Efficient inventory management is the backbone of any successful retail business. Whether you run a small store or a large ...

With an inventory accounting method, such as last-in, first-out (LIFO), you can do just that. Below, we’ll dive deeper into LIFO method to help you decide if it makes sense for your small business.

Retail organizations collect lots of data ... have seen faster and more efficient returns than traditional inventory counting methods. Additionally, AI systems can help detect and prevent ...

A full methodology for how Retail Dive tracks retail sales figures is included at the bottom of this page. Every month, the U.S. Department of Commerce's Census Bureau releases its first ...