Before You Pass the Torch, Find Out What Your Business Is Worth
Small-business owners invest blood, sweat and tears—not to mention time and money—into their companies. Putting a price tag on all that work may seem impossible. But in fact getting an accurate business valuation is essential. Read more …
Social media plays an important role in grocery shopping
Nearly 60% of shoppers use social media to find recipes, while more than half use social media to compare prices, according to a new study from Packaged Facts. Millennial men are 165% more likely than the average grocery shopper to be influenced by social media advertising, and millennial dads...
How to Get Twice as Much Done in Half the Time
Feel like there’s not enough time in the day to get through your to-do list? Here are three productivity hacks that can help you prioritize. Read more …
Powered By Digital, Deloitte Predicts 4% Increase In Holiday Spending
Holiday retail sales are on track to grow up to 4% this year, down from 5.2% in the same period last year, as concerns about stagnant wages and global volatility make consumers a bit more cautious, even as the improved employment picture and low gas prices boost confidence, according...
Compete with Quality
If you’re competing against the big guys—national-chain service providers, or online retailers—it’s going to be hard to win on price. In fact, you may not want to win if it means being the cheapest. But you can turn this into a fair fight and, as a small business owner,...
Grocers embrace digital coupons
Grocers are seeing growth in adoption of digital coupons, which offer consumers the convenience of loading paperless vouchers from retailers’ sites and mobile applications to their loyalty cards or through coupon networks and aggregators. “Mobile can help grocers reach their shoppers in a way that’s more intimate and relevant...
Is click-and-collect the next big thing in grocery?
The concept of click-and-collect is gaining popularity in the U.S. grocery landscape as retailers and consumers take cues from established services in Europe as part of a major trend emerging in grocery, a panel of experts said at an industry event last week. Click-and-collect pilot programs allow retailers to...
A Better Experience Beckons
More than four in 10 consumers say they avoid self-checkout lanes because they expect technical or bar code scanning difficulties. An online study conducted by Harris Interactive found that 88 percent of U.S. shoppers would like the store checkout experience to be faster; half of those polled cited slow...
Why do people steal from stores?
Richard Hollinger analyzes that question for a living. He’s a criminology professor at the University of Florida who also leads an annual study of retail theft jointly conducted by the school and the National Retail Federation, the industry’s trade group. The latest study, revealed last month at the NRF’s...
Change with the Times
If you come from a small business lineage, you likely recall parents and grandparents sealing deals with handshakes. And while tradition is wonderful, it’s not always the best path for sustaining or growing a business. If you’re looking to stay competitive … Read more …