Leading Managed, BTL | Payments, Engagement & E-commerce Services

THERE ARE THREE TYPES OF STORE AUDITS EVERY RETAILER SHOULD CONDUCT. Every retailer should perform store audits because they help you uphold corporate standards, enhance operations, and promote a secure shopping environment. But what kinds of store audits should you act, how frequently should you do them, and most importantly, how can you ensure they are done correctly? We spoke with a few retail experts and inquired about the best practices for store audits to get answers to these questions. Here is what they had to say, so take a look. MATERIALS AUDITS. In a retail environment that is changing quickly and becoming more competitive, properly executed merchandising audits—traditionally viewed as table-stake activities—can help drive differentiated approaches. Additionally, according to Chio, top brands and retailers discover ways to use this information from the front-line merchandising audit as crucial actionable insights for the company. LEADING METHODS FOR RUNNING MERCHANDISING AUD

Time has changed, and with it, the way people traded has also changed. Looking into our past, the only form of commerce was the barter system. Back then, people exchanged goods without carrying out a monetary transaction. However, today's changes have taken us to another world. Things seem convenient, but is that the only difference that stood out? Let's take a closer look at both and find out how time has traveled and changed the way we act: General trade is mere retail trade, i.e.; small businesses cater to consumers who shop in small quantities daily, while modern commerce involves selling products to large houses. As a result, retail, or let's say, consumers who depend on past steps suffer greatly. This might give you an overlook of general trade vs. modern trade.  A deeper analysis of general trading will highlight its similarities to traditional selling strategies. Sales tactics focused more on quality and less on sales strategies such as marketing and promotions. Ho