thatch Blogs

Retail businesses face many challenges, including competition from online retailers, changing consumer behavior, and economic uncertainty. However, there are many strategies that retail business owners can employ to grow their businesses and succeed in today's marketplace. Let’s explore some key ways to grow your retail business.

As a business owner, you know that keeping track of your financials is essential to ensuring the success of your business. One of the most important financial documents you need to master is your Profit and Loss (P&L) statement.

As a retailer, one of the biggest challenges you face is ensuring that you have the right products in stock at the right time. This can be a complicated and time-consuming process, but one solution that has proven effective is vendor-managed inventory (VMI). VMI is a supply chain management technique that allows suppliers to monitor and manage inventory levels for their products in your store. But how does this impact your sales? Let's take a look at the data.

Tax season can be a daunting time for any business owner. With so many forms, deadlines, and regulations to keep track of, it's easy to feel overwhelmed. However, being prepared can make all the difference. In this blog, we'll cover some tips on how businesses can be ready for tax season

Staying up-to-date with the latest trends in your industry is essential to remain competitive and relevant. By keeping up with industry trends, you can identify new opportunities, stay ahead of the competition, and make informed decisions about your business. In this blog, we'll explore some effective strategies for staying up-to-date with industry trends.

It can be thrilling and lucrative to begin a retail business, but it's crucial to carefully evaluate a number of vital issues before doing so. Here are some ideas to think about as you launch your new retail venture because we want you to be successful:

It’s no secret that building strong relationships is important for success. But just how important is it? In this blog post, we will go in-depth on the value of establishing and keeping solid business relationships and offer data-driven perspectives on each topic.

AI is here. If you are not looking for ways to utilize AI in your business you might be left in the dust. AI can help automate repetitive tasks, analyze data, and provide valuable insights. There are so many ways small business owners can leverage AI technology to enhance their day-to-day tasks and streamline their operations. Here are some of our favorite simple examples that you could utilize at your business.

As we head into the second quarter of the year, small business owners are looking for ways to stay ahead of the competition and meet their Q2 goals. Spring is a great time to refresh your marketing strategies and connect with your customers in new and exciting ways. Let’s dive into a few of the top spring marketing strategies that small business owners can use to reach their Q2 goals.

As competition intensifies in the retail landscape, businesses need to find innovative ways to optimize their supply chain and minimize stockouts to maximize sales opportunities. Vendor Managed Inventory (VMI) has emerged as an effective solution for retailers seeking to improve inventory management and capture lost sales. This article will discuss the benefits of adopting VMI and explain how it can help retailers capture thousands of dollars in lost sales.

Data is a valuable resource that can aid businesses in making better decisions, but its effectiveness relies on its proper use. With vast amounts of data at their disposal, it can be challenging to know where to begin. This article discusses ways in which businesses can use data to make informed decisions and improve their overall performance.

Retailers and brands must work together more closely than ever before to create exceptional customer experiences. By forming strategic alliances, they can combine their strengths, insights, and resources to deliver a seamless, personalized experience that meets the evolving needs and preferences of their customers. Thatch is here to create that alliance and unleash shopping freedom!

As we step into summer, a season associated with heightened consumer activity, it's crucial for retailers to capitalize on this opportunity for sales growth. Let's explore some innovative strategies to elevate your summer sales and create a memorable shopping experience for your customers.

Let's talk about Vendor-Managed Inventory (VMI). If you're part of a brand eager to expand, this might just be the game-changer you've been looking for.

Don't pay for inventory until it's sold. Does that sound too good to be true?

In today's fast-paced retail world, keeping shelves stocked is essential for success. Unfortunately, many retailers struggle with inventory management and, as a result, miss out on valuable sales opportunities. In this blog, we'll explore the issue of low inventory and how it affects retailers.

In today's highly competitive retail landscape, it's crucial for businesses to differentiate themselves by offering exceptional in-store experiences. Creating a memorable shopping environment not only fosters customer engagement but also drives sales and strengthens brand loyalty. In this blog post, we will explore innovative strategies retailers can implement to enhance the in-store experience and ultimately boost customer satisfaction and sales.

Vendor managed inventory (VMI) is a supply chain management strategy that involves transferring the responsibility of managing inventory levels from the retailer to the supplier. In a VMI system, the supplier is responsible for monitoring inventory levels and reordering products when necessary, ensuring that the retailer always has the products they need in stock.