In 2024, the UK has seen a sharp increase in shoplifting cases, with reports indicating a 25% rise compared to the previous year. This surge has been felt across the board, from high street stores to local corner shops. In fact, recent studies estimate that UK retailers lost approximately £1.8 billion to shoplifting in 2023, […]
retail loss
The Importance of Stocktaking for Small Businesses
Stocktaking. You know you have to do it. You probably have an idea on how you’re going to tackle it. But do you really know WHY you’re doing it? Whether you’re running a cozy corner shop or a trendy online boutique, keeping a close eye on your inventory can make or break your business. Let’s […]
10 Common Stocktaking Mistakes and How to Avoid Them
You don’t need us to tell you that stocktaking is a vital part of managing any business, but let’s face it, it’s rarely as straightforward as it seems! Whether you’re on your first or 1000th stock count, it’s really easy to fall into a few traps that leave your data wanting. And inaccurate data is […]
How to avoid common stocktaking mistakes
Stocktaking might sound like one of those tasks that just needs to get done, like cleaning out the garage or doing your tax return. But just like those jobs, doing it right can save you a big headache later on. Whether you’re a seasoned pro or new to the game, avoiding common stocktaking mistakes can […]
How often should your business carry out a stocktake?
Keeping tabs on your inventory is a lot like trying to keep your home tidy—you need to keep on top of it to avoid chaos! Whether you’re running a cozy corner shop or a sprawling warehouse, regular stocktakes are essential. But how often should you actually roll up your sleeves and dive into the world […]