What Is Shrink In Retail: Causes, Consequences, and Solutions
In retail, shrink refers to the loss of inventory or assets. This phenomenon can happen due to various factors, such as theft, errors, and damages. ...
Latest on Business Operations, Inventory Management, Money Saving Tips
How Much Do Electronic Shelf Labels Cost?
Electronic shelf labels (ESLs) have become a popular solution as retailers continue to seek innovative ways to enhance their operations and improve customer experiences. These ...
Bakery Insurance Cost: A Retail Guide
Insurance is an overhead cost that no retailer can avoid. It provides peace of mind and financial protection. Plus, state and federal laws require insurance ...
Payment Gateway vs. Payment Processor: What’s the Difference?
As online transactions become more prevalent, businesses need to understand the differences between payment gateways and payment processors. While the two terms are often used ...
Announcement: Square Raises Their Rates and Fees
On March 1st Square announced that they will be making several changes to their pricing and fees across different aspects of their company. According to the announcement, ...
What Is a Third-Party Payment Processor? The Ultimate Guide
One of the numerous challenges facing small and medium-sized businesses (SMBs) lies in processing cashless payments such as credit cards. Despite it being an afterthought ...
Switching POS Systems – Signs It’s Time for A New POS and How to Find the Right Solution
The purpose of POS software is to run your store smoothly, not create endless headaches. If you’re reading this article, perhaps you’ve dealt with some ...
How Much Do Car Wash Owners Make?
Starting a car wash can be a profitable business to get into. More than 72% of drivers in the U.S. frequently use professional car wash ...
How Much Do Franchise Owners Make?
The idea of starting or buying a franchise is attractive for many reasons: being your own boss, investing in your community, and earning a lot ...
How Much Does It Cost To Open A Winery
Artisanal beverages are a consistently growing industry. The increasing momentum among consumers of locally-sourced food and farm-to-table eating and drinking has opened up many opportunities ...
What Is The Work Opportunity Tax Credit
There are a number of provisions and programs that the government has implemented in an effort to alleviate occupational barriers for certain groups of Americans. ...
What Is Inventory Valuation In a Retail Business? Why It Matters
Inventory is the heart and soul of any retail store. Without inventory, there are no sales. And as a retail manager or owner, having an ...
