How Electronics Retailers Can Improve Inventory Management Before the Holidays

electronics-retailers

The holiday season is the grand stage where electronics retailers can’t afford to fail. One of the best ways to prepare for it is to have a good inventory management strategy. How can you get your strategy  ready in time? Worry not. Here are tips you can apply now to help you improve your inventory management before the holidays.  Strategies to Improve Inventory Management Shift to Cloud In recent years, the usage of cloud software has grown significantly. According to…

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How Buy One, Get One Can Improve Your Sales

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There are many different methods to increase your sales. Discounts are an effective short-term strategy that retailers use when inventory is moving slower than expected. Contrary to popular belief, not all discount techniques are created equally. Though the traditional discount sales are effective, Buy One, Get One (BOGO) has become one of the more popular choices for retailers lately. To help you boost sales and profits, we broke down how and why BOGO works. Free vs Percent Off It goes…

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4 Tips To Use When Competing With Amazon

4-tactics-against-amazon

Since its creation 20 years ago, Amazon has become an online retail leader with 23% market share. They have shown their dominance in a number of ways with free shipping on orders over $35 and low prices that keep the market on its toes. From a retailer’s standpoint, competing against Amazon may seem intimidating, but don’t lose hope yet. You can create a David and Goliath story of your own with these four tips to compete against Amazon. Keep It…

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3 Strategies Retailers Should Focus On In The 2nd Half of 2015

2nd-half-2015

This past Tuesday, June’s sales numbers came out and it seems like it wasn’t retail’s month, but there a few things retailers can do to turn things around. Concerns about a slowing economy have been raised due to U.S. retail sales falling short of expectations in June. The Department of Commerce found that spending decreased 0.3 percent in June, compared to May’s large 1.2 percent boost. However, don’t lose hope yet! You still have the 2nd half of 2015 to…

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[Infographic] SuperCharge Your Multi-Channel Retail Strategy

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If you’ve been keeping up with retail in 2015, you should know that multi-channel retail is the name of the game. Sticking to one channel is an outdated and less profitable idea, and with mobile and desktop commerce on the rise, there has never been a better time to invest in multiple channels for your business. How are you going to include more selling channels in your strategy? Sure, the more channels you have the better, but they are ultimately…

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