Emerging Trends & Innovation

   

Forecasting: Maximizing Retail Revenues

Sales forecasting is a crucial part of the financial planning of a retail business, essentially is the process of estimating future business’s sales. A forecast is based on historical sales data and is done for a particular period of a time in the near future, usually the…

iVend Retail Dashboards

Intense transformation in retail industry puts retail technology and information technology in key focus. The data collected from various sources is expected to converge together to derive actionable metrics and give a competitive advantage to retailer’s. The data is collected in volumes from all possible…

Inventory Management through handheld devices

Managing retail inventory often requires long hours and can result in costly errors. A handheld solution for inventory management can better utilize retail workforce time by giving them a tool to check stock inventory in real-time.  Retail associates can use handheld devices to immediately check…

What’s new in iVend POS 6.2

Reiterating its strong commitment to continuous innovation to create profitable retailers and happy consumers, CitiXsys released a feature rich, iVend 6.2 earlier this week. This release of iVend Retail has numerous features, all aimed to extend valuable business benefits to the retailers. This post talks…

What’s coming in iVend POS 6.2

Item Costing Item Costing allows a company to provide a monetary value for items that make up their inventory. Inventories are usually the largest current asset of a business, and proper measurement of them is necessary to make business decisions. With the introduction of Standard…

Changing Retail Dynamics with Mobility

Mobility in general and specifically in retail has changed the way we consumers go about retailing. It is this ubiquitous nature of mobility that has led to all forward-looking retailers incorporate mobility in their business landscape. There are equal number of retailers who have set…

Online Trends Predicted for Year 2014

Sales from eCommerce portals are steadily gaining an upward trend and steadily becoming a significant portion to total retail sales. The contribution percentage of eCommerce sales is increasing at a much higher rate than retail sales in general boosting retail sales. eCommerce is also complementing…