YOOBIC, the innovator of the all-in-one Frontline Employee Experience Platform, today announced the launch of YOOBIC Communities, a powerful expansion of the YOOBIC app designed to enable companies with frontline workers to drive engagement and give employees a shared space to build collaboration, camaraderie, and a sense of common purpose. […]
Retail
A digital-first store critical to driving stronger connections with customers It’s not only the store format that will change, but also the technology within the store. To improve the customer experience, retailers need to embrace a range of technologies such as smart digital shelves, digital fact tags, and QR codes […]
Last In First Out (LIFO) Accounting For Retail Business LIFO, on the other hand, evaluates inventory based on current wholesale market prices rather than what businesses actually paid for products in the more distant past. It typically calculates a higher cost of goods sold and in turn a lower profit […]
The economy is in a scary place right now. News articles report decreasing consumer spending. But, if you’re savvy, I promise you can succeed. Today I’m going to show you how to increase sales in retail, even during a recession. But, before we get started. Have you heard about the super […]
Co-authored by: Kaleigh Bisconti If you visit our corporate headquarters in San Jose, California, be sure to check out the Cisco Store Tech Lab in Building 11. Remodeled and opened May of 2018, the 2500-square-foot store not only offers merchandise ranging from apparel to backpacks, but also showcases our […]
If you’re a business owner, then you know how important it is to track your store’s performance metrics. But what are the most important metrics to track? In our opinion, it’s people counting, store occupancy, and conversion rate. Here’s why: People Counting The first metric you should track is people […]
Artificial intelligence is taking the retail world by storm, and it’s not hard to see why. AI has the potential to change the way we do business forever. So, what exactly is artificial intelligence? It’s a computer system that can act like a human, learning and making decisions based on […]
Are you thinking about scaling up your food business with a major retailer? Whether you’re expanding your product line or increasing production, there are key elements you’ll need to have in place before contacting a major retailer. I have seen many excited food entrepreneurs get into major retail stores only […]
A few months ago, TFR commented about the merchandise lifecycle and how retailers, specially apparel ones, deal with stock managament. Following the value chain process, this article aims to describe one of the main areas within the business of fashion: Designing. Designing (part 1/2) The Design Department is probably the […]
In November of 2021, Therabody earned a No. 61 ranking on the Deloitte Technology Fast 500™, and a big reason for its 2,742% growth was increased retail distribution.