The Retailer’s Guide to Liquidating Inventory For Maximum Profit Inventory is one of the cornerstones of any retail business. It’s also a retailer’s single biggest expense, and managing it efficiently is crucial for success. The March 2022 manufacturing and trade statistics from the U.S. Census Bureau reveal that for every dollar a retail business makes…
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What’s in a number? No, we’re not talking about your age, numerology, your lucky number, or even your favorite player’s jersey. We are talking about inventory. Auto-Star has been developing inventory management systems for over 30 years. From pharmacies to supermarkets, our customers all across North America see the benefit of using software solutions…
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Pharmacies are a staple to every town, and they have unique demands and struggles. It can be easy getting caught up with the work at hand and forgetting about updating your technology. However, since pharmacy management is a delicate balancing act between providing for patients, managing inventory, and providing proper care, you must invest…
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Independent retailers need to leverage all of the tools they can to compete against big box competitors in an increasingly online world. Your customers want to shop local and support their friends and neighbors’ businesses but sometimes it’s just too tempting to buy from an online seller. Especially when you’re not sure if your…
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Customers are more health-conscious than ever before, and health food stores are facing a lot of opportunity, as well as a lot of competition. Health stores have been experiencing a surge in popularity, which is beneficial to these retailers, as long as they have the tools in place to handle the increased foot traffic, as…
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For natural health store owners, maximizing sales will always be a constant goal. One of the most effective ways to do that is through ecommerce. Ecommerce has played a huge role in driving sales and helping natural health retailers gain a wider audience. Your target audience is already buying products online, so the last thing…
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Inventory shrinkage is a growing threat to retail businesses, with over $47.8 billion lost in 2018 alone. Out of all retail business, grocery stores are unfortunately one of the largest targets for shoplifters. Although some loss is inevitable, here are three steps you can take to lessen the damage and discourage grocery store theft. …
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When making efforts to grow business, retailers often begin with adjusting factors such as price and materials. Although important, these changes may not give you the serious growth you’d like to see in your retail store, and can impact your product quality. Fortunately, there’s one essential component that can both lower your costs and increase…
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