Tag Archives: retail analytics

Redefining Value in Retail

Posted on May 4, 2015 by bermanevansretail

What exactly is value as provided by retailers? It can be the lowest prices, the best service for the money, unique product offerings, etc. What is clear is that retailers must provide some unique value to be competitive. According to … Continue reading →

Posted in Global Retailing, Part 1: Overview/Planning, Part 2: Ownership, Strategy Mix, Online, Nontraditional, Part 3: Targeting Customers and Gathering Information, Part 5: Managing a Retail Business, Part 6: Merchandise Management and Pricing, Part 7: Communicating with the Customer, Part 8: Putting It All Together, Technology in Retailing | Tagged , , , , , , , , , | 3 Comments

What Are the Steps in a Credit Card Transaction?

Posted on January 14, 2015 by bermanevansretail

The answer to this question is not known by many retail employers and almost almost all shoppers. They often just see a card number being entered and computer software do its magic. The infographic below by ProPay, a firm that … Continue reading →

Posted in Part 5: Managing a Retail Business, Technology in Retailing | Tagged , , , , , , , | 3 Comments

Better Determining Profit

Posted on January 5, 2015 by bermanevansretail

Do you have a good handle on your profits? Looking for a different perspective? Well, here’s one. The Retailer Owners Institute has produced a resource titled “Retailer’s Profit Finder.”  As ROI notes: “The typical accounting package lists expenses in alphabetical order. … Continue reading →

Posted in Part 5: Managing a Retail Business, Part 8: Putting It All Together | Tagged , , , , , | Leave a comment