What Is Perpetual Inventory? (+ Tips and Tools To Implement)

Inventory management is a crucial aspect of owning a retail business. To be successful, you need to have a ...

What’s the Average COGS for Retail? Everything You Need To Know

Imagine your store bustling with customers. Their carts are overflowing with items, and your checkout lines are constantly in motion as a steady stream of shoppers make their purchases.

What Is Safety Stock? Definition, Formula, and How To Minimize

Modern customers have more options than ever. If your retail store consist...

7 Liquor Store Promotions You Need To Try Immediately

What’s the only thing your customers love more than their favorite cocktail?

A Retailer's Guide to Cycle Counts: Best Practices for 2024

When your physical inventory doesn’t match your inventory records, three things suffer: your customers, your staff, and your bot...

6 Best POS Systems for Retail Stores in 2024

A point of sale (POS) system is so much more than a way to accept payments. The right POS system manages the bulk of your retail business, from restocking and inventory tracking to

What Is Dead Stock? Meaning, Definitions, and How To Manage It

Everyone loves a good clearance section, but when unsellable goods take up space in your warehouse, they become a problem. That problem? Dead stock. Without proper

Why Is Grocery Inventory Management So Important? [+ 3 Best Tools]

For some grocers, few words are more terrifying than “inventory management.”

Weighted Average Inventory Method 101: Basics, Calculations, and Tools

Imagine trying to bake a cake without a recipe — a dash of salt here, a pinch of sugar there, maybe a sprinkle of baking soda. You may feel like you have the right pieces of the puzzle

What Are Chargebacks in Retail? (& 6 Ways To Avoid Them)

There were 238 million chargebacks in 2023. And at an average cost of $191 per chargeback, that adds up to a lot of lost revenue...