Best Practices

11 Strategies to Reduce Labor Costs at Your Retail Business

One of the largest expenses in retail or business is labor costs. These can add up quickly, often leading to increasing costs over time. Looking for ways to reduce labor costs can help reduce any added strain on your business’s bottom line. Labor costs, which should only be around 20-35% of a [...]


16 Retail Loss Prevention Tips to Protect Your Store

The retail world is constantly evolving to include more shopping opportunities for consumers. However, this unfortunately means that there are more opportunities for retail loss. Retail loss prevention is imperative for any store to implement to keep their inventory safe.  In 2022, 81% of U.S. retail stores reported that their shrinkage increased. [...]


7 Ongoing Convenience Store Operating Expenses to Budget For

Running a convenience store can be a lucrative and fulfilling business, but it's important to be aware of the ongoing operating expenses that come with it. By understanding these types of ongoing expenses upfront, you can plan accordingly and potentially save your money. If you’re seriously thinking about how to [...]


11 Ways to Increase Convenience Store Security and Safety

Robberies in the U.S. increased by 19% from 2021 to 2022 according to the Council on Criminal Justice (CCJ). Late hours and large amounts of cash on hand make convenience stores especially high risk for crime, so it’s no wonder that convenience store owners and managers are focused on store security.  [...]

Go to Top