Welcome to 2018! It’s a new year in retail and the industry is moving faster than you can say “change is coming.” Tech is reshaping the way day-to-day retail operations are executed and it’s impacting every aspect of the industry — from marketing campaigns to inventory management and more — while also giving retailers more opportunities than has historically existed. Service providers, industry solutions and technology resources are accessible to retailers large and small, as well as online and offline – ultimately helping to streamline business operations, increase selling opportunities and enhance overall store operations.
As you look ahead into 2018, aim to use retail resources as a way to connect your company to consumers, buff up your business operations and enhance your entire retail success. To help? Consider the below 5 resources with different areas of commerce focus to help your retail operation make 2018 your best year yet.
Resource #1. Lightspeed
Lightspeed works with your POS system to manage all of your inventory in one place. This means there’s no need to scramble to track down the details of your retail operations across multiple platforms. Instead, you can use one system to pull and process data, build relationships with customers, manage inventory across multiple stores and much more on one simple system. In other words, Lightspeed helps retailers like you to get their omnichannel presence up to par. In fact, most retail businesses that try Lightspeed report 20 percent growth in their first year using the platform… clearly validating the value Lightspeed offers merchants.
Resource #2. Refund Retriever
If you’ve ever dealt with the hassle that comes when UPS or FedEx makes a shipping error, you’re already aware of just how costly and time-consuming these problems can be. Fortunately, you don’t have to do this yourself anymore when you introduce Refund Retriever into your retail resource mix. Refund Retriever tracks your package shipments and automatically applies for refunds on late or otherwise obscured deliveries – which in turn become processed so that you get your qualified refunds without having to audit your package deliveries and shortcomings yourself. They even track whether you’re being overcharged for shipping and pull analytics from your accounts, helping you to save money and reduce your parcel overhead. The best part? There is zero cost to signing up for this resource. Explore more of how Refund Retriever can support your business here.
Resource #3. The Social Edge
Looking to simplify the process of connecting with your target consumers and sharing the trending content that you need to take your business to the next level? Look no further. With more retail sales taking place on mobile channels (39.6 percent) and social media a key component of driving both in-store and online consumer traffic, it is vital to incorporate a strong social media strategy into your business to facilitate your customers’ omnichannel shopping journey. The Social Edge delivers this to you, making it easy to share content that’s of interest to your target audience and timely, as well. The Social Edge puts you in the driver’s seat of your business’s social media strategy by helping to create dynamic, interesting and engaging social media posts that aim to strengthen in-store traffic, online appeal and more. Curious? Learn more here.
Resource #4. Hubba
Think of Hubba as a matchmaking service for retailers to connect with the right brands and products. Hubba is self-described as an “online, 24-7 tradeshow” where you can connect to verified sellers with unique products to build your inventory from their standout product selection. What’s awesome about Hubba is that you’re able to type in a specific product or trend and it will pull a list of online vendors with that specific item – giving you total autonomy over your product sourcing process. Connecting with online sellers can be a dubious process, so essentially Hubba does the vetting for you. And the best part? Trying Hubba is free for small to mid-sized retailers.
Resource #5. RMSA Retail Solutions
RMSA specializes in creating action plans from retail sales data to help merchants choose the right merchandise and give them a stronger handle on their business. After pulling and analyzing data from retailer POS systems, RMSA uses an ultra-modern algorithm to build a yearly action plan for retailer inventory. It also fine-tunes merchant buying plans on a monthly basis to dispense with overbuys and help to identify the right inventory in the categories where there is the most potential for profit. Collectively, these details help retailers make more educated buying decisions and plan purchases based on actionable recommendations. Learn more about RMSA here.
The retail industry shows no signs of slowing down the pace of its evolution in 2018, so avoid falling behind by streamlining your retail operations with the most relevant, measurable advancements in retail technology today. Plus… don’t miss the chance to connect with these retail leaders at the upcoming Independent Retailer Conference, taking place at ASD Market Week and complimentary to all registered ASD attendees. Discover more here!
Take advantage of ASD Market Week’s 90+ free retail strategy sessions this March 11-14, 2018 in Las Vegas.