Social media ecommerce refers to the sale of products online through social media platforms (e.g. Facebook, Instagram). By using this approach, retailers can leverage the power of popular social media channels to reach their customers where they are
Creating a running club and leveraging the value of that community can help specialty running retailers grow. Learn 5 retailer-approved tactics for driving more business with running clubs.
This week, 450 boutique bosses, vendors, and service providers met in Dallas for the Boutique Summit 2018. I had the pleasure of teaming up with our VP of Client Success, Geoff Tease, and speaking at the event about the power of POS data as an independent retailer. Here’s what I learned.
Proper buying planning can help you increase your profit margins and ROI by serving as a reference guide to keeping your store stocked with the right products at the right time. Register to learn how to create a buying plan.
In case you missed it, our May Webinar helped crack the code on using retail data to inform purchasing strategies. Check out 5 key takeaways from the Webinar and catch the full recording here!
We’re excited to have some of the best and brightest retailers, buyers, and thought leaders in our new headquarters for the RIA Buying Summit to sharpen their skills on buying for inventory performance, cash flow gains, and higher profits.
Using sales, on-hand inventory, discount policy, ability to transfer (for multi-store owners) and new market trends to analyze and edit future orders is one of the best things you can do to improve inventory turn and thus cash flow. Here’s how it’s done.
Looking at bestsellers in combination with turns and sell-through percentage will better position you to stock your shelves with the right products to avoid lost opportunities. Worst sellers decrease profitability while taking up space that could be utilized by better performing products.
Data is an integral part of any successful retail business today. But do you know the right data to analyze and how you can incorporate that data into a profitable strategy? Featured on this week’s Boutique Hub Podcast, RICS VP of Client Success, Geoff Tease, shares how to become a retail scientist using data.
This month we doubled down on the creation of that content by hiring a new Design and Studio Manager who will help us push the envelope in what we’re creating. We’re excited to introduce Kristin Martin, who brings robust graphic design, video, social strategy, and web user experience expertise to the RICS team.
Memorial Day weekend is right around the corner to kick off the summer season. Memorial Day weekend is the second biggest bargain shopping holiday of the year, driving billions of dollars in consumer spending every year.
Using inventory performance data to create an informed buying plan for retail is necessary in today’s competitive market. But data can often feel intimidating and you may find it hard to establish the ‘whys and hows’ of using data to inform your buying plan without adequate training.
Hiring and retaining the right employees is key to creating a loyal customer base and driving in-store sales. But that can seem challenging in an industry with one of the highest employee turnover rates. So, we talked to four retailers who are dominating the employee management game to get their best tips for hiring, training, and retaining for retail.
Retail growth is critical to staying competitive in today’s retail environment because it provides the opportunity to meet customer expectations, connect with more customers, profit from multiple revenue streams, and expand your product offerings.
Data-driven inventory control is critical to ensuring shelves are stocked with the right product at the right time. As many retailers know, having the right products to meet demand can be the difference between happy customers and lost sales.
Sell-through percentage is a calculation comparing the amount of inventory a retailer receives to what is actually sold. We’re breaking-down sell thru; you’ll learn what it is, how to calculate it, and how it can help you make better decisions for your business.
By managing your inventory, and tracking employee and customer data in the right ways, you can improve your business strategy and gain a leg up on the competition. Here are three reports to help you gain a competitive advantage.
In today’s ever-changing retail landscape, growth can often seem challenging and unattainable. But growing your business is critical to staying competitive and ultimately making more money. No matter your goals, retail growth is attainable when driven by a realistic, data-driven strategy.
We asked TheBoutiqueHub.com Founder, Ashley Alderson, to share her expertise from years of helping specialty retailers build strategies to grow their businesses. Check out our webinar for answers to important omnichannel marketing questions like ‘Do I need ecommerce?’
All of our retail clients know that the three most important things about property are location, location, and location. You always want to be in the location that’s most aligned with your target market. That’s why RICS relocated to the historic and newly-renovated J.F. Wild Building in the heart of downtown Indianapolis, IN.
The retail landscape and consumer behavior are constantly shifting. New challenges and competitors are popping up daily, forcing small business specialty retailers to innovate and find new ways to stay ahead of the curve.