Retail

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What Kind of Inventory Should You Complete
As January approaches, many retail businesses start thinking about completing their physical inventory. The benefits of completing such a process are well documented and include everything from documenting your shortage to resetting your on-hand counts. With the benefits known, the question is not whether you should complete an inventory. Instead, it is the best way to complete it
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Many retailers are struggling to recruit and retain employees. In the webinar “How to Find, Keep, and Motivate Employees Today” from the Food Marketing Institute, Harold Lloyd, president of H. Lloyds and Associates, Inc., shared tips to make your store appealing to potential and current employees.
Increased use of digital technologies is impacting consumer preferences— and food interests are no exception. Healthier options, unique ingredients, and cultural styles have seen an increase on social media in 2021, and that influence will continue into 2022. Similarly, consumers will continue to gravitate toward online menus and ordering, curbside pickup, and delivery. Restaurants with healthier offerings and digital options will continue to see increased traffic and sales.
As online retail continues to grow, "buy now, pay later" (BNPL) providers have been gaining popularity as an affordable payment option. According to Ujjwal Dhoot, CMO of DXL Group, and Greg Lisiewski, VP of Global Pay Later Products at PayPal, retailers need to stay ahead of the curve and embrace new ecommerce payment options to stay competitive.

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