What is a museum? The definition of a museum used to be simpler. The word museum referred to a physical space (usually a building or a building complex) that showcased a collection of art pieces, artifacts, or other types of objects. These objects, of course, offer some sort of value in either cultural, historical, or…
If you’re like most retail business owners, you understand the importance of always being on the lookout for new opportunities to grow your business. After all, the only way to stay ahead of the competition is to evolve and adapt to the ever-changing landscape of the retail industry. But between running your day-to-day operations and…
The rise of online shopping combined with the unexpected COVID-19 pandemic —and precautions to prevent the spread of the virus— made things difficult for the retail industry. However, where there are headwinds there is opportunity. There’s no denying that the pandemic devastated many brick-and-mortar businesses, but on the other hand, modern-thinking retailers quickly adapted their…
The world is going back to its normal state, but the coronavirus pandemic will have lingering effects over the next few years and the retail industry will continue to bear the brunt of it. The holiday season is a great opportunity to drive more sales and maximize your revenue, but if you ignore the changes…
Running a retail business is rarely an easy task, if ever. As a business owner or a store manager, you’ll face countless challenges, and turning your business into a successful one usually requires time, effort and commitment. However, a number of these challenges can be eliminated by investing in the right tools and systems. You…
Covid-19 changed the retail landscape dramatically. Store owners are left wondering how to position their enterprises for success in the ever-changing market. It’s nearly impossible to perfectly predict the future, but there are some common practices and modern tools you can take advantage of to accurately predict what awaits you in the near future. Retail…
The Covid-19 pandemic has changed consumer behavior in a number of ways, and as a result, small to medium-sized enterprises (SMEs) became more resilient in the post-pandemic era and a lot more technology-friendly. These enterprises are more vulnerable to unexpected changes compared to larger corporations, but they’re also more flexible and responsive; leveraging innovative technologies…
Occupancy restrictions have been a critical component of government mandates meant to prevent the spread of COVID-19 in commercial establishments. Depending on the country and city, some venues restrict occupancy to either 10%, 30%, or 50% of maximum capacity; others specify only a certain number of people allowed to be in a facility at one…
As with any other business, gyms and fitness centers aim to increase profits and decrease expenses. Many businesses use conversion rates to measure success, but a fitness center’s visitors already paid money for a gym membership. As a decision-maker for a gym, you have to find alternate ways to collect and use data to your…
There’s no arguing that long queues suck. Nobody likes to wait in line, and there’s something that’s rarely discussed about queues — their huge cost. Research by Adyen found that long queues are among the chief contributors to lost store revenue, costing retailers up to £12 billion each year in sales losses. In this article,…
