If there was ever any doubt, the last few years have really highlighted that the British high street is not exempt from the impact of events further afield than our small island’s shores. The war in Ukraine has further increased economic uncertainty right here in the UK at a time when businesses – particularly small […]
LATEST
Motivating Staff in 2022 to reduce stock loss
We’re all human; we have good days, bad days, stressful days and… sick days! Those are things that we all have in common, so it will come as no surprise that stock loss is often as the result of human error, mistakes and even theft (from both customers and staff members). The impact of stock […]
Stocktaking for local shops
At a time when the price of everything is rising fast – from energy to a packet of biscuits – now is the time that small businesses really need to be focussed on the bottom line. It’s so easy to wrongly assume that cutting stocktaking costs will save money during tough times. In reality, stocktaking […]
Are increases in online shopping highlighting the need for effective stocktaking?
As we enter 2022, Coronavirus continues to wage its war on a retail sector it has altered beyond recognition over the last 24 months. At the height of the first lockdown, online sales naturally surged by an enormous 129% as consumers adapted to life at home. Although things have started to balance out a little, […]
Global trends expected to impact on your stock decisions over the next year
Lockdown after lockdown during the unforgettable year that was 2020 altered the retail landscape beyond all recognition, making it a scarily unpredictable place. Shops closed, businesses moved online and consumer shopping trends in the UK shifted massively towards those things designed to make life at home more bearable – dumb bells, garden furniture and a […]
The five stock loss problems of Christmas past!
Christmas is undoubtedly one of the most important and potentially profitable times of the year for any retailer. In order to take full advantage of the opportunities that arise, it’s vital that you not only sell lots of stock, but also maximise the amount of margin you make on every single item. If there’s one […]