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From shoplifting to cyberattacks retailers must navigate an array of risks both in physical stores and online platforms. Effective risk management involves identifying these threats, implementing preventive measures, and staying ahead of emerging vulnerabilities. As per Merchant Savvy, global card fraud has reached $35.8
Inventorymanagement – Managinginventory in wine and liquor retail can prove to be a big headache. They can provide guidance to customers in the aisle as they browse, upsell to increase basket size, and even take payment so that customers avoid checkout lanes.
IoT in Retail: Understanding the Ins and Out Fundamentally, the Internet of Things (IoT) is the network of physical objects—devices, cars, appliances, and more—embedded with sensors, software, and other technologies allowing them to connect and transmit data with other devices and systems over the internet.
Mobile payments and rewards, the drive to provide healthier options, and consumers’ demand for fast service without compromising on quality have affected every type of restaurant. Uber Eats, DoorDash, and others may be delivery platforms, but they are also key discovery portals as well. You don’t want to be invisible there.
Whether you’re managing a single store or a vast network of locations, a powerful POS system can streamline transactions, boost sales, improve inventorymanagement, and provide valuable insights into your business performance. Automate reordering processes with alerts for low-stock items.
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