5 Retail Trends for 2021: How You Can Adapt Your Business To Stay In Step In a fast-moving retail world, you need to stay informed about changes and new trends, and you need the ability to adapt quickly to them. Here are 5 trends and how you can adapt to accommodate them. Trend #1: Shoppers… Continue reading Retail Trends 2021: What are they and how you can adapt
Category: Retail
The Top Eight KPIs Retailers Should Be Tracking (with Formulas) for Your Retail KPI Dashboard
As a retailer with a top notch retail management system, you have access to a plethora of metrics. It’s easy to get overwhelmed with the amount of data at your fingertips, so this is where Key Performance Indicators (KPIs) help you determine which metrics can be used to keep your business moving in the right… Continue reading The Top Eight KPIs Retailers Should Be Tracking (with Formulas) for Your Retail KPI Dashboard
How Old Technology Can Negatively Impact Your Retail Business
Your business technology applications and platforms keep your retail business running, connecting the entire business so you can have visibility into every aspect and make smart decisions while delivering excellent service and giving customers what they want. That is, however, if you’re not using old, outdated technology. If you’re hanging on to legacy systems, you… Continue reading How Old Technology Can Negatively Impact Your Retail Business
How To Use the LS Retail Weekly Menu Planner for Restaurants
Restaurants using LS Retail’s LS Central ERP solution can use the Weekly Menu Planner to plan weekly menus, including the ability to plan for, purchase, and produce recipes all within the LS Central. Producing recipes within LS Central helps with tracking costs as well as quantity of ingredients on hand. When recipes are created in… Continue reading How To Use the LS Retail Weekly Menu Planner for Restaurants
The Benefits of Online Marketplaces for Omnichannel Retailers
Successful retailers today—with very few exceptions—are successful because they embrace and support an omnichannel strategy. To reach today’s consumer, you might be able to get away without a brick-and-mortar presence, but you must have some sort of eCommerce presence. And beyond your eCommerce site, you need to have a presence in social media for loyalty… Continue reading The Benefits of Online Marketplaces for Omnichannel Retailers
How To Use LS Central Quick Service Restaurant Functionality
Restaurants that offer quick service or counter service can benefit from the functionality offered in LS Central’s hospitality module. From the cashier at the POS to the chef in the kitchen and the expediter delivering the meal, everyone is working together, in the same system, to communicate and deliver customers exactly what they order—quickly and… Continue reading How To Use LS Central Quick Service Restaurant Functionality
Ways to Reduce Retail Shrinkage and Start Protecting Your Profits
Shrinkage costs the global retail industry over $100 BILLION annually. In 2019, roughly 6 percent of retail shrink was literally unaccounted for, meaning nobody could classify a loss under any of the shrink categories. And another survey averaged the retail industry shrink rate in 2019 was nearly 2 percent. If you’re a retailer, these numbers… Continue reading Ways to Reduce Retail Shrinkage and Start Protecting Your Profits
6 Reasons Why You Should Move from Microsoft RMS to Omnichannel
Microsoft’s Retail Management System (RMS) 2.0 was a popular POS platform that worked well for small and midsized businesses operating single or multiple stores. At one time, there were upwards of 45,000 customers using the product. RMS was able to provide advanced retail features, including managing multidimensional inventory, receivables, reporting, and interfaces with a wide… Continue reading 6 Reasons Why You Should Move from Microsoft RMS to Omnichannel
Retailers Can Use Reservations Systems to Provide Safe Personalized Shopping Experiences
Reservations have historically only been used by restaurants, spas, hotels, and other service providers, and they are depending on them even more during the pandemic to manage capacity. But reservation systems are catching on across retail sectors. Studies show that nearly a third of shoppers surveyed say they will not be returning to in-store… Continue reading Retailers Can Use Reservations Systems to Provide Safe Personalized Shopping Experiences
Sign up for the First NRF Virtual Big Show 2021
2020 was a tough year for retail, but that didn’t stop retailers from fighting the fight. Things were certainly disrupted, but they moved forward and will continue to do so. It was with that attitude in mind that NRF retooled its annual Big Show, changing the format to fit the times, but not backing off… Continue reading Sign up for the First NRF Virtual Big Show 2021