Processing Cost per Order measures the efficiency of your warehousing and order processing in relation to your revenue. This Retail KPI looks at the throughput of orders as a measure, as opposed to revenue, because in the majority of situations, the value of an order doesn’t effect how long it takes to make its way through your warehouse.

We may be in the middle of a heatwave, but it’s already time to turn your minds to tinsel, turkey and Christmas inventory. It feels like Christmas rolls around earlier and earlier each year - especially with the growth in popularity of Black Friday and Cyber Monday.

Since the UK General Election earlier this month, the Brexit debate has reared its head again. What’s going to happen? What will consumers do? What should retailers do? The questions really are endless when thinking about Brexit and how to make the best of it.

The 30 Day Cash Forecast is a Retail KPI that can be implemented in any business. It’s also a metric that’s often avoided amongst younger businesses, perhaps due to perceived complexity, but more likely because it’s too difficult without a system.

There was once a time when accounting and bookkeeping occurred in a darkened room by one individual. Any updates on how the retail business was doing were left until this individual had gotten on top of the books and sent a report back on what has gone well, what not so well and how things can be improved.

Seeking attention for your online business?

Hoping to gain increased sales soon?

Aiming to introduce something fun to your business strategy?

Look no further than flash sales.

Flash sales are a great way for ecommerce businesses to generate attention, sales and stir up some fun for consumers both loyal and new. They are quick, often unexpected and allow merchants to sell inventory that’s reaching its expiration date or push out inventory that may be new to market. With no firm rules and flexible expectations, flash sales are undoubtedly among the most underutilized yet worthwhile marketing strategies ecommerce businesses can use.

The Perfect Order Rate is a Retail KPI that measures how well your business is faring against its customer-centric goals. Are your customers receiving the right products? And in the condition and time frame that was promised? Businesses with higher Perfect Order Rates typically see more repeat business and faster growth.

As a retailer, you don’t need to read the daily headlines about the state of retail to be very aware that innovating and streamlining your operations is becoming increasingly essential to staying competitive and growing your business.

There are many ecommerce platforms available to business owners, whether they are budding new startups or established international brands. One of the most popular of these is Shopify: flexible, easy to get started and with the ability to grow with your business, hundreds of thousands of merchants around the world have chosen it to host and run their online stores. In this piece, Shopify experts EastSide Co take a look at some of its benefits.

Theresa May (UK Prime Minister and Leader of the Conservative Party) has launched a General Election in the UK, due to take place next week on June 8th. Although this election is to decide who will govern the UK going forwards, whichever party wins must be able to cope with the pressure of knowing how to make the best of ‘Brexit’.