Push slow moving products with the customer loyalty program

Customer-data
Retailers sometimes face the problem of having items in their inventory that move too slowly or simply do not sell. These items end up limiting the space of your inventory and are vulnerable to wear & tear, scratches, breaks and chips. For retailers these items need to move out of the store as quick as possible so that new profitable items can replace them and eliminate the risks of losing stock value through stock depreciation. Preferably retailers hope to get rid of them without having to throw them away or by giving them away through a massive discount, as this will have as effect a drop in cost of sales, assets valuation and in profit. The best solution to get ... Read More

Increase your Customer Retention rate with the Customer Loyalty Program

customer-satisfaction
Customer Retention rate is the rate at which customers returns to your retail business) is an important figure for retailers. For example, a business with a 60% customer retention rate has on average between 3 and 4 times less customers as a business with 80% customer retention rate. Many retailers therefore invest in making sure the customer comes back again next time. Posterita is here to help you to take on the challenge of increasing and maintaining high customer retention rate through the customer loyalty program. A customer loyalty program let you reward the customers who frequently purchase from your store with loyalty points. In doing so you will significantly increase the chances of your customers returning to your store ... Read More

Give your customers the flexibility to choose from different payment methods

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Credit cards, checks, coupons, vouchers, external card readers, gift cards, and many more new tender types are available to customers and they have taken over their shopping habits. According to research traditional cash is a thing of the past and in a few decades alternative payment methods will take over the market. As a retailer it can be hard to maintain and put all the different payment methods in place in your system. However it is important to keep up with the different tender types as your consumer wants the ease to use his preferred payment method and if this isn't available your customer might not return. Often however working with a broad variety of tender types requires an investment ... Read More

Manage different prices across multiple stores

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As a retailer you might have multiple stores spread out on various locations. All these different locations have the need for price adjustments. But locations can vary between prices and you as a retailer need to take into account where your store is located. An example, your store in Alabama might have a different pricing level than your stores in New York City. Similarly, prices at your stores in the shopping centers may have different prices than those that are located in downtown. Going to every store one by one to adjust or enter new prices can be a time consuming task to perform. Optimally, if you're running multiple stores and you want to change price lists in all these ... Read More

Give your customers the gift of Gift Receipts

employee-work
Gift receipts can be an interesting product for your customers. Many customers buy a product from your POS to gift it to someone else. But what if the receiver needs to return or trade this product? They would need to have the receipt as well. However this is something that the customer who is offering the gift might not want to hand out, as it shows the price, method of payment and circumstance of the purchase. With gift receipts you offer your customers an easy solution. Gift receipts are just like regular receipts, they are a proof of purchase that allows the owner to trade or return a product if it is not the desired item. Gift receipts have the ... Read More