Great news - you’ve seen it through to the other side of Amazon Prime Day! Hopefully you had a booming increase in sales and have convinced some of those customers to become loyal shoppers with you.
Let’s get straight to the point here… excess inventory for retailers is never ideal – period. The reality is that when merchants carry too much inventory, their budgets become strained and their stock becomes overwhelmed, which ultimately leads to a variety of operational nightmares that retailers should aim to avoid. Keeping this in mind, consider these do’s and don’ts when it comes to managing surplus inventory for your retail business.
2016 was a glowing year for retail as more consumers’ disposable income levels rose, leading to more spending online and in-store. As the year turned to 2017 and retailers were looking beyond sales figures and into their operational details of profitability, margins, innovation, and their ability to compete, things didn’t looking so rosy.
Once an order is shipped, typically, you will generate an invoice to send to your wholesale customers, or you will simply mark your order as invoiced for your retail customers. Invoicing is core to any retail business’ accounting to correctly recognize revenue and manage customer and supplier debt. However, even the simple process of invoicing can lead to mistakes, if not done correctly, which quickly leads to incorrect financials. So, let’s discuss how and why you should automate your invoicing through the use of an omnichannel retail system to keep things slick and streamlined.
The experts over at iWeb have been designing and developing websites for over 20 years for clients of all shapes and sizes, so when it comes to website briefs, they've seen it all - the good, the bad and the ugly.
The early days of flash selling are often pointed back to 2004 and the emergence of online deal-of-the-day retailer Woot. Many lessons have been learned since then, mainly, that a deep-discounting retail methodology cannot stand on its own as the core to a merchant’s business model. There needs to be practical and logical reasons and uses for flash selling, along with a well-thought out plan.
Hello and welcome to June: In Review
The end of June is upon us so that can only mean one thing… it’s time for our recap of this month’s hottest retail, ecommerce and digital marketing stories. There were lots of updates breaking the headlines in June including a revolutionary shopbot and updates for business advertising on Snapchat. We’ve also picked some great educational pieces on how to get ready for the holiday season and how you can really conquer flash sales.
Two-time award winners of the Magento Imagine Award for Excellence in Mobile Experience, JH know the importance of keeping one step ahead of the customer in terms of trending behaviors. Here they take a look at what’s what, and what’s next, in ecommerce.
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.