orders, toward two -day or later windows, which account for 80%. Hot Topic has found that predictability — not necessarily speed — is among the most important aspects of the customer experience.

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14 Point of Sale Systems for Small Businesses in 2023

Small Biz Trends

A point-of-sale system is one of the best tools for small businesses looking to accept payments. Point-of-sale systems enable business owners to be more agile with their payment processing and forego using the cash drawer. What Is a Point of Sale POS System? Best Overall Point of Sale Systems.

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3 Keys To Efficient Retail Accounting 

Retail Minded

Managing and accounting the finances of a retail business is not an easy job, but it has to be done efficiently to ensure the business can diligently track revenues and losses. . Efficiency in accounting cannot be achieved without the right people in place. Another important aspect of accounting is financial reporting.

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How Edge Computing Enables the Retail Store of the Future

Retail TouchPoints

Technology — specifically edge computing — provides the foundation for a better customer experience, real-time inventory management, enhanced security and loss prevention and in-store analytics. The store knows what you took from the shelf and put in your cart and can charge you for it on your account that’s linked to their system.

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Guarding the Retail Fortress: Cybersecurity Challenges and Network Interruption Risks

Retail TouchPoints

The Evolving Threat Landscape Retailers increasingly rely on digital platforms for sales, inventory management and customer engagement. A network outage can mean lost sales in the short term, as shoppers simply move to another brand for that purchase, or losses in the long term if that customer does not return.

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Maximizing Retail Execution: A Strategic Guide to Overcoming Out-of-Stock Challenges with Wiser Solutions

Wiser

Observation of Issue The journey begins when a sales leader, while reviewing monthly account performance reports, notices a trend in increasing out-of-stocks noted by the field sales team upon their arrival to a store.

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How can a retail management system help retailers become efficient, save costs and make them ready for the holiday season

I Vend

When it comes to efficiency, one of the most effective strategies for a retailer is to have a retail management system. Not just a point of sale, but a fully integrated suite of retail functions – including in-store and online sales orders, inventory visibility, goods receipt, staff rostering, payroll, marketing and accounting.