The Holiday shopping season is in full swing now that Black Friday and Cyber Monday have passed. Stores will welcome thousands of visitors, most of which will be there to legitimately shop. However, there will most likely be a few shady characters and potential...
The holidays are rapidly approaching, and the holiday season is big business for retailers! Americans spent over $886 billion during the 2021 holiday season according to the National Retail Federation (NRF) which is impressive considering that it occurred during a...
As the summer season comes to a close and families start their back-to-school (BTS) shopping, retail’s second busiest season of the year comes at a time when there are extraordinary pressures within the economy that we have not seen in quite some time. Surging...
Nobody ever said the restaurant industry is easy. Beaten up by COVID closures, record-high inflation, and persistent staffing shortages, some operators are just an invoice or two away from hanging up the “Sorry, We’re Closed” sign for good. Even in the best of times,...
Menu Item Analysis and Categorization is the study of the profitability and popularity of menu items and the impact each has on operations. It requires a thorough understanding of food costs, sales, and the subsequent categorization of items. From there, various...
Proper placement of offerings on a restaurant menu is imperative as this placement plays a critical role in how customers order. Therefore, when designing a menu, it’s imperative that restauranters invest the requisite time and effort into selecting an appropriate...
As we begin the new year, I always recommend that our dealer clients take time to reflect and reassess the prior year and try to determine any areas where efficiencies could be achieved, and perhaps more importantly, revisit policies and procedures that could help...
The pandemic undoubtedly created a different type of shopping experience for consumers over the past 18 months, which required retailers to manage through some major disruptions. Decreases in foot traffic, face-to-face customer engagement, in-store experiences,...
For many companies, inventory represents a significant asset on the balance sheet. Whether it’s goods for resale, work in process, or raw materials, the sum of these can represent a significant portion of a company’s assets. Given the size of this asset, it’s...