Blog

Shopping
  • 3 Tips That Can Help You Increase Your Cash Flow

  • March 24, 2017
  • As a retailer, you’re always looking at the bottom line of your business and how to improve it. One of the problems many retailers are facing is the lack of increasing cash flow. Cash flow allows you to ensure you can continue running your business at full steam. So how can you make sure you’re […] VIEW

  • Engineering for Retailers

  • March 22, 2017
  • As a software engineer, I often find myself thinking about the world around us, and, of course, the technology that has gone into making our world what it is. You see, being a software engineer doesn’t just mean that I write software, it means that I engineer software and solutions for our customers. So, naturally, […] VIEW

Weekly Retail Update
  • Weekly Retail Update: March 20, 2017

  • March 20, 2017
  • St. Patrick’s Day Spending Expected to Reach $5.3 Billion According to NRF’s annual St. Patrick’s Day survey, average spend for celebrating on St. Patrick’s Day was expected to be $37.92 per person, of more than 139 million people. Spending may have reach the highest in survey history at $5.3 billion. Spending was expected to be […] VIEW

EMV Information
  • Integrations with the Right Partner: Credit Card Processing

  • March 17, 2017
  • Does your POS and inventory management system control your credit card processing too? Are your processing rates too high because of it? Some “more affordable” systems require a certain credit card processor where they sky rocket the rates to offset the cheaper POS pricing and get a kick back from the processor. Your POS/inventory management […] VIEW

  • Four Simple Ways to Boost Your Brand

  • March 15, 2017
  • As a retailer, you know it’s incredibly important to earn brand recognition from your customers. Here are four simple ways you can foster brand loyalty and repeat visits from your shoppers. Show Off You’ve worked hard to build your business. Show it off! Use social media and your website to broadcast your pride in the […] VIEW

Weekly Retail Update
  • Weekly Retail Update: March 13, 2017

  • March 13, 2017
  • 69% of Gen Z Would Purchase within Social Media  According to a study of 10,000 consumers from 13 different countries by Accenture, 69% of Gen Z shoppers are interested in purchasing within social media directly. Additionally, 44% said they look to social media for “product inspiration,” while, 37% said they have increased their use of […] VIEW

  • Do you need an additional POS for your next event?

  • March 10, 2017
  • An upcoming sale, off-site event or special promotion is a great way to increase sales for your store. With a little planning and marketing, you can drive new and existing customers to buy more products in a short amount of time. An increase in traffic in the store also means longer lines, longer wait times […] VIEW

  • How Do I Get My Store Connected?

  • March 8, 2017
  • The theme of connectivity is not a new one. And the snowball development of technology means that we are all more connected than ever. But what does that mean for you and your business? Has your customer base now expanded past your neighborhood and into the farthest reaches of the globe? Is connectivity all about […] VIEW

Weekly Retail Update
  • Weekly Retail Update: March 6, 2017

  • March 6, 2017
  • Retail Sales Up but Closures Still Plague Giants Retailers saw sales grow 5.6 percent in January year over year, but closures and bankruptcies are still plaguing many big box chains. The dichotomy of rising sales and failing businesses can partially be attributed to the growth retailers are seeing in online sales. “E-commerce acceleration is behind […] VIEW

  • Retail and Technology

  • March 3, 2017
  • Technology has become a driving force in many different industries, and retail is no exception. The introduction of technology into the retail space has changed the way business owners track their inventory, report on their business, interact with their customers, and how customers can interact with them. Taking advantage of the tools that are available […] VIEW

  • What’s Happening in March?

  • March 1, 2017
  • And just like that, we’re all in on 2017. March is here and that means the promise of warmer weather, more outdoor events, and an improved mood among your customers! So how can you capitalize on the effect warmer weather has on your customers’ moods? Let’s look at a few events this month that can […] VIEW

Weekly Retail Update
  • Weekly Retail Update: February 27, 2017

  • February 27, 2017
  • Retailers Losing Money Trying to Chase Amazon  According to a report by JDA Software and PwC, only 10 percent of the 350 retailers surveyed globally are profitably filling orders that incorporate web and the brick and mortar stores. With many retailers trying to keep up with Amazon, this survey shows that many of them are […] VIEW

  • Technology Overload

  • February 24, 2017
  • We live in a state of technology overload. Everywhere we turn, there is always some new technology that is developed to enhance the way we live and interact with each other. Whether it’s Facebook to keep us connected with our network or the Apple Watch tracking our physical activity. When it comes down to it, […] VIEW

  • Understanding Your KPIs: Turnover

  • February 22, 2017
  • As a business owner, key performance indicators (KPIs) are incredibly important in tracking the success of your retail business. Identifying and using those KPIs can help you understand how your buying, inventory, and selling strategies are affecting your business. If you’re using an advanced POS and inventory management system, you have access to all the […] VIEW

Weekly Retail Update
  • Weekly Retail Update: February 20, 2017

  • February 20, 2017
  • The First ‘Digitally Native’ Generation Shops in Store  According to a new study from IBM and the National Retail Federation, 67% of Gen Z said they shop in brick-and-mortar stores “most of the time.” While 31% said their shopping habits took them in-store some of the time. The study titled “Uniquely Gen Z” also unveiled […] VIEW

  • Understanding Your KPIs: Sell-Through Percentage

  • February 17, 2017
  • Understanding your key performance indicators (KPIs) is a crucial part of running a successful and profitable business. If you’re using an advanced POS and inventory management system, you have access to a lot of data that can help you determine how effective your strategies are for reaching your business goals. With all of the data […] VIEW

  • Bunker Chili Cook-Off 2017

  • February 15, 2017
  • We recently held our 6th annual Bunker Chili Cook-Off and decided to open it up to soups and stews as well! With two categories, we had the taste testers vote for their favorite chili and favorite soup/stew. There were many delicious options, with 5 chilis in the running and 2 soups! Congratulations to Patrick Miller, […] VIEW

Weekly Retail Update
  • Weekly Retail Update: February 13, 2017

  • February 13, 2017
  • NRF’s Economic Forecast Mostly Positive  According to the National Retail Federation’s economic forecast for 2017, retail sales look positive but potential legislations could pose a threat. They project that retail sales will grow between 3.7% and 4.2% over 2016, which is in line with last year’s increase of 3.8 percent. The NRF noted that potential […] VIEW

  • Understanding Your KPIs: ROI

  • February 10, 2017
  • As a retailer, you know how important your key performance indicators (KPIs) can be in helping you determine if your business is having a successful and profitable year. If you’re using an advanced POS and inventory management system, you have access to a lot of data that can help you determine just how well your business […] VIEW

  • Sharpening Your Brand

  • February 8, 2017
  • A lot of small to medium-sized retailers don’t put enough importance on their brand. A brand is not just a logo and colors. Yes, it includes the visual aspect of a business, but also the messaging, customer service, and the intangible perceptions of a business. Few recognize the impact or are too preoccupied to worry […] VIEW

Weekly Retail Update
  • Weekly Retail Update: February 6, 2017

  • February 6, 2017
  • Amazon Continues to Influence Shoppers’ Expectations  A new report from PowerReviews, which surveyed more than 1,000 consumers, shows that Amazon is still the “go-to” retailer for many shoppers. Shoppers identified variety of products, free shipping, and volume of customer reviews among the top reasons they are attracted to the retail giant. “Our survey found that […] VIEW

  • First Weeks at RICS

  • February 3, 2017
  • Over the past few weeks, we have welcomed two new members to the Product team here at RICS. Meet Jon and Naush and learn what they are most excited about for their future working here. Jon McCain, Software Engineer: My first week at RICS has been one of relaxation, fun, and drowning by the fire hose of knowledge […] VIEW

  • What Events Can Help You Draw More February Shoppers?

  • February 1, 2017
  • It is already the second month of the year! There’s a lot going on in February, so use these events to draw customers into your store to increase sales and loyalty. Groundhog Day Although it isn’t necessarily a traditional holiday, Groundhog Day (February 2nd) could be a good excuse to throw a party in your store! […] VIEW

Weekly Retail Update
  • Weekly Retail Update: January 30, 2017

  • January 30, 2017
  • 2016 Deemed the Year of Promotions   According to the DynamicAction Retail Index: 2016 Year-in-Review and 2017 Outlook, 2016 was a year filled with promotions. The study analyzed more than $9 billion in transactions globally and found that 44% of all orders were sold on promotion. On top of that, 67% of all orders were […] VIEW

  • Why Should I Look for a New POS System?

  • January 27, 2017
  • Why do we consider changing anything? Typically, there are three reasons we consider change: 1. Things don’t work like they used to. 2. There must be a better way to do what I’m doing. 3. I want to do something different. What does this mean for my business? Specifically, what does this mean for my […] VIEW

  • FN PLATFORM 2017

  • January 25, 2017
  • If you’re a footwear retailer, chances are you’ve heard of FN PLATFORM in Las Vegas. It is the largest shoe show in the nation and a part of MAGIC, the world’s largest fashion marketplace. This year, the show is Tuesday, February 21-Thursday, February 23rd. During the trade show, there are educational seminars that cover a range […] VIEW

Weekly Retail Update
  • Weekly Retail Update: January 23, 2017

  • January 23, 2017
  • Online Shoppers Not Always Ready to Buy   A new study from Episerver, “Reimaging Commerce,” says that 92% of shoppers’ first visits to websites don’t end in a sale. Even if a shopper visits a website with the intent of making a purchase, one third of shoppers never complete the sales. Also, 98% of consumers […] VIEW

  • Using Data to Optimize Your Markdown Strategy

  • January 20, 2017
  • Your inventory is your store’s largest asset, but it could end up being your worst expense. No seller likes to markdown full-price products. But the reality is, your inventory only has a 60-90-day shelf-life, meaning if you don’t turn your inventory in that 3-month period, it’s probably costing you money. So how can you look […] VIEW

  • Stand Out in 2017

  • January 18, 2017
  • Last year, my girlfriend Lydia decided to participate in the Indianapolis Mini-Marathon 500 Festival. Since it was her first half-marathon, she had no idea which shoes were best suited for her feet, what gear she might need for race conditions, or even the best accessory to hold her iPhone. So, where does a millennial like […] VIEW

Weekly Retail Update
  • Weekly Retail Update: January 16, 2017

  • January 16, 2017
  • Discover Expands Digital Payments for Cardholders A new partnership between Discover and PayPal is allowing U.S.-based customers more access and security to payment options at the point of sale. The agreement allows PayPal customers to use Discover for contactless-enabled merchants, while Discover cardholders can use their Cashback Bonus to pay merchants who accept PayPal. “Discover […] VIEW