3 ways to tackle retail compliance issues

 

An excerpt from Bad Stores and How to Fix Them

 

Lack of compliance with currency management procedures is a natural consequence of the industry’s high turnover — if staff is always changing, procedures get sloppy. But even without an ever-changing team, procedures and the ability to govern how and when they’re executed can suffer without the proper tools.

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Should retailers hire extra holiday help?

 

For each of the past four years, Target has hired 70,000 temporary workers to handle its increased holiday workload – roughly the population of a mid-sized city. This year, they announced they’re upping that number to 100,000.

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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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Retail turnover – and over and over

 

In retail, turnover is a part of doing business – but one that has a big impact on your bottom line and customer experience. Associates aren’t afraid to switch jobs quickly – for a more convenient location, better hours, more lax dress code, new employee discount, or because of a bad manager.  When they go, they take along the training you’ve invested in them and leave you with a hole in your schedule.

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