Introduction

The new rules in Major League Baseball aimed at shortening average game times can have several impacts on merchandising and concession sales at stadiums:  MLB revealed the pitch clocks have shaved an average of 26 minutes a game to 2 hours and 36 minutes. The following are some of the ways that game day sales have been impacted.

Reduced sales volume: With shorter game times, fans will spend less time in the stadium, which could lead to fewer opportunities for them to purchase merchandise and concessions. This may result in a decrease in overall sales volume.

Shift in spending patterns: As fans adapt to the new game duration, they may alter their spending habits. For example, they might make quicker purchases before the game or during breaks, rather than casually browsing and buying items throughout the game. This could lead to increased sales in specific periods, such as pre-game or between innings.

Focus on efficiency: With a shift in buying habits, stadium operators can increase the efficiency of their merchandising and concession operations with sports and entertainment POS systems. This could include streamlining product offerings or offering item of the day promotions, optimizing staffing, and adopting technology to speed up transactions. 

Changes in pricing: Stadiums may adjust their pricing strategies to compensate for the potential decrease in sales volume. This could involve offering discounts or promotions to encourage fans to spend more in a shorter time frame, or even increasing prices to maintain revenue levels.

Increased emphasis on fan experience: To keep fans engaged and spending during shorter games, stadiums may invest more in enhancing the overall fan experience with premium suites in seating. This could include offering unique or limited-edition merchandise, creating innovative food and beverage options, or providing interactive experiences that encourage fans to visit concession stands and merchandise outlets.

Off-stadium sales: Teams and stadiums might also increase their focus on online and off-stadium sales channels to offset potential losses from decreased in-stadium sales. This could involve improving their online stores, offering exclusive online deals, or partnering with local retailers for co-branded merchandise.

Ultimately, the impact of the new rules on merchandising and concession sales at a stadium will depend on how well teams and stadium operators adapt to the changes and implement strategies to maintain or increase sales in the new environment. Improving the fan experience with improved checkout efficiency, allowing fans to return to their seats will be paramount.

 

Tech for Faster Stadium Sales

To speed up transaction times in merchandising at stadiums and improve the overall fan experience, there are several technologies that can be adopted:

RFID technology: Integrating RFID tags into merchandise and using RFID scanners at the point of sale can expedite the checkout process by instantly updating inventory and allowing for quicker transactions.

Mobile ordering apps: Fans can use their smartphones to pre-order and pay for merchandise, allowing them to skip lines and simply pick up their items at designated locations or have them delivered to their seats.

Self-service kiosks: Equipped with touchscreens and payment processing systems, these kiosks enable fans to quickly place orders and pay for merchandise without waiting in line at traditional counters.

Automated inventory management: Smart inventory systems can help ensure merchandise is always in stock and readily available, reducing wait times for items to be retrieved from storage.

In-seat merchandise: Installing small vending machines or merchandise storage lockers near seating areas can allow fans to quickly purchase items without leaving their seats.

Digital wallets: By creating a digital wallet or a stadium-specific currency, fans can preload money onto their accounts for faster transactions at merchandise stands.

Queue management: Implementing queue management systems, like virtual queuing or line-monitoring apps, can help distribute customers evenly among available service points and reduce wait times. Giving fas access to approximate wait times at different stands can also help them plan their purchasing trips

Augmented reality (AR) shopping: AR can allow fans to virtually try on merchandise and make purchases from their seats, eliminating the need to visit a physical store or stand.

By adopting these technologies, stadiums can create a more efficient merchandising experience for fans, allowing them to spend less time waiting in line and more time enjoying the event.

 

Item of the Day

Determining the Item of the day sales can be complicated, ideally they should create an urgency for fans to buy a specific item without cannibalizing existing sales, you can follow a systematic approach that leverages data and considers various factors. Here’s an algorithm to help you identify the “Item of the Day” for each game:

Collect data: Gather historical sales data for all items in your inventory. Ideally, you should have data for the past few seasons to better understand sales trends and customer preferences. Also, take note of any special events or promotions that might have influenced sales.

Determine item popularity: Calculate the average sales per game for each item. Rank them according to their popularity. This will help you identify the items that are selling well and those that need a boost.

Identify slow-moving items: From the ranked list, identify items that have a low sales volume per game and could benefit from being the “Item of the Day.”

Factor in seasonality and trends: Consider the time of the year, special events, or other trends that might affect item popularity. For example, if your team has a rivalry game coming up, you might want to promote items related to that rivalry.

Create a non-repeating schedule: Once you have identified a pool of items that can be featured as the “Item of the Day,” create a schedule for the 81 home games that ensures no item is repeated.

Set a discount strategy: Determine the discount percentage or pricing strategy for each “Item of the Day.” You might want to offer a higher discount for slow-moving items or lower discounts for more popular items to avoid cannibalizing sales.

Monitor and adjust: Track the sales performance of the “Item of the Day” and compare it with historical sales data. If you notice any negative impact on overall sales, adjust your strategy accordingly.

Quickbooks Desktop Alternatives: Why Choose ZeroPOS over QuickBooks Desktop POS?

Quickbooks desktop alternatives are more essential as businesses evolve. While QuickBooks Desktop has long been a trusted tool for accounting, many companies now seek flexible, cloud-based solutions that provide greater accessibility and collaboration options. With the growing trend towards remote work, cloud accounting software enables teams to access financial data securely from anywhere, eliminating the need for local installations and maintenance. Additionally, some businesses find that QuickBooks Desktop lacks industry-specific features or scalability options as they grow, leading them to explore other platforms that offer specialized functionalities.

Alternative accounting software can also provide a more budget-friendly option for small businesses or freelancers who need streamlined features without the higher costs. Consequently, there’s a strong demand for QuickBooks Desktop alternatives that offer robust, scalable, and mobile-friendly accounting solutions to meet today’s dynamic business needs.

retailcloud’s ZeroPOS is an all in one point of sale software that has been designed with today’s retailers in mind. Conduct and manage all aspects of your business with the one, easy to use system. retailcloud gives you less to worry about and more time to spend growing your business.

Key Features of ZeroPOS: 

-Processor-agnostic Solution with Dual Pricing Capability

-Multiple Support Channels i.e. Phone, Chat and Email

-Intuitive Cashier Experience

-Multiple Tender Options and Tap Pay

-Robust Inventory Management

-Powerful CRM with In-house Loyalty and Gift Cards

-Dynamic Employee Management

-Muli-location Capabilities

-Insightful Reporting

-Mobile App and Clienteling Toolkit

-Cloud-based Back Office with Real-time Updates

How does ZeroPOS’s QuickBooks Integration Work?

ZeroPOS, a cloud based pos system, is a full suite of management tools that streamlines payment processing, inventory management, and other business operations. Integration to QuickBooks Online allows you to manage your finances with ease.

Gain Sales Reporting

ZeroPOS pushes all data to QuickBooks Online as transactions are processed throughout the day. This allows you to view sales activity in QuickBooks and effectively gauge your business’ performance based on accurate financial reconciliation.

Simplify Inventory Management

With ZeroPOS you have a full suite of inventory management in one system. From purchase orders, to receiving, selling and adjusting, you can track where your inventory is at all times. Integrated with QuickBooks Online, you can make more informed decisions with your inventory management and increase profits.

Accurately Track Income and Expenses

Tracking your profits and losses, as well as your invoices and house accounts has never been easier with ZeroPOS and QuickBooks. Streamline your accounting activities and record-keeping!

Embrace the Ideal POS Solution with retailcloud

retailcloud’s integration with QuickBooks Online makes it the ideal cloud POS solution for those who have worked with QuickBooks Desktop POS. As QuickBooks moves to discontinue their POS, retailcloud is proud to offer a turnkey solution that allows merchants to gain sales reporting, simplify inventory management, and accurately track income and expenses: allowing them to take advantage of the accounting and financial management tools in QuickBooks Online. 

Omnichannel and multi-channel are two distinct approaches to marketing and customer engagement, each focusing on connecting with customers through multiple platforms. The primary difference lies in their level of integration and the customer experience they aim to deliver.

What is omnichannel?

Adopting an omni-channel approach in your marketing, sales, and service strategies has plenty of benefits. It helps you build a unified customer experience and streamline data collection, which makes it easier to generate high-quality leads, close deals faster, and deliver the best possible customer service.

The term multi-channel refers to several different channels working independently from one another. For example, a company may use email to send out newsletters while simultaneously running an AdWords campaign and posting on social media. The success of each channel is measured separately as well. Multi-channel also means that customers may have an experience with multiple channels at once.

Omni-channel refers to all channels working together in harmony to provide a seamless customer experience. The goal for companies using omni-channel is to deliver a consistent message across all channels.

Omni-channel vs. Multi-Channel

The terms omni-channel and multi-channel are often used interchangeably, but there is a big difference between the two. Multi channel marketing refers to using multiple channels or platforms. You may be using email marketing to nurture leads, social media ads to drive traffic to your site, and a chatbot on your website to answer questions and provide support services. These are all different channels that you are using, but there is no integration between them. They operate independently of each other.

Omni-channel is the strategy of using multiple channels to deliver a consistent brand experience to customers. Multi-channel, on the other hand, is a way to describe the interconnectedness of customer interactions with brands across different touchpoints. These touchpoints include mobile marketing, engaging social media campaigns, and a well-designed website. All omni-channel experiences will use these channels, but not all multi-channel experiences are considered omni-channel. 

There are a ton of benefits to using omni-channel and multi-channel:

Cater to more customers

This is a customer-centric approach that’s focused on the experience. It means you’re not just creating a strategy for a single channel, but instead, one that will work across multiple channels. This means you need to be present wherever your customer is present. Your customers can be at home on the couch, at work in the break room, or out and about at a local store. As they move from one place to another, they can still find you there, too.

Increase your profits

The retail experience is about to undergo a major shift as consumers are going to be able to shop anywhere, anytime. Consumers want a unified shopping experience when they’re ready to make a purchase, and will expect their favorite brands to offer a consistent shopping experience across multiple platforms and channels. By offering a seamless service across multiple channels you’ll be able to attract more customers, but also build a stronger relationship with them, making it easier for them to buy from you again and again.

Improve customer experience

Omnichannel ecommerce is about creating a seamless and consistent experience for the customer across all channels, both digital and physical. The key to a successful omnichannel strategy is consistency in delivering the same personalized experience to customers across all touchpoints and channels.

Multi-channel is about offering your customers options when it comes to how they want to interact with your brand. Enabling customers to contact you through multiple channels such as the phone, email, or social media, or allowing them to purchase products through your website, mobile app or in-store. Multi-channel allows customers to get in touch with you on their own terms.

With the rise of ecommerce and new channels, an Omnichannel POS Solutions has become imperative for retailers. It’s a system that allows direct sellers to provide customers with an integrated shopping experience that crosses multiple physical and digital channels. This is the future of retail customer experience.
Don’t know where to start? Contact our team info@retailcloud.com to get your own omnichannel solution.

Getting your business ready for the upcoming holiday sales seems like the most daunting task for the majority of retail merchants. The lack of agile business management systems makes it impossible for them to make the required changes without affecting the whole business operation. No one can predict the sales analytics for 2021 for the Black Friday and Cyber Monday deals.

Get your Business Ready for Biggest Sale Events 2021

Since we are still in the midst of the COVID-19 pandemic, most of this year’s holiday sales will come from online purchases. A great way to ensure smooth transactions is by streamlining your online ordering process. There are many tools available out there that can successfully help retailers do so with Apps like OrderUp, an easy to implement fulfillment solution app plugged into retailcloud’s commerce ecosystem.

The integration of this smart tool ensures that your system is capable of handling curbside or in-store pickup. This approach can help your business to ensure smooth flow of orders and deliveries on the upcoming holiday sale events like Black Friday and Cyber Monday 2021.

Apart from this business approach, here are a few major things that every business should consider in preparing for Black Friday and Cyber Monday 2021:

1. Start Early

Start early so that you have more time to test everything such as how you will handle fulfilling a larger volume of customers and orders. Having enough time to study the market and prepare for the increase in sales you will be getting from will help you to ease the shopping experience for your customers.

2. Integrate Online Sales

Integrating online sales towards the Black Friday and Cyber Monday success of your business. Online sales can help you  reach more customers and increase your profits so this is a very important step.

3. Build loyalty

Create loyal customers through customized rewards programs, with up to three tiers of rewards, and targeted promotions based on customer purchase history.

4. Give discounts for loyal customers

Give special pricing & discounts exclusively to loyal customers. Customers love discounts and having club pricing makes them feel special and motivates them to shop more with your store.

5. Update your website

Update your website with high-resolution images. Ignoring the visuals of your online store is the biggest mistake here. If you are offering sales and discounts then let the customers know about it and make sure they are visible right when they get to your website. There is no better way to advertise your deals than having a dedicated banner on the home page!

6. Work with Best POS Solution Providers

To stay ahead in this technology-driven world, it is important to work with the best agencies. If you are looking for an agency that can help your business get ahead in this hi-tech world, check out eCommerce solutions for retailers where you can harness the true power of the digital world for your business.

7. Improve your Online Presence

There are different other ways to improve the online game of your business. From social media marketing to the right integration of powerful tools, there are many business aspects where your retail merchants need to focus on to tackle the high demand of the products on the sale events.

Conclusion

Black Friday and Cyber Monday can be exceptionally good events for your business if you know how to manage things properly. Consumer spending rates are at the peak at these events so retail merchants need to equip their businesses with the right tools and solutions and retailcloud products can help you to make it happen.

1. Wait ! Are you really not online yet

In the post pandemic world, it’s rare to have a business model that does not include online sales. Here are some easy steps to get your restaurant taking online orders, fast!

With other restaurants in your area taking online orders, allowing their customers to easily browse their menus and place their orders, now is the time to add this sales avenue. Most online ordering solutions provide customers with a history of their orders, as well as allow them to place orders using facebook or instagram stores. The following are important areas to think about to ensure that your online store runs efficiently for you, your staff, and customers.

2. Keep your menu simple & expressive

Complex online menus can be confusing and frustrating for customers to navigate, especially those with complex modifier and sub modifier options.  A limited selection of items, a couple of 3 course meal choices and a family pack that represent your top selling items is a great approach. 

Pictures, pictures and pictures; look at pictures that your customers have posted on Yelp or Instagram and use them (with appropriate permission, if needed) – pictures are a great way to give your customer an idea of what to expect.

Include relevant details regarding ingredients, allergies and any other information that will help customers make informed decisions.

3. Set expectations

Make sure your online system allows you to manage your pick up times, delivery areas, delivery and service fees. With different types of products and customers from different places there is no one size fit for all orders. Getting these details right is important to setting reasonable expectations for customers and making it manageable for you.

Here are a few recommendations:

a)    Providing various fulfillment options is one of the most important steps. While eCommerce and Online ordering have traditionally operated on shipping only, that has all changed in 2020. Most effective options may be Curbside Pickup, Instore Pickup or even have your own crew do the local delivery. This adds options that work well in today’s environment. 

b)    Defining various shipping rules are very important, as well. It is a known fact that customers prefer to have free shipping options. While it may not be cost effective to provide free shipping for every single order, custom shipping rules come in handy in those situations. Free Shipping based on a certain threshold, Custom Shipping Rules based on Weight and specific products are very commonly used to balance business and customer satisfaction.  Local businesses should be able to set up a nominal fee for local delivery based on delivery zones and rules.  

c)    When an order is placed it is important to keep the customer appraised of the progress. When a customer shops in store they already have the products in hand and customers are anxious to get what they bought as soon as possible. Disclosing delivery windows and lead fulfillment times can help to set these expectations realistically. Email Alerts or notification also improve the communication regarding the order.  

4. Engage your customer

Many email marketing solutions have social media engagement tools including those that allow your customers and potential customers to get to know you across all channels.  Have cross promotions between your website and your social channels, tied in with a targeted ad campaign to always stay in front of your customers. They love your brand, they want to support you during the downturn – give them opportunities to do that by purchasing from you.

5. Open a gift shop

Convert your restaurant space into a gift shop – sell wines from your wine list at a discounted price – package food in serving dishes like Staub, for an upscale heat and serve option – maybe a take out meal combined with fun reusable products like those from Aplat.  Offer meal subscription plans so your customers never have to worry about what to cook up for Wednesday night dinner, they just swing by and pick it up every week. Other interesting products like Repour or glasses for wine drinkers, or kitchen tools from GIR for the in home chef. Fun ways to add revenue and add excitement for your customers.

6. Streamline Order Processing

With orders coming in online, via the phone and walkin orders, it is important to streamline the business. From the time you accept the order, keep track of inventory all the way to fulfillment and delivery are key steps in streamlining order processing. Having the proper tools at each stage is important. 

a)    A system which can track the inventory from the time an order is placed or processed is important. Most small and medium size businesses use one of their locations with a shared inventory pool for the fulfillment. 

b)    Solutions such as Orderup app allow you to manage the fulfillment lifecycle, to see all your orders, notify customers of the status and process even without investing in a Point of Sale or using a browser. Orderup can print delivery receipts and even send notifications to customers as you manage your order.  

c)     When you offer curbside delivery options, tools should be automated to support the option of payment at pickup. Orderup offers payment acceptance using handheld devices with contactless checkout and print or email receipt 

d)    Last, but not least, look at automating using available tools to ensure that orders are processed smoothly and efficiently. Whether it is automatically printing your picklist of orders on your kitchen printer or automatically creating shipping labels and using shipstation, it is important to understand where efficiencies can be improved and automate wherever possible.   

Steps taken now, will help your restaurant success during these challenging times and prosper in the future, as customers will demand these new approaches to ordering and restaurant services beyond the near term situation. Embrace the changes in customer expectations to improve and success for years to come.

Checkout retailcloud’s Online Ordering System for Restaurants – Click Here!

Checkout retailcloud’s Fulfillment Solution app – Click Here!

Checkout retailcloud’s eCommerce Solution – Click Here!