The jewelry you sell in your fashion boutique is more than decoration for various parts of the body. Jewelry has a purpose, like boosting confidence, completing an outfit, and showing off your customer’s personalities. It helps them stand out in a crowd and is a great way to accentuate your features.  For some, jewelry has meaningful value, like a family heirloom handed down through generations or a sentimental piece from a romantic partner. For others, jewelry is a good investment or an easy way to upgrade an outfit. Having the right jewelry for sale in your boutique is an easy way to increase revenue. One way to further increase sales for even higher profit margins involves jewelry packaging. What is Jewelry Packaging? Jewelry packaging...

It can be difficult to determine the right retail distribution strategy. Here's a helpful guide. Owning a retail store with fabulous products does not put dollars in your account. You must get the products into the hands of customers willing to pay for them. You must distribute them. Distribution is not always straightforward because every customer has different needs and budgets. So, how do you make your store products stand out and become a “must buy” item for customers? You plan a successful retail distribution strategy. What is a Distribution Strategy? A strategy is a plan of how to complete an action. In this case, distributing products is your action. Therefore, you want to create a distribution strategy comprising various approaches to getting customers...

Looking to take advantage of your summer sales!? Learn how to increase sales in retail this summer! Read below for more...

It can be overwhelming to think about a boutique business plan. Luckily, here is a helpful guide to get started. If your goal is to open a fashion boutique, then you need a plan that could win an Olympic gold medal if there were such a category. The plan must turn your small space into a unique, trendy hot spot. Plus, it must show the various ways your profits will grow. You need to create a successful boutique business plan. This may sound complicated. We get it. That’s why we put together a list of tips to help you in the process. What’s Your Boutique Type? Choosing your type of boutique is deciding how you will make money. Consignment boutiques make money by selling...

What is demand planning and how does it benefit your retail business? Here is everything you need to know. If your customers want a product, but you don’t have it, they will buy it somewhere else, and you lose money. If you have an ample supply of a product that nobody wants to purchase, you get stuck with the products, and you lose money. Here are the statistics to back up the importance of demand planning in retail: 65% of retailers consistently run out of stock of in-demand, fast-moving products. Also, 63% overstock and end up with too much inventory of slow-moving products. It gets worse. According to reports, out-of-stock retail items account for $634 billion in lost sales every year. Overstocks...