All you need to know about Green Retailing

Eliminating waste.

Increasing efficiency

Reducing Costs.

Starting from as small environment friendly packaging material, giving your customers reusable shopping bags instead of plastic and implementing energy efficient practices like using renewable sources of energy to power operations is considered green retailing. It includes energy-efficient stores offering energy-efficient products, green merchandise, promotion and distribution, and reduced packaging.

Here’s how Nike and Wal-Mart are doing it :

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Omnichannel Retailing- All you need to know

“Omnis” is Latin for “every/all”

 

 

 

 

 

Omni-channel means establishing a presence on several channels and platforms like brick-and-mortar, mobile, online, catalog, telephone sales etc. and enabling customers to make transactions and engage across all of these channels simultaneously or interchangeably.

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POS (Point Of Sale)- All you need to know

Point of Sale- ( Abbr. – POS) Place where a sale is made.

Point of Sale
Weaver – Point of Sale

What is POS?

Point of sale, also referred to as point of purchase, is where a customer completes a sales transaction. Anyplace where a product/service is sold/bought is the point of sale. It could be a mall, restaurant, grocery store, a theatre, salon, stationary shop or anywhere you make a transaction; the exchange of a product/service for a certain monetary value. 

What is POS transaction?

The “point” where a customers tenders payment using any mode of payment, namely cash, card, wallet or mobile payments etc. in exchange for goods/services.

Point of sale

What is POS on a bank statement?

POS on a bank statement is usually used to describe the type of sale. You can see POS on your bank statement if you used your Debit Card to pay and complete a sales transaction. The details of the vendor you purchased from might appear in case of a Credit Card Statement.

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Small Business Vs The Goliath- How to fight somebody that’s not your own size?

Harvard Business Review was live with an interesting case study on how small companies with a social mission could compete with the Goliaths of various industries. The case study was interesting because people from all around the world shared how they would deal with, what Harvard’s best case studies are indeed! a stew of dilemmas.

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This Valentine’s day- realise the magic of numbers!

Before many of your customers get too overwrought to reason or make the right decisions planning for the celebration of love and commercialism of the same, you should swoop right in and save the possibility of what could be an overrated disaster on Valentine’s day!

Now, from observations, research and surveys conducted to predict spending patterns, it was also evident that Valentine’s day fever starts from the first of February, comes to a crescendo on the 14th of the month and gradually wears off by the 20th. Giving you three weeks time to spoil your customers with choices. Here are the trends, numbers and hacks for the day!

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