Jewelry store software isnt just something used exclusively in chain stores. In fact, anyone dealing in fine jewelry and gems should have a jewelry store software program to help them run their business. However, many small and private establishments forgo looking into computer software with dire consequences. While they might have a computer and a database of some sort, they fail to look into jewelry store software for fear the cost would be too great or the programming too…
Mankind’s Love For Ornaments
Man’s love for ornaments goes back to the ancient times, and continues until this date. The following article looks back at the evolution of jewelry and its place in human life.
The First Jewelry: Early Humans Were Into Beauty, Too!
When do you think humans started wearing jewelry? Five hundred years ago? Five thousand? Five million? A few years ago, a group of researchers led by Christopher Henshilwood of the State University of New York at Stony Brook discovered what it believes is the earliest jewelry in the South African Blombus Cave. Surprisingly, it wasnt diamonds, but shell beads! The shells were dated to be about 75,000 years old, pushing back the time attributed to humans for the first abstra…
Technology Changes In The Retail Industry
When it comes to shopping people tend to fall into two distinct categories and they are you either love it or you hate it. This article looks at how modern retailers are using modern technology to make the shopping experience better than ever.
Mom and Pop and Their Virtual Assistant?
Many different businesses already employ virtual assistants or other online support for everyday tasks. What about those who are not quite as likely to dive into the virtual workforce? Small retail businesses, often know as Mom and Pop shops, are an ideal candidate for virtual employees.
Building A Financial Services Sales Culture
Examples of how banks have built new sales cultures successfully, resulting in significant new customers and business. Underscores with real life examples the importance of sales skills training connected to sales coaching for a period of time.
Growing Your Business Online With Loyalty Programs
This is the first in a series of articles we will be publishing relaying thoughts and ideas from the Internet Retailer Conference in Chicago, which occurred June 5th through June 7th. Mark Goldstein, CEO of Loyalty Lab (a company that implements loyalty programs for merchants), and Gary Korotzer, CMO of Red Envelope (a company that specializes in selling gift items), delivered a presentation about loyalty programs. Red Envelope currently has a loyalty program managed by Loyal…
Retail Executive Dashboard Does Not Serve Front Line Sales Managers
Retail Dashboards are pictures of spreadsheets used by executive managers to visually identify around five key performance indicators. Dashboards have gauges, like the speedometer in a car, and graphs and colour, to draw attention to areas of strong and weak performance of each retail store and the organisation as a whole. They may display: sales per hour, items per sale, average sale, conversion rate, and wage to sales ratio at the store, regional, and national level.
T…
Retail Management Identifying Each Salespersons Lowest KPI Can Boost Sales By 30%
Stick with me here for minute its not hard math.
There are five retail KPIs worth tracking at the individual Salesperson level: Sales per hour; items per sale; average sale; conversion rate; wage to sales ratio.
If you add them all up (individually) and divide by the number of staff you get the store average of each KPI.
You can now compare each Salespersons five KPIs to the store average KPI instantly revealing the MOST deficient statistic or undersupplied …
Retail Performance Best Practise Now In Reach Of Single Store Operators
In recent years, with the aid of sophisticated information technologies, multi-store retailers have developed a science out of Retail Performance Best Practices by putting into play real-time systems for recording and measuring performance KPIs at all levels of the organisation.
So sophisticated are these systems that they are able to tell employees, even at the operational level, exactly how they are standing up to the companys vision, plans and objectives.
Using bala…
Scheduling Retail Employees
Scheduling my team has always been one of my least favorite tasks as a retail manager. Its tedious, it takes hours and even when I think I have it right, I probably dont. What makes scheduling a challenge is that you are balancing the demands of individuals on your team with the demands of your business. This can be a very time consuming and frustrating.
Lets say you complete a schedule which took you 2 hours to create. You have carefully made sure everyone has at least…
Building a better Brick-and-Mortar with the Billion-dollar Web
More than $117 billion passed hands from Internet shoppers to Internet vendors in 2004, according to the statistical research firm comScore. Thats billion, with a B. Compared to the year before, the figure represents a whopping 24 percent increase in sales. Compared to the early 1990s, when the Web was a questionable commercial venture, todays $117 billion is proof-positive that the Web is the full-fledged money-making machine.