Understanding payment processing has become essential for liquor stores. While the COVID-19 pandemic led to decreased consumer spending across many retail sectors in Canada, it increased sales in liquor stores. Bars and restaurants closed, and the only place to purchase alcohol was liquor stores. The result was a 1.3% bump in revenues for the industry…
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The journey of opening a retail store involves hundreds of decisions. From formulating your business plan, to securing financing and licenses, to sourcing products and vendors, you may have already discovered how overwhelming the process can be. When you’re at the point of evaluating suppliers, there are a few tips to help you make the…
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As a new business owner, you have a vast array of technology solution options you can implement to streamline your processes. However, once you’ve developed your business plan, secured a location, and set a date for your grand opening, one of the next things you’ll need to do is invest in a quality point of…
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Does your entrepreneurial spirit have you considering opening a retail store? Maybe you’re ready to make a long-time dream a reality, or a new opportunity has presented itself. Starting a retail business is a labor of love that requires a huge investment of time and resources. Before jumping all-in, take a moment to assess the…
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More and more Point of Sale (POS) software providers are offering promotions that allow merchants and other end users to acquire retail software for free or at a reduced cost. In the past, offers such as a “free trial” or the “first six months free” may have seemed too good to be true, but the…
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Identifying the Difference Between Cash Register and POS Systems Breakdown for small business owners The technology you choose for your shop makes a big impact on how efficiently and profitably you operate, and the types of customer experiences you offer. However, it’s not always clear to small business owners what the difference between a cash…
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The Ultimate Guide to Opening a Retail Store a Checklist for Small Business Owners Opening a retail store can be exhilarating and overwhelming all at the same time. To be successful, entrepreneurs and business owners need to address all aspects of opening a retail store while maintaining a clear picture of their goals, strategies, and…
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Following the December bustle of shoppers looking for the perfect gift and best sales, January brings a different customer dynamic with merchandise returns. As a necessary part of retail business, customers expect a hassle-free return process. In 2020, retailers expected 13.3% of the merchandise sold over the holidays to be returned. While returns can be…
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As a small business owner, you know that the checkout is an important part of the shopping experience. For customers, the checkout is the final stop when making a purchase. For retailers, it’s an opportunity to increase profits and give customers a lasting positive impression. Switching to integrated payment processing is one way to ensure…
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In the last few months, you’ve likely noticed the cost of running your retail shop has increased. Everything from inventory to paper, cleaning supplies to utilities. As you prepare for the busiest shopping season of the year, finding small ways to protect your profits will help make this holiday season successful for your business. One…
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