Month: June 2019

Retail storeowners recognize the importance of a good sales floor display. Chain stores have turned sales floor layout into a science, studying which arrangements generate the most sales. Floor plans are distributed by the home office with each inventory shipment. Solo retail shop owners do not receive this benefit but if they use attractive displays like wicker baskets and barrels, they can get the same results.

Sometimes, displays are more about quality than quantity. This means that even the smallest retail shop can create a killer display if it uses the correct fixtures. Wooden displays are much more attractive than metal versions so whatever they hold will look more appealing to customers. Retail storeowners give their inventory a competitive advantage when they use wooden fixtures.

Wood has a timeless quality and it can be fashioned into different types of containers to hold nearly anything. Basket displays have become hugely popular in recent years. They are used to hold everything from candy and chips to socks, sunglasses, and small novelty items. A wicker basket display looks beautiful even when it is empty. Picture a sturdy metal frame holding 12 wicker baskets each measuring 15 inches wide and 16 inches deep. The possibilities for what this fixture can hold are endless.

Though it only measures about 30 inches in diameter, there may not be room to add this display to the store. Fortunately, smaller versions are available that feature four baskets in a vertical display, four baskets displayed as two rows of two baskets, and a three-container display featuring unique oval baskets. These displays sell many different products with flair, allowing retailers to sit back and watch the profits accumulate. The fixtures are so effective that some retail owners use them exclusively.

Wooden barrels seem like they were made for dollar and discount stores. They are excellent for displaying a massive quantity of inexpensive items like toys, paperback books, CDs, and accessories. Children love digging through these baskets to find exactly what they want. Adults like the attractiveness of these displays offered by the use of different colors and customization options.

There is no way that retailers can go wrong with a wooden display. Even the most mundane items look beautiful when shown off from one of these containers. Shoppers will spend much time hovering over the wicker baskets and wooden barrels, trying to decide what they should buy. Retailers can make the decision easy by pricing inventory competitively.

Treasure Hunters Roadshow(THR) employs more than a hundred treasure hunting teams in buy to obtain most of folks. The Roadshow is aimed at facilitating website visitors to sell content articles which can be no more time of the effectively-value in their mind and so are getting dusty in their homes. In trade with regards to outdated products, the stores get good financial returns. Thinking about that the Roadshow has about 100 teams, the likelihood of any 1 of the 1 hundred teams coming to your home town is pretty large.

The precise schedule with the treasure hunting teams relocating all over the place will be updated on the THR’s website. In the this month, related with June 2011, the treasure hunting teams might go to spots in Florida, Mississippi, Pennsylvania, Kentucky, Illinois, Arizona, New Jersey, Ohio, Georgia, and also Maine. In every single spot, a four to 5 day occasion is becoming arranged. The real location, time and date with the every and every event is currently being cited inside of the THR’s website. So if you are a resident at a Treasure Hunters Roadshow area, then get started on your residence-cleaning mission as nicely as collect all the stuff you really feel will earn you income. e.

There is no limitation to the degree of merchandise which can be offered at this Roadshow. As a end result, load your private motor vehicles and get them to the actual Roadshow area. As much as the Roadshow teams are nervous, the additional you offer to supply, the happier they are going to be.

When you seem at the scene from the Roadshow, you will witness professionalism, trust , expertise with regards to the antiques at its maximum with extremely trained staff . The real evaluation from the merchandise will be exact, exclusively if you recycle coins, jewelry created from valuable metals as very well as gems and stones. The actual really worth linked with other treasured items like outdated dollars, paintings, art, plastic stamps, aged paperwork of historical value, vintage military items are done with outstanding precision. As a consequence, it is specified to get exceptional income with the collectibles that you have been conserving with regard for so long. Specific importance emerges for vintage mementos like residence furniture, cars and jewelry. So, at the Roadshow you can include some of these collectibles, and consider guaranteed income along with you.
Apart from these sorts of typical items, Treasure Hunters Roadshow incorporates a network linked with lovers that are enthusiastic about vintage comics, instruments and game titles as nicely as toys. When the Roadshow personnel is coming to a spot towards you, then do not miss the opportunity take full advantage of that.

Scott Fitzgerald is a coin collector. He attended the Treasure Hunters Roadshow held at Springfield,IL and earned $300 for his silver quarter.

Your conversion rate, the number of people who make a purchase divided by the number of people who visit your site, is a critically important number to your online retail business. This number is the final arbiter of your success, it combines the results of your traffic generation activity with your website function, content and pricing to determine how many people who get to your site actually buy from you.

Conversion rates vary dramatically from the phenomenally high rates by retailers such as Schwanss 35.2 percent (food seller), and Keurigs 31.3 percent (single cup brew system), to the typical conversion rate for ecommerce of 2 to 3 percent. In this article we have gathered comparison data that you might use to think about your site’s conversion rate.

Top Ten Retailers U.S.

The chart below shows the top ten online retail sites conversion rates in the USA.

Top Ten Online Retail Conversion Rates
WebsiteConversion Rate
Schwans 35.2%
Keurig 31.3%
ProFlowers 26.0%
Vitacost22.5%
Blair 22.4%
DrsFosterSmith.com 22.4%
Woman Within 21.3%
Amway Global 20.5%
Roamans.com 18.7%
Office Depot 17.9%

The top retailers have high name recognition, a known, easy to understand product and as you will see if you visit these websites, an easy to use website.

Conversion Rate by Website Type U.S.

When you look at how online retail sites do by type of site, catalog sites are consistently better performers than any other type.

WebsiteConversion Rate
Catalog5.8%
Software3.9%
Fashion and Apparel2.3%
Specialty1.7%
Electronics0.50%
Outdoor and Sports0.40%

Among catalog sites, there are some real winners and obviously enough low conversion rate sites to bring the average rate down.

Top Catalog Site Conversion Rates U.S.

Type of site Conversion rate
Lane Bryant Catalog24.7%
QVC16.7%
Oriental Trading Company15.2%
Blair.com14.5%
Jessicalondon13.7%
Symantec13.5%
Roamans 13.5%
The Sportsmans Guide12.2%
Christianbook.com11.9%
Lillian Vernon11.8%

If you operate a catalog site, these are the retailers to learn from. Take a moment to go to these websites and put yourself through the customer experience, looking for strategies that you can apply on your own site.

U.K . Online Retailers Conversion Data

Core Metrics, a U.K. based web intelligence and analytics group published the information in the table that follows for U.K. online retailers. As you can see, the U.S. and U.K conversion rates are very similar.

Although the changes from 2008 to 2009 are slight, almost all of the movement is in the wrong direction. Average items per order, shopping cart conversion rate and new visitor conversion rate are all down. Shopping cart abandonment is up. The slight increase in the average order value might not be statistically significant.

Mar-09Feb-09% Change
(m/m)Mar-08 % Change
(y/y)
Average Items/Order2.352.321.32%2.52-6.89%
Average Order ValueGBP57.09GBP55.303.24%GBP56.960.22%
Shopping Cart Conversion Rate49.90%47.47%5.12%52.25%-4.50%
Shopping Cart Abandonment50.10%52.53%-4.63%47.75%4.92%
New Visitor Conversion Rate3.04%2.75%10.55%3.27%-7.03%

Core Metrics also provided interesting information about the value of site search capability. Their data shows that when site search is used, which occurs about one third of the time, the conversion rate jumps to nearly eight percent, though the average order value decreases by about GBP15.

This information seems to suggest that when a visitor can search for precisely what they are looking for, they tend to buy less, possibly zeroing in on just the item they are seeking. This kind of data may make you wonder if you want to sacrifice GBP15 for the higher conversion rate.

However, you probably should not draw too many conclusions by comparing the two sets of conversion data because the earlier chart depicts new visitor conversion only, the second chart illustrates overall conversion based on search. It is difficult to know what factors are playing a part in the difference.

Mar-09Feb-09% Change
(m/m)Mar-08 % Change
(y/y)
On-Site Search Session29.67%31.76%-6.58%33.05%-10.23%
On-Site Search Conversion Rate7.59%7.04%7.81%8.60%-11.74%
On-Site Search Average Order ValueGBP42.90GBP40.585.71%GBP43.67-1.78%

On the other hand, it does seem to be true that some impulse buying is lost when the on site search function is utilized. Under the circumstances, the best strategy is to be sure that you have optimized the buying opportunity within the sales strategy and throughout the checkout, e.g., organize search results to bring up best sellers first, place cross sell items on the same page, introduce sales items during the check out process.

Benchmarking is an excellent way to think about your own site. Calculate your own numbers, compare them to the benchmarks and figure out why they are different, where you have an opportunity to improve and how you might do so.

Point of sale is the place where a transaction takes place. A retail point of sales system usually includes a computer, monitor, cash drawer, receipt printer, customer display and barcode scanner. Point of sale software is used to calculate sales and operate the cash drawer. It sums up the sales total, figures the official sales tax, calculates the change back from the amount tendered and automatically adjusts the store inventory levels to debit the amount of inventory sold.

The POS software is also programmed to handle functions such as pre-planned promotional sales, manufacturer coupon validation, foreign handling and multiple payment types. They are certainly cruicial for large department stores that handle hundreds of customers everyday. However, their importance cannot be undermined even for small retails as they help to streamline the daily transactions and make it simple for the business owners to keep a regular tab on their revenues. By extracting the up-to-date data from a POS software, the calculation of profits is made simpler and precise.

ERP software, Accounting software and Distribution software are also quite useful for retail stores. Along with the POS software, these additional units help to consolidate the complete business transactions and enable the retailers to record their staff salary, their inventory levels, their vendor payments and the over all maintenance of their store operations. A brief description of these software may be put as:

ERP Software: ERP stands for Enterprise Resource Planning. The software is used to take care of important aspects of retail operations including estimation, order entry, scheduling, purchasing (from wholesalers), inventory management and maintenance of financial records.
Accounting Software: This software records and processes accounting transaction such as accounts payable, accounts receivable, payroll and trial balance. A record of all vouchers, financial statements and the business balance sheet are controlled through accounting software.
Distribution Software: This is an integrated software to manage order purchasing and inventory control as well as accounting, purchasing, sales and financial management.

An integrated retail software system can be customized with all or any of the products described here and help retailers in accessing crucial business information at any point of time.

Esuite is a Sydney (Australia) based company that provides business software solutions to different local and international companies. A fashion software for retail stores in garments trade, a franchise software for a restaurant or any other kind of business software can be programmed to suit your needs by esuite. You do not have to import and export data between different sections of your business activities as these are incorporated into one system. They provide totally flexible solutions to ensure that you have real time access to your business information at anytime, from anywhere!

Many retailers, such as clothing or apparel, footwear, and sporting goods companies that have multiple locations require retail point of sale software systems. The type of system required in today’s up-to-the minute world is immediate. Real-time information can make the difference between a sale and a loss. Being able to get the right items at the right time and place are invaluable to such companies. However, especially in the current economic climate, one doesn’t want to have to pay through the nose for such services.

Finding a company that offers software as a service is the ultimate for retail point of sale system software. Affordable service with highly trained technical support is essential. A business needs to have all of its locations linked together with the ability to easily manage the operations of each store without wasting time. Being able to immediately know what is on hand, in transfer or on order is essential to such system software. The benefits of this instant information include increased sales. One can see that if a customer is interested in a particular item in a particular size he wants it now. If it is not in the current location but you can immediately know where it is and how long it will take to get it in, you are more likely to retain that customer at that retail point of sale.

Another benefit of retail point of sale software is reduced costs. If double ordering can be eliminated through instant knowledge of real-time inventory, this is an immediate cost reduction. Knowing what is selling and what is not selling on a day-to-day basis throughout all locations is invaluable. Being able to order ?on-the-fly’ items that are hot sellers will reduce costs and increase profits. Lack of information is often costly, so having everything you need and want to know at your fingertips can also greatly reduce costs. As sales are increased and costs are reduced, then profitability goes up.

Rather than paying through the nose for a high priced company with expensive hardware and long-term contracts, one can hire a reasonably priced company that has short-term contracts and a minimum of hardware required. Such a retail point of sale system software company can offer easy support as they manage your system and allow you to manage your business. Short-term contracts allow you to better manage your money without being tied into a system that you have never tried before. As you research the retail point of sale system service companies, you will also want to use companies that have an excellent track record with thousands of worldwide installations.

Making certain that your current system is compatible with the retail point of sale system that is available is extremely important to you. Whether you use Windows, Java or UNIX applications, you want to be able to interface with them. If you use a PC or a Mac, you will want your new real-time inventory system to work with the computer operating system that you know and understand. This is all possible, and once you have begun using your newly integrated retail point of sale system software, you will wonder how you ever got along without it.

point of sale software, retail point of sale, pos retail