Blog

Paul Erickson with Rics Team
  • RICS + RMSA = More Cash for Retailers

  • August 18, 2017
  • Retailers need technology to control their inventory and make smarter buying decisions. RICS + RMSA are technology partners that together - do just that. VIEW

sad retailer
  • 7 Signs Your Current POS is Preventing Business Growth

  • August 16, 2017
  • Your point of sale (POS) and inventory management solution should help you stay competitive in today’s retail landscape. If your technology partner doesn’t understand your unique needs and functionality requirements, your current POS could be preventing your business’ growth. VIEW

Hipster man with beard
  • A “Vintage” POS Doesn’t Make You A Hipster

  • August 14, 2017
  • You may be a hipster if you have a man bun, your go to shoes consist of Doc Martens or Keds, you shop at Whole Foods and find yourself constantly saying things like “their old albums were better”. However, when it comes to your retail store’s technology, installed software isn’t “vintage” or trendy. Here’s why retailers need to get with the times and make a move to a cloud based POS software. VIEW

  • 7 Reasons Your Western Store Needs a POS Software

  • August 11, 2017
  • You sell a wide selection of western wear, work wear, cowboy boots, cowboy hats, jeans and more. With all of these moving pieces, speed matters. An easy-to-use point of sale with inventory management capabilities and robust reporting will help you work faster and smarter, not harder. VIEW

  • 5 Tips for FN Platform Success

  • August 9, 2017
  • Every year, leaders in footwear meet with fellow retailers, attend educational sessions, and get a chance to check out the newest products on the market at FN Platform. How do you make the most of such a large trade show? Check out our list below to help you make the most out of your time at FN Platform this year! VIEW

Dollar sign
  • How to Make Better Buying Decisions

  • August 4, 2017
  • Change the way you look at buying and you’ll be able to execute a successful inventory management strategy that can increase cash flow. VIEW

  • What Events Can Help You Draw More August Shoppers?

  • August 2, 2017
  • As summer is winding down which means kids are heading back to school and seasons are changing. This also gives people a reason to shop! How can you capitalize on this time of year to drive shoppers into your store? Check out a few a events you can take advantage of to help you do […] VIEW

Online shopping
  • Exploit In-Store Data

  • July 28, 2017
  • While in-store spending remains steady, most retail growth is coming from online sales. We’ve seen huge online shopping days this year, with Cyber Monday hitting its biggest spending day at $3.45 billion. Want to beat online retail stores? The key is to create an in-store experience that your customers can’t find online shopping. The integration […] VIEW

two people working on laptops
  • 2 Metrics Used to Evaluate Inventory Performance

  • July 27, 2017
  • Every retailer has their own preferred metrics they use to evaluate the performance of their inventory. However, many aren’t sure of the difference between two important calculations: ROI and Sell Through. Knowing the purpose of each will allow you to make educated business decisions to improve your store’s inventory performance. 1. Sell Through This is the […] VIEW

computer with code
  • The Power of Integrations with RICS

  • July 24, 2017
  • “We rolled out an ecommerce platform and we wouldn’t have been able to do it without RICS.”  – Joey Pointer, CEO, Fleet Feet Inc.   At RICS, we support retailers integrating with new solutions to help grow their business. We’ve integrated with trustworthy partners offering e-commerce solutions, payment gateways, gift and loyalty solutions, EDI, Open-to-Buy […] VIEW

  • Webinar Series for Retailers

  • July 19, 2017
  • The retail landscape is changing – don’t get left behind. To be a successful retailer, you must commit to understanding your inventory. According to RMSA’s Senior VP of Client Services, Paul Erickson, savvy retailers have “a thorough understanding of how to actively manage inventory”. So, How can you use data to better manage inventory and […] VIEW

  • How To Increase Cash Flow at Your Retail Store

  • July 17, 2017
  • Do you want to increase cash flow? Your cash flow and profitability depend on inventory productivity (i.e., does it sell or not and how fast). If you can improve this value, you can improve the profitability of your store. So, what can you do to improve your inventory productivity? Analyze product performance As a general rule, […] VIEW

Vince Canning shoes store
  • Customer Spotlight: Vince Canning Shoes and Tootsies Shoes

  • July 12, 2017
  • “Information is money. If you have information, then you can use it to improve your business and increase profit.” – Mark Denkler, Vince Canning Shoes and Tootsies Shoes Data is a key ingredient for the success of your business. But, it doesn’t mean anything until you can analyze it and understand what it’s telling you. […] VIEW

School Bus
  • 3 Tips to Host a Profitable Back-to-School Event

  • July 12, 2017
  • It’s almost that time again… all the kids are heading back-to-school in August and you have an opportunity to end summer with a bang by hosting a back-to-school event! Now is the time to start planning. Not sure how to start? Here are 3 tips for hosting a profitable back-to-school event. 1. Promote with a purpose […] VIEW

  • 3 Metrics Retailers Need to Know

  • July 10, 2017
  • Without data, you don’t have the insight you need to know how your business is really doing. Understanding and analyzing your data is an essential part of making your business successful.  Data utilization can guide your decision-making strategy so you can increase cash flow. So, what data should you measure? A great starting point for […] VIEW

  • 4 Tips for Better Checkout Design

  • July 6, 2017
  • The checkout is an important part of your store’s flow, and it shouldn’t just be the end of a customer’s shopping experience. How can you make it a better experience for the customer and more profitable for your store? Assess your checkout area using these 4 tips. Make Room – People need counter space for all […] VIEW

  • Training for the Marathon

  • July 5, 2017
  • Training for a marathon or any kind of race takes preparation. The more you prepare in advance, the more successful you will be at completing the marathon and setting a new personal record. The same is true when onboarding to a new Inventory Management and POS system. VIEW

  • What Events Can Help You Draw More July Shoppers?

  • June 30, 2017
  • July is here and summer heat is reaching an all-time high. With the 4th of July happening at the beginning of the month, use it as an opportunity to draw shoppers into your store. Wondering what else you can do this month to reach your customers? Check out our Marketing Calendar for Retailers for inspiration. Independence […] VIEW

Chatterspot
  • Partner Spotlight: Chatterspot

  • June 28, 2017
  • Staying connected to customers through their preferred communication channels (email, text, social, etc.) has become more important than ever in the retail industry. To effectively resonate with, attract, and retain customers, retailers must stay engaged with relevant and consistent marketing content. The businesses that effectively communicate to their customers and target audience will maximize their […] VIEW

Tax Free Weekend 2017
  • Tax Free Weekend 2017

  • June 26, 2017
  • Looking for how you can set up your Tax Free weekend in RICS? Click here.  Is your state hosting a tax holiday this year? With tax free weekends starting at the end of July and going well into August, it’s time for retailers to start planning for the event in your store. Check out our infographic […] VIEW

How to Motivate Your Employees
  • 3 Easy Ways to Motivate Your Employees to Sell More

  • June 23, 2017
  • When it comes to selling inventory, you have to worry about more than just having the right products at the right time. As a retailer, you need to make sure you also have the right people in place to effectively sell your inventory. When employees are slacking or unhappy, it can be reflected in your […] VIEW

  • 3 Ways to Increase Traffic to Your Store

  • June 21, 2017
  • Even though online shopping seems to be growing at a rapid pace, the majority of purchases are still happening in brick-and-mortar stores. Shoppers can’t seem to let go of the ability to physically touch a product before purchasing, and for small and local retailers, that’s good news. But how do you attract these shoppers to […] VIEW

Weekly Retail Update
  • Weekly Retail Update: June 19, 2017

  • June 19, 2017
  • Gen Z Influencing Family Spending According to a new study from NRF and IBM, “Uniquely Gen Z,” 70 percent of Gen Z-ers say they influence their family’s spending on everything from household items to family vacations. Even more interesting, in a survey by InfoScout parents agreed that their children are influencing their purchasing decisions. In […] VIEW

  • Making Decisions

  • June 16, 2017
  • Every day, we make choices from choosing how to spend our days to what we want to eat that day. According to Dr. Joel Hoomans from Roberts Wesleyan College, the average person makes 35,000 decisions each day. Whether if you are a business owner, a corporate executive, or a student, 35,000 decisions can be overwhelming […] VIEW

Computer mouse
Weekly Retail Update
  • Weekly Retail Update: June 12, 2017

  • June 12, 2017
  • Online Shopping Forces Retailers to Alter Trade and Brand Marketing In a new report from Criteo and Kantar Millward Brown, “Trade Marketing in Transition,” ecommerce growth is forcing retailers to rethink how they are budgeting for trade and brand marketing. “Trade marketing is undergoing a profound shift,” said Jonathan Opdyke, president, brand solutions, Criteo. “To […] VIEW

  • Managing an Open-To-Buy Process with RICS

  • June 9, 2017
  • Before beginning the creation process of open-to-buy, it is important to review your Key Performance Indicators and decide on which KPI’s are most important to your business. Many retailers measure their product using Turns, ROI, Gross Profit %, Profit, Net Sales, and others. Once decided, RICS offers many different reports which can be used to […] VIEW

  • Capitalize on In-Store Experience

  • June 7, 2017
  • Technology has armed consumers with apps that compare prices and tools for research and purchasing, but consumers still want to see, touch, and try products before they purchase. Does your store give people a reason to spend their money in-store? Here are some areas to focus: Customer Service One of the singularly most important aspects […] VIEW

Weekly Retail Update
  • Weekly Retail Update: June 5, 2017

  • June 5, 2017
  • While Wages Increase, Retail Employment Decreases According to the Labor Department, hourly earnings for retail workers are up 2.5 percent year-over-year, but retail industry employment is down 8500 jobs in May from April. “Though job growth in the retail industry decelerated in May, employment overall is above what is needed to keep sustained growth in […] VIEW

  • 3 Ways You’re Leaving Yourself Open to Inventory Loss

  • June 2, 2017
  • As a retailer, avoiding inventory shrinkage should be at the top of your list. When inventory is leaving your store unnoticed, you’re not only losing money, but you could have a bigger problem lingering in your store. Check out these three ways you may be leaving yourself open to theft. Your technology is out of […] VIEW