The Durbin Amendment, which caps debit swipe fees at 21 cents as opposed to the 40-plus cents banks used to charge merchants, has caused a major shakeup among major American financial institutions. Speaking at an industry conference, a number of banking executives have expressed interest in pursuing other payment methods to make up for the [...]
Consumers prefer Cyber Monday to Black Friday
American shoppers are growing sick of standing in long lines and fighting other shoppers for the holiday gifts they want, and instead prefer to shop from the comforts of their own home, according to a new IBISWorld report.
Cyber Monday sales are expected to increase 12.4 percent [...]
Members of the top social network Facebook can purchase credits for use on the site. That isn’t enough for Facebook, though – the social site is now looking to make Facebook Credits a universal currency.
Third-party websites can now use Facebook Credits to facilitate purchases. One of the sites taking advantage of this offer [...]
Consumers are looking to spend less when possible, with the average American’s holiday shopping budget dropping from $718.98 in 2010 to $704.18 this year, according to data from the National Retail Federation.
To facilitate this goal, they are increasingly looking [...]
Retail container traffic continues to grow in 2011
With the holiday shopping season on the horizon, retailers are beginning to stock up. This can be seen by the percent increase in cargo volume at major retail container port locations in October.
According to a report from the National Retail Federation and Hackett Associates, container [...]
Walmart will now have store-specific pages.
Rather than connect to its customers exclusively through its existing brand page, Walmart has announced it will create more than 3,500 store-specific Facebook pages. The retail brand is hoping this approach enables the company to better connect with local shoppers.
The key is being able to listen to specific [...]
The economy is tough. There is no question about that. There is also a good possibility that it is going to stay that way for awhile.
So, as a retailer, what can you do to make sure you survive this?
The most important thing is to know where your dollars are being spent and [...]
With the economy still uncertain it is now more important than ever to make sure you have a handle on your money. Nothing can kill your profitability faster than inaccurate inventory numbers.
One of the key advantages to using Retail Pro is the ability to accurately track your inventory quantity on hand. Combining this [...]
Retail Pro version of 9.14 has an expiration date of June 1, 2011. This expiration date was placed into the product since it does not have licensing. This expiration date is built into the product and cannot be changed.
If you are currently using 9.14 then you will need to upgrade prior to June 1st, [...]
Do you have products that you never want to run out of but also don’t want to have to manually pick each item and figure out how many to order every week or every month? Almost every store sells items that Retail Pro’s Auto Utilities gives you the power to generate replenishment orders automatically but [...]
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