Running an online clothing boutique is both a high-potential standalone business and a powerful digital extension for an existing storefront....
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About the Author
Lightspeed
Lightspeed is a cloud-based commerce platform powering small and medium-sized businesses in over 100 countries around the world. With smart, scalable and dependable point of sale systems, it's an all-in-one solution that helps restaurants and retailers sell across channels, manage operations, engage with consumers, accept payments and grow their business.
More from this author
Lightspeed is a cloud-based commerce platform powering small and medium-sized businesses in over 100 countries around the world. With smart, scalable and dependable point of sale systems, it's an all-in-one solution that helps restaurants and retailers sell across channels, manage operations, engage with consumers, accept payments and grow their business. Headquartered in Montréal, Canada, Lightspeed is trusted by favorite local businesses, where the community goes to shop and dine. Lightspeed has offices in Canada, USA, Europe and Australia.
🎧 Prefer to listen? Press play below: While small towns might not have the same foot traffic as big cities, they can still be...
- by Lightspeed
Quebec’s dining scene is thriving, yet its operational challenges have never been more demanding. It was against this dynamic backdrop...
- by Lightspeed
Running an independent retail business has never been about doing just one job. In a single day, you’re an inventory strategist,...
- by Lightspeed
Black Friday and Cyber Monday (BFCM) are no longer just two days on the calendar, they’ve become the centerpiece of the holiday shopping...
- by Lightspeed
A customer receives the wrong product. Another discovers a fault after opening the box. Someone else decides the item isn’t quite...
- by Lightspeed
The POS isn’t just where the transaction happens. It’s where the customer decides what they think about the transaction, and sometimes...
- by Lightspeed
When you look at your sales numbers, high revenue doesn’t always mean you’re actually making a profit. The contribution margin...
- by Lightspeed
Open-to-buy (OTB) is an inventory budgeting strategy that determines exactly how much merchandise a retailer can purchase over a specific...
- by Lightspeed
Whether you run a brick-and-mortar shop, an ecommerce site or both, getting a grip on how your retail business is performing is key...
- by Lightspeed
🎧 Prefer to listen? Press play below: Barcodes are an essential part of doing business as a retailer. So are SKUs. Because they’re...
- by Lightspeed
Operating expenses (OPEX) are a crucial part of running a retail business. From rent and utilities to payroll and marketing, these...
- by Lightspeed
There are a lot of memorable, one-off moments that are part of running a retail business. Opening your doors for the first time, making...
- by Lightspeed
Managing inventory is a balancing act for growing businesses, especially those with multiple locations. When products lose value or...
- by Lightspeed
🎧 Prefer to listen? Press play below: As a US based retailer, you already have to manage high turnover and the challenges that...
- by Lightspeed
Forecasting demand is essential for retailers to accurately predict how much of a product they should purchase. The inventory a retailer...
- by Lightspeed
A single convincing message can be all it takes to put your business at risk. Staying informed is your first line of defense.Impersonation...
- by Lightspeed
Your profit margin is a metric that should always be on your radar, and for good reason: it answers critical questions about your business,...
- by Lightspeed
So, you’re thinking about opening up a retail store? In today’s digital age with same-day eCommerce deliveries, your friends and...
- by Lightspeed
🎧 Prefer to listen? Press play below: The global e-cigarette and vape market is much larger than you might think, and it’s expanding...
- by Lightspeed
Starting an ice cream truck business can be an excellent choice for an entrepreneur launching a career.The financial barriers to entry...
- by Lightspeed
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