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Is Consignment Serving the Connected Customer Best?

Posted by POS.com on Jan 26, 2018 9:01:01 AM

While the retail transformation headlines have focused on the battle of eCommerce vs instore, the demise of malls, and speculation on the store of the future, a quiet disruptor: Resale, has been picking up where traditional retail leaves off. 

The resale market, and specifically apparel resale, with convenient marketplaces showcasing curated finds to the connected customer, is gaining share of traditional retail sales. According to the ThredUp Annual Resale Report for 2017the $18B Apparel Resale market is expected to grow to $33B in 2021. The US Apparel Resale market represents not only all secondhand apparel, both online and offline, it also includes traditional thrift stores, and established auction sites such as eBay.

Traditional retailers take note: resale shopping is not only thriving in the face of the ailing traditional retailer, its adopting some of the latest trends in the process.

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Topics: Retail, Point of Sale

Why is POS Integration So Important?

Posted by POS.com on Oct 5, 2017 9:03:00 AM

If you’re reading this, chances are you already know how important a POS system is to your business’s bottom line. What you may not be thinking about however, is the integration capabilities of your system. Today, businesses have multiple systems that can benefit greatly from a POS system capable of integrating with other modules.
Here are just four of the ways you can expect to benefit from POS integration:

Accounting Software

Unless you’re writing in a ledger with a pencil every day, odds are you’re using some type of accounting software. In fact, nearly half of all business owners say that bookkeeping is their least favorite task, thus accounting software makes sense on many levels.

Having QuickBooks accounting integration, for example, will enable you to view your sales in real-time, make end of day/week/month settlements simpler, and unlock valuable insight into your revenue streams. You can then use this information to make informed decisions on price changes, hours of operation, and more.

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Topics: Retail, Restaurant, Point of Sale

Everything You Should Know About Payment Methods at the Point of Sale

Posted by POS.com on Sep 15, 2017 9:52:46 AM

As a restaurant, retail store, grocery store, or salon/spa business owner, you have most likely found that POS systems and their corresponding payment methods are something that cannot be ignored. These areas carry great importance and potential risk if certain security measures are not taken into consideration.

Granted each business will have their own system and some will use certain technologies that others do not, when looking at the big picture, however, it is important to consider what your customers potentially expect to see at the point of sale when it comes to payment processing, as well as consider how the POS solutions and payment methods impact your business and staff.

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Topics: Retail, Restaurant, Point of Sale

Restaurant POS Systems: Top 5 Reports with Actionable Insights

Posted by POS.com on Jul 25, 2017 10:54:16 AM

You may think of your restaurant POS system as a tool for entering orders and printing checks. Of course, these functions see daily use, but they are not the only features that hold value. On the back end, your restaurant POS holds a wealth of reports that are vital to your operation. When explored, these reports can tell you a lot about the current state of your business. You can also use this information to take action to improve your operation.

Here are the top 5 reports with actionable insights that you should be looking for, along with how you can use this information to the benefit of your business.

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Topics: Restaurant

How Savvy Retailers Pick a Point of Sale System

Posted by POS.com on Jul 11, 2017 5:55:02 AM

There are many factors to consider when choosing a retail POS system for your business, and dozens of options to choose from. And while you may be tempted to think that all systems are the same, this is not the case.

What’s more, POS systems vary in their intended industry. For example, a system designed for restaurants may not be ideal in a retail setting, and vice versa. You know your business better than anyone. Consider your specific needs and determine what’s most important to you.

We understand that with so many options, it can be difficult to choose. Savvy retailers know that there’s a lot to look for when choosing a POS solution for their business. Consider these points and you’ll be on the right track.

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Topics: Retail

When Do You Need a Mobile POS System?

Posted by POS.com on May 30, 2017 3:14:56 AM

With the rise of mobile devices in the hands of every consumer, businesses as well are taking steps to incorporate this technology in their store or restaurant. Mobility has the capacity to increase both the speed and efficiency of your services and is notably useful in several restaurant and retail settings.

Once implementing a tablet or other mobile device that has been specially programmed to process orders, print checks, or manage returns, many businesses quickly find themselves wondering how they ever did without it.

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Topics: Retail, Restaurant, Point of Sale

5 Ways the Right Restaurant POS System Can Help You Upsell and Cross-Sell

Posted by POS.com on Apr 12, 2017 3:52:35 AM

As a restaurant owner, you might already know that restaurant POS systems help you offer faster, more efficient service. The ease with which your servers can take and place orders, print checks, or make changes is a big saver of time and money.

However, did you know that restaurant software can also help with your bottom line? Upselling and cross-selling are important skills that excellent servers and cashiers can hone. With the right restaurant POS system in place, it can pump up your average ticket price as well!

Restaurants and bars are natural industries when it comes to this type of sales tactic. Compared to a retail store, few patrons are there “just browsing.” In fact, it’s rare for a customer to enter a bar or restaurant without already having the intention to buy. This is a gold mine of opportunity, and a POS system for restaurants can be a big help!

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Topics: Restaurant

The Future of Retail POS Systems: Omni-channel Retailing

Posted by POS.com on Apr 5, 2017 3:51:00 AM

Acquiring an omni-channel retail POS system is one of the top items a retailer can do to keep themselves relevant. Today's retail market is flooded with options for your customers to get what they want, when they want it and how they want it. Matthew Shay, President and CEO of the National Retail Foundation said this in December of 2016. “There has been a lot of talk about online versus in-store retail in the past few months, but that comes from people who don’t realize that online and retail today are the same thing.” Having a Point-of-sale system that integrates the different purchase channels is essential.

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Topics: Retail

Letter from Founder and CEO of POS.com (April Fools' Day Campaign)

Posted by POS.com on Apr 1, 2017 3:45:00 AM

Dear Friends and Family of POS.com

I am saddened to announce that the terms POS and POS.com have been hijacked by the current political climate. The term POS used to stand for Point of Sale System. Due to the recent events, the term POS has taken on a whole new meaning.All you have to do is Facebook Search or Twitter Search #POS & @POS, and you will understand my pain. As the Founder and CEO of POS.com I have decided to repurpose one of the most valuable domain names on the Internet www.pos.com to focus to the newly hijacked meaning. At this point, I desperately need your help to pick the future direction of the site, please tell me what POS means to you, so we can focus on what truly matters…

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Topics: Point of Sale