If the word strategy feels a bit grand, it shouldn’t. A strategy is just a plan that fits your business. It gives a business focus and direction, a sense of purpose. You don’t need to create a 30 page business plan, a business strategy can be jotted down on a…

Stock turn indicates how quickly a retailer’s stock is sold and then reordered. A simplistic calculation is: Stock turn = Number of items sold ÷ Average stock level. For example. A retailer sells 10,000 items in a year, and on average holds 2,500 items at one time. 10,000 ÷ 2,500…

The BERR’s "Productivity in the Retail Sector" Report describes how best practice in retail is about increasing productivity. Productivity is the measure of making more profit from the same resources. The bottom line is that improvements in productivity will improve your profitability. And there appears to be room for improvement…

Q. I am launching an e-commerce arm to my retail business. I am wondering about the software required to present the product shots on my store website. Is this part of the job of the company who provides the web-design?Read more...

So, how on earth do you find EPoS software that will suit your business and deliver true benefit? Here’s a guide to help. 1. Choose an EPoS partner not a supplier. Head and shoulders the number one priority is to find a partner you are comfortable with. This is not…