What are consumers expecting in today's day and age when it comes to retail and how has the retail market changed? Well, the short answer to both of these is: "a lot"! Here's a look at the top 10 retail trends in today's retail market.
2017 was a big year for lots of things, especially retail. Here’s a quick look at 5 of the stories that made the top of the list.
ERP & POS: here's the difference between the these two systems and why they are better together.
The Amazon's of the world have and will kill the big box and/or single dimensional retailer. But, the smart retailers are thriving and will continue to thrive long into the future because they have become a destination with efficient operations and multiple revenue streams. It is a trend that is gaining momentum and the tiny store concept, with its agility, is driving that charge.
Everyone wants to lower costs and increase sales, but sometimes we try too hard. New initiatives and ideas can result in over-engineering, high expenses, and rules that hurts sales, rather than boost them.
Most store staff keep quiet and do the best they can. No one wants to be the whiner. Management will fire them before they get rid of the POS. What the retailer doesn't realize is that the POS is literally costing them MILLIONS.
It’s easy to make the mistake of correlating small business and consumer products like Google Wifi with the notion that they can’t work for big businesses and serious environments.
Influencer campaigns work and is one of the fastest growing areas of marketing and a hot trend in 2017.
Your shoppers are unique, curious and crafty human beings capable of greatness while doing it in style. Your retail wares and store culture should help them with this mission. Don't be assimilated by your POS.
There are a few popular apps that appeal to retailers running on Salesforce. All of them can be integrated with SuitePOS and many other solutions by Salesforce and their AppExchange partners.
Here are a few popular SuiteApps that work well for retailers running on NetSuite. All of them are compatible with SuitePOS and many other NetSuite native apps.
Shoppers go to the store to try on, feel, touch. I promise you, we are at least 25 years away from Debbie being able to virtually touch the rough textured fabric and see the light bounce off of the blue leather from its confines of the warehouse.
Money conscious retailers batched cards up and processed them with a single call at the end of the day. Credit card fraudsters realized the lack of ‘real time’ verification, manufactured fake cards, and went on a spending spree at the retailer’s expense.
No amount of over-engineered omnichannel features will make up for a slow (or unavailable!) web-based POS experience in the store.
Our Gift Card Module directly leverages NetSuite’s Gift Certificate engine. This assures proper accounting is enforced and provides a single system of truth and simplified processes for these types of transactions.
Many retailers try to cut out third party service costs, like mission-critical payment processing, in order to shave every last cent off of their cost of sales.