A store missing its targets or failing to meet expectations can derail company revenue goals. Here are expert tips to help you improve store performance.
Publishing standards does not guarantee execution in-store. Here are 5 reasons why you should measure compliance in your stores as well as how to do so.
So what types of inspections should you be performing in your stores? We recommend starting with Health and Safety, Merchandising, Operations, and Loss Prevention inspections across all stores at regular intervals.
Nobody said running a retail business would be easy. Even the most conscientious retailer can get bogged down trying to juggle the tasks that comprise day-to-day responsibilities. That’s why business operations need to be approached strategically. From managing sales associates to keeping a fresh flow of inventory stocked on the shelves, you can cut costs … Continue reading Retail Best-Practices to Help You Streamline Store Operations
Retail audits, also called Store Visits or Store Inspections, drive higher compliance with brand standards at store level. They increase sales and profit margins, boost customer satisfaction and cut business risks. Maybe you are starting a retail audit program from scratch. Maybe you have an existing program and are looking to improve or automate your … Continue reading How to Build a Retail Audit Checklist
Compliant IA provides a cloud-based "out of the box" retail execution solution. The solution works in multiple countries, multiple languages on smartphones, tablets and PCs, both online and offline. Compliant IA offers inspections, action plans, tasks and corrective actions for operations, merchandising, loss prevention and security. If you are a franchisor or operator of multiple … Continue reading What is Compliant IA?
Running a retail store is complex, and it might be difficult to know just where to start when you’re smoothing out your processes. But making retail operations run more efficiently should be at the top of every retail executive's to-do list, and the tips below will get you on the path to streamlined success. 1. … Continue reading 8 Ways Retailers can Streamline Store Communication and Execution
Use a store operations checklist and regularly inspect your locations to ensure brand standards are upheld and stores are running optimally. Use this sample Store Operations Checklist to create or update store standards or operations programs across your locations. First impressions On a scale of one to ten; how presentable is the store? Are carts … Continue reading Store Operations Checklist
Your retail business is inherently complex. It has many moving parts and a multi-faceted cost structure. Cost of goods sold, labor costs, leasing fees, hydro costs...these costs are real and have a direct effect on a store's bottom line. Control your costs and if you sell a product for which there is demand in the … Continue reading The Business Case for Using Checklists and Inspections in Retail
A retail audit is a smart checklist. It is based on a form, has points, best-practice pictures, supporting files, conditional items, critical items and action plan recommendations. Retail audits, also called store walks or store inspections, help execute brand standards, as well as identify, track and resolve deficiencies.
Retailers, manufacturers, distributors and operators are all struggling to do more with less. Fewer people, less budget, less time. You need to check brand standards, you need to collect data from the field, you need to send tasks to stores. You need to do all of that with limited resources. Do you buy or build? … Continue reading Operations Software: Should you Buy or Build?
This guide to retail audits is to help you create or update your operations, merchandising, loss prevention, and/or health and safety programs.
In retail today, every dollar counts, and loss prevention challenges are very real. Shrink has a significant effect on a retailer’s bottom line. In fact, a recent study by the National Retail Federation (NRF) found an average shrink rate of 1.44%. This costs "the overall U.S. retail economy $48.9 billion.” This is why we put … Continue reading Loss Prevention Challenges in Retail
Customer Privately owned UK insurance broker and their risk management partner specializing in safety analysis and legal compliance in construction and engineering sectors. Problem The customer required the flexibility to create and update numerous specialized forms based on client needs, record non-compliant safety issues in real time, track resolution and easily identify safety trends for … Continue reading Case study: How a Risk Management Firm Used Location Audit Software for Safety Audits
A Pharmacy Inspection Checklist helps ensure stores have the right systems in place to comply with regulations and health and safety standards. Some of the information below comes from the office of the professional of New York State and is included here in case the information is moved or removed from their website. Premises Registered area … Continue reading Pharmacy Inspection Checklist
Use this sample checklist to create or update your wireless authorized retailer program across your retail locations. Checklists ensure that wireless authorized retailers merchandise and sell consistently with company standards and reseller contractual obligations. Regular audits help retailers and distributors be proactive and address issues before they become major problems. Audits also tend to cut … Continue reading Checklist for Wireless Authorized Retailers
Convenience stores make up 33.9% of all retail outlets in the U.S. Here are convenience store trends impacting sales across the industry.
This post details what happens before, during and after an audit or inspection for merchandising, service and/or loss-prevention in a store. Here's how to conduct a retail audit/inspection in 10 steps. Step 1: Schedule the audit First, using your enterprise calendar or your Compliant IA built-in calendar, schedule the audit. Some audits are announced to … Continue reading Conduct a Retail Audit in 10 Steps
Whether you call them « audits », « assessments », « evaluations » or simply « visits », the practice of sending a district manager to a franchisee to check on brand standards, answer questions, communicate best practices and coach is widespread. Let's look at six reasons why franchisors should "audit" franchisees plus one reason … Continue reading 6 Reasons Why you Should Audit Franchisees (It’s not What you Think)
Implementing a retail audit process is neither time-consuming nor difficult. It is perhaps one of the easiest things an operations/sales team can do to boost in-store execution, customer satisfaction and sales. Here is how you can implement a retail audit process in five steps: Step 1: Ask yourself: do you need retail audit software? Asking … Continue reading 5 Steps to Implement a Retail Audit Process