Solving c-store cash worries

 

CSP’s sixth annual cash management study revealed that, much like last year, convenience store owners and operators are by no means immune to the currency concerns plaguing other retailers. Respondents remain concerned about day-to-day cash handling issues:

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Survey: Role of treasury is on the rise

 

For retailers, it’s clear that cash management and other treasury functions are becoming more and more important every year. Without a strong, efficient corporate operation and stores that follow suit, your products and customer service can’t shine through – no matter how strong they are.

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What's hurting retail?

 

It’s easy for retailers to believe the media narrative that the industry is dying, slowly having the life squeezed from it by Amazon and its virtual companions. The fear that we’re all just running, Indiana Jones-style, from the boulder that is internet shopping can make it hard to make good decisions about the future of your enterprise. 

 

But you can stop worrying that you’re about to go out of business — as long as you keep up with the changing times.

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Don’t let manual processes slow down payment reconciliation

 

Payment reconciliation might seem like a no-brainer to many retailers. After all, so many of today’s transactions are by card, right? Not necessarily. According to the Federal Reserve’s Diary of Consumer Payment Choice study, 32 percent of consumer spending is still in cash. In retail categories like food and personal care supplies, auto-related spending, entertainment, and personal services, cash still reigns supreme over credit, debit, checks and electronic payments.

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Retail training: How much is enough?

 

Retail has a tough turnover rate, and losing an employee when you’ve spent time training them is frustrating. How much time should you spend training your employees and is it worth it?

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When to worry about your good stores

 

You probably have a handle on which locations in your chain are your bad stores. But what about outliers in the other direction? Did you ever consider that some of your stores could be too good? If you have a store that always turns in perfect reports and never misses anything, your first instinct is probably to be thrilled. You might even consider using them as an example for the rest of your stores.

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What does Amazon + Whole Foods mean for retail technology?

 

The retail world was abuzz last week with the news that Amazon would purchase Whole Foods for $13.7 billion. Recent headlines have trumpeted the death of traditional retail as stores close, and some feared this development was the nail in retail’s coffin.  But it might actually be Amazon realizing that brick-and-mortar stores are an important element of success on the path toward sustained profitability.  

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Getting the most out of your video surveillance system

 

On almost any television police drama, video surveillance is essential to crime-solving. Investigators can pan, zoom, and clarify security footage at impossible levels to find the culprit. In real life, it doesn’t quite work that way. Often, crimes don’t stay unsolved due to lack of footage or because the surveillance cameras weren’t trained on a particular corner they stay unsolved because nobody’s quite sure there even was a crime, let alone what happened.

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What does Amazon Cash mean to brick-and-mortar retailers?

 

There’s no denying Amazon has changed the retail landscape. When the site debuted in 1994 as a purveyor of college textbooks, primarily, nobody could have predicted the massive effect it would eventually have on consumerism in general.

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Using POS software to streamline your supply chain

 

Today's installment is a guest post from the experts at TechnologyAdvice, who specialize in connecting companies with technology vendors.

 

Point-of-sale (POS) systems have evolved significantly in recent years. While many transactions used to involve clunky cash registers and manual records, today’s POS software can integrate with other platforms to automate tasks, making supply chain management more efficient.

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