The Retail Vantage
November 2010
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In This Issue
Shopping Report
SmartAlerts
US Retailers' Glimmers Of Hope This Holiday
Tech Tips
Improve Your Company's Customer Service
Meet Our Staff
ARMS on Facebook
Referral Program
 
 
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Shopping Report: 3 Biggest Holiday Trends for Young Adults
By Farnoosh Torabi 
Holiday Shopping Report

 

The National Retail Federation recently surveyed all age groups on their spending plans this holiday season. Among the results there were some interesting revelations about the shopping habits of young adult. Here are the highlights:

 

Your Smartphone Is Your Buddy

 

The NRF says one in four shoppers - mostly young adults - with an iPhone or other smartphone will use their device to shop for gifts, comparison shop and research products. Shopping applications like Coupon Sherpa, Amazon Mobile, Shop Savvy, Red Laser and Compare Everywhere are some of my own faves.

 

You're Most Likely to Buy a Gift For Yourself

 

Talk about Generation Me: NRF finds young adults are the age group most likely to make "non-gift" purchases for themselves (69.4% of young adults vs. 57.1% average).

 

If you must shop for yourself first, just remember that experiences from leisure and travel are what researchers say are one of the few real purchases that can make us happy. Taking a yoga class or spending the day with friends is money well spent ... and a nice stress reliever around the holidays. 

 

Continue Reading: http://moneywatch.bnet.com/saving-money/blog/so-money/shopping-report-3-biggest-holiday-trends-for-young-adults/1001/

 

 

Source: MoneyWatch.com

 
SmartAlerts: 


SmartAlerts is a real-time notification service that allows merchants to monitor their operations. It provides timely, actionable alerts that reduce fraud, improve operations and provide better customer service.

  

Some benefits that SmartAlerts provide include the following:

  • Retailers can be proactive, not reactive about fraud
  • Retailers can stay in touch with their store(s) without having to be in every store
  • Retailers can know when their credit card settlement has failed
  • Retailers can automatically receive a daily flash report with sales numbers 

Providing you with instant intelligence, CounterPoint SmartAlerts is a unique service that analyzes your CounterPoint data and transactions. Alerts, which easily can be configured for your business, are sent via SMS text or email when SmartAlerts discovers an action that falls outside the thresholds you establish.

  

These alerts help you watch your business at all times so that immediate action can be taken against alerted activity that could potentially affect your bottom line. Even if you are in the store 24/7, knowing instantly when these actions are happening can make a significant difference. In addition, it enables an owner or store manager to stay connected to the store activities when they are away.

 

Some sample SmartAlerts that you can sign up for include: No Sales Activity, High Sales Activity, Excessive Price Overrides Applied, Sign in After Close, Sign in Before Open, Excessive Voided Tickets, Sales Over A Defined Amount, etc.

 

For more information or pricing please contact Rob Freda at Rob.Freda@armsys.com or 800-305-0461 x311.

 

 

US Retailers' Glimmers Of Hope This Holiday 

 
By Andria Cheng 
 

NEW YORK (Dow Jones)--Even though the economy is still on consumers' minds heading into the industry's crucial holiday selling period, there are some signs that shoppers may be more willing to loosen their purse strings.
While about 61.7% of shoppers said the economy will affect their spending decision this holiday season, that percentage declined from 65.3% last year, according to a survey of about 9,000 consumers from trade group National Retail Federation conducted by BIGresearch.

The percentage of shoppers who ranked sales or price discounts as the most important factor in their purchasing decision also declined to 41.8% from 43.3%, the survey showed.

On the other hand, the percentage of those who considered customer service the more important factor rose to 5.3% from 4.4%. Merchandise quality also increased in its importance for 12.7% of shoppers, up from 11.8%.

In another signal that shoppers are feeling more at ease about spending beyond essential and other practical gifts, the percentage of people who said they'd like to receive jewelry as gifts rose for the first time since 2008 to 23% from 20.8%.
People also are more willing to self-indulge, with the percentage of shoppers planning to use holiday sales to purchase for themselves rising to 57.1% from 52.9% last year, the survey results showed.

Source: The Wall Street Journal
Tech Tips
 

Tech Tips
Is there a way to force CounterPoint SQL to log into a specific company?

The "Select a Company" login dialog window only appears when a workstation is registered for multiple companies.

The command line switch "/alias" can be added to the icon's command line to specify a company.

Edit the icon used to start CounterPoint and modify the target (command) line.

Add "/alias" (without the "") aliasname to the end of the command line, where aliasname is the Alias defined in Companies.ini, located in the top-level CounterPoint SQL directory.
Ways to Improve Your Company's Customer Service
 
Start by determining what isn't working and put a system in place to fix it. Then monitor what customers are saying and communicate with them, Alice Bredin advises

By Karen E. Klein

Here's another reason businesses should improve their customer service: Customers are willing to spend more with companies that do. That commonsense nugget is also supported by recent surveys by American Express of 12,000 consumers around the globe. More than 60 percent of U.S.respondents ranked great customer service as important, but only one-third believe they're getting it. Alice Bredin, author and small business adviser to AmericanExpress OPEN (AXP), says that small companies are missing out on the opportunity to deliver service that could differentiate them from larger competitors. She spoke recently to Smart Answers columnist Karen E. Klein. Edited excerpts of their conversation follow.

Karen E. Klein: Your survey says that Americans want great customer service but aren't getting it.

Alice Bredin: A majority of Americans feel companies either haven't changed their attitude toward customer service or are paying even less attention. Just 37 percent believe companies have increased their focus on providing quality service in the current economy.
Why the disparity?

Business owners, despite their best intentions, don't always know what it is that will most satisfy their customers. They might think it's price, when really it's personalized service, like customers being able to quickly find what they need in the store, or getting follow-ups and reminders.

I think a second reason is that business owners haven't put in place the systems and processes to ensure that they can provide ongoing service easily. Business owners in these challenging economic times are working more hours and having to lay people off. They're not as focused on things like service.

Continue Reading: Click Here 

Source: Bloomberg Businessweek

 
Meet Our Staff 

Kelly Walton
Kelly Walton

 

Kelly Walton has been a trainer with Advanced Retail for over four years now.  She primarily trains Retail Pro Version 8 clients, but is also certified in Microsoft RMS and Retail Pro Version 9.  Needless to say, we keep her busy!

 

Kelly came to ARMS from a 30 year career in luxury retail.  She has done it all.  Her resume lists everything from Store Manager, District Manager to Director of Stores to Director of Training. Kelly says that opening new stores and training the staff is her greatest pleasure.  Her work history deals mostly with "luxury items."  Kelly has worked for Louis Vuitton, Royal Silk and Baccarat.  Retail is even the family business. Kelly and husband Chuck own a Great Frame Up franchise here in Denver.

 

When not working, Kelly pursues her hobbies; every one at ARMS really enjoys the results. Kelly is a fantastic cook and regularly shares the goodies with the staff.  This with her gardening keeps her busy at home.  She also finds time to teach a few exercise classes for fun.  When asked about the future, Kelly jokes that when she grows up she wants to host her own cable show.

 

Follow Advanced Retail Management Systems on Facebook
 
 
facebookKeep up with latest happenings in Retail and your particular POS\Inventory Control software by becoming a fan of Advanced Retail Management Systems (ARMS) on Facebook!   Video Clips from the ARMS staff with Tech Tips and other helpful information coming soon!
 

By being a fan of ARMS, you will receive information about your software including special "web only" tips & tricks that won't be given elsewhere. You'll be among the first to learn about new release and features, training opportunities, and links to interesting information on the web. Connect with the ARMS staff and our customers!

To become a fan of ARMS on Facebook, click here
 
 
Refer a Retailer

 Tell another retail store that is looking for a Point of Sale system about Advanced Retail Management Systems.  When you refer a retailer to us that participates in a 1 hour web presentation for Retail Pro, CounterPoint or Microsoft RMS, we will send you $100 - it's that simple!
 
Register your referral today.  Call Susie Carmen today at (303) 738-1800 Ext 357 or E-mail her at
susie.carmen@armsys.com
 

 


 

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