article thumbnail

Bottom Line Shrinking? Five Ways Retailers Can Optimize Labor to Minimize Costs

Hot Schedules

Five Ways Retailers Can Optimize Labor to Minimize Costs. T he return of in-person shopping has happened at varying rates depending on local lockdown restrictions, but the universal truth for most retail stores has been the massive shift to ecommerce —an estimated jump of $183 billion — cutting into brick and mortar profits.

Retail 148
article thumbnail

Rethinking Pay Norms: How Retailers Can Attract Exceptional Talent

Hot Schedules

Rethinking Pay Norms: How Retailers Can Attract Exceptional Talent. Many industries have been able to increase hourly wages by passing on extra costs to consumers, but retail has historically been an exception. Turnover across the retail industry is at 4.4 So, what’s driving workers away from the retail industry?

Retail 78
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Consumers Welcome Some Restaurant Automation, Reject Others

Modern Restaurant Management

Among the report highlights: Most consumers (67 percent) say human-centered customer service at restaurants is very important, compared to only 31 percent saying the same of retail and grocery stores. Prices for real estate, inventory, and labor are rising. What should restaurant operators take away from these results?

article thumbnail

Keeping Your Hotel Operations Agile Through Data-Driven Analytics

Hot Schedules

With near real-time updates into inventory, POS data, and guest sentiment, operators are equipped to make necessary decisions in the moment, rather than having to wait for monthly reports to arrive weeks after the fact. Find out how retail scheduling software can help streamline your communications and business operations!

Hotels 148
article thumbnail

Four Tactics Restaurant Managers Can Implement Now to Improve Employee Engagement

Modern Restaurant Management

McKinsey research analysts claim that the retail and hospitality employment sector – a segment that includes restaurant employees – is up against “a more serious retention challenge” than any other employment sector, with employee exit rates outpacing all other sectors by more than 70 percent.

article thumbnail

Retail + Foodservice – The New Formula | Restaurant H.E.L.P. Podcast

Foodable

Listen to "Retail + Foodservice – The New Formula | Restaurant H.E.L.P. In this episode, Matthew Luaders, chef and director of culinary research and Renee Howarth, associate research and development chef, both from CSSI Marketing + Culinary , provide their insights on the new formula for the restaurant model–combining retail plus foodservice.

Retail 52
article thumbnail

How a Digital Workplace Supports Restaurants Through Disruption

Modern Restaurant Management

Giving workers mobile communication tools increases retention in several ways: Empowers workers by giving them access to real-time communication to help them perform their jobs better. ” Digital Communication Can Increase Customer Loyalty. ” Digital Communication Can Increase Customer Loyalty.