Operations

Understanding how to effectively set prices could be intimidating for a new manager. Like many facets of retailing, pricing strategy is part art and part science. How a retailer sets prices will have a direct impact on the viability of …

When Gina Schaefer opened her first hardware store in 2003, she had no idea what the future would bring. Shortly after shifting gears from a career in technology to owning and operating her own store, her husband Marc Friedman joined. …

In an ever-increasing technological world, cybersecurity attacks can impact any business. The Hiscox Cyber Readiness Report 2022 shows that 48% of organizations across the U.S. and Europe experienced a cyber attack in the past 12 months, despite businesses expanding their …

When Travis Detter founded Spectrum Paint Co. in Oklahoma in 1986, he knew he wanted to go into business for himself, and the paint industry was the path he took. In the beginning, he was the only employee. Now, Spectrum …

While shoplifting receives most of the attention when looking at shrinkage, internal theft and fraud also account for a large percentage. While the National Retail Federation (NRF) doesn’t track the data anymore in its annual National Retail Security Survey, in …

In light of ongoing supply chain issues, Warren Swindlehurst, president of U.S. Wire & Cable Corporation, shares insights on the crisis and best practices retailers can utilize to ensure on-time delivery and reduce the negative impact of supply chain headaches. …

Theft, fraud and shrinkage can wreak havoc on a business, with the Coalition of Law Enforcement and Retail estimating retail crime will top $45 billion in annual losses this year. Discover how fellow hardware and paint retailers handle theft and …

In the three years it has been in business, Nikiski Hardware & Supply in Nikiski, Alaska, has not only become the go-to spot for home improvement items and household products, it has established itself as a community hub and gathering …