Discounting is often the first tactic retailers reach for when sales dwindle. However, deep discounts can quickly erode margins and train customers to wait for the next sale. Instead, create promotions that reward shopping behavior, encourage larger purchases, bring customers back more often, and help move aging inventory without sacrificing profitability.
In April, MBS system partners were invited to participate in our monthly System Skills Recharge session, Item Management Made Easy. During this one-hour virtual training, MBS Store Technology Solutions Sales Consultant Heather Gillespie guided attendees though practical strategies and tools to simply item management, from setup to maintenance.
The collegiate retail landscape is evolving fast, and MBS continues to innovate with technology designed to elevate the campus store experience. Each innovation empowers college stores to streamline operations, build stronger customer relationships, expand service offerings, and maximize revenue opportunities.
Many collegiate retail systems rely on separate components, each with its own licensing fee. MBS is changing that with Arc Total Access.
Physical Inventory can be a long, tedious process. However, it is a necessary project to ensure accuracy and identify errors. With the MBS system, stores accomplish physical inventory faster, more cost effectively and with greater accuracy.
Recently, Hibbing Community College merged with four other regional colleges in northern Minnesota, creating the new Minnesota North College. In order to accommodate the merger, the five separate college bookstores have consolidated into one bookstore serving six campuses. Consolidating resources, the smaller stores are able to effectively serve their campuses as well as thoughtfully evolve to better compete in a changing market. We recently sat down with Bookstore Coordinator Becky Mayo to discuss how MBS Store Technology Solutions is helping them with this evolution.
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