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Inventory Management Tips for Retailers to Reduce Overstock and Increase Profits

RETAIL MANAGEMENT SOFTWARE

Whether you’re selling sneakers, sofa sets, or fine jewelry, carrying too much stock ties up cash, eats up space, and leads to markdowns. According to the National Retail Federation (NRF), retailers lose an estimated $50 billion annually due to inventory distortion, which includes overstock and out-of-stock issues. So, why wait?

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Maximize Your Success as an Etsy Shop Manager with Proven Strategies

Small Biz Trends

Key Takeaways Streamlined Operations: Etsy Shop Manager simplifies order management and tracking, allowing sellers to fulfill orders efficiently and maintain high customer satisfaction. User-Friendly Dashboard: A centralized dashboard offers a quick overview of critical metrics, simplifying the management of inventory and sales.

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How Brands Can Turn Viral Moments into Lasting Consumer Loyalty

Retail TouchPoints

Managing Viral Product Moments: A New Challenge With social media driving many purchasing decisions for younger consumers, the possibility of a product going viral is both a massive opportunity and a logistical challenge. Effective management of these moments requires more than just logistics. The key lies in preparation.

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Effective Strategies for Saving Money During the Holidays

Small Biz Trends

It enables you to manage cash flow while maintaining a joyful holiday atmosphere. Utilizing technology solutions such as budgeting software can streamline your financial management. This strategic approach not only enhances operational efficiency but also supports effective inventory management during the busy holiday season.

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Shop Touch Screen Maintenance: Keeping Your Technology Running Smoothly

CJ Retail Solutions

In the bustling environment of a modern shop, your touch screen system—whether it’s a point-of-sale (POS) terminal, a customer-facing kiosk, or an inventory management tablet—is more than just a piece of hardware. Regular data management is key to keeping your system lean and efficient.

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7 Essential Strategies for Craft Business Growth

Small Biz Trends

Implement effective financial planning to manage costs, set prices, and track profitability for sustainable business growth. Automate tasks like inventory management with software to save time. Develop a unique selling proposition that clearly articulates what sets your craft business apart in the market.

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How Data and Tech Power Jewelry Brand Pandora’s Mission to ‘Give a Voice to People’s Loves’

Retail TouchPoints

Source: Pandora) Best known for its charm jewelry, the “affordable luxury” brand sells more than 100 million pieces every year, making it the largest jewelry brand in the world by volume. Globally, 80% of women are familiar with the brand and 30% of them own a Pandora item, so the stakes for the brand’s digital transformation are high.