Recent Articles from Industry insights

Why is Technology Important In Coffee Shops? Coffee shops may traditionally have small margins, but one thing is certain: they also have huge demand. Estimated global coffee consumption exceeds 150 million 60 kg bags of beans per year. What’s more is, worldwide consumption is expected to grow...

Sydney Kida 4 Minute Read

There is extensive research on consumer buying patterns, and how certain pricing methods can influence people’s perception of value. A number of moving parts factor into how people evaluate prices, and much of that decision-making is subconscious. Many businesses utilize psychological pricing...

Kelly Hogan 5 Minute Read

Draft beer can be one of the most profitable drinks in a bar. With profit margins between 75 and 80 percent, you don’t want to sleep on this offering if your brand is in the business of booze.

Revel 5 Minute Read

Create A Restaurant Menu That Has a Prix Fixe Option The restaurant industry is notoriously competitive, with slim margins and more consumer choice than ever. To survive, restaurateurs must stay on their toes to develop fresh new ideas and dishes to entice diners to visit.

Kelly Hogan 8 Minute Read

Server tips can make up as much as 70% of a food server's income. That means a majority of their income is contingent on the dining experience and behavior of the customer.

Revel 4 Minute Read

When pulling reports from your business, there are a number of KPIs (key performance indicators) that can help you better understand your business, set benchmarks, and achieve your overall business goals. In this article, we take a look at one KPI in particular, average check size.

Revel 4 Minute Read

Slow moving inventory are defined as inventoried items that have had very little customer demand over a given time period. But what constitutes “little” customer demand? And how long of a time period justifies a slow-mover? These are questions you may be asking yourself when you’re conducting...

Revel 3 Minute Read

Marketers like to toss around the word ‘authenticity’ when describing brands. This new buzzword has played a major part in how companies are defining their missions and creating their processes when building a brand. Backed by a number of studies, this buzzword is here to stay and will only become...

Revel 4 Minute Read

If you’re in sales, you understand the importance of collecting and analyzing data. Without key performance indicators (KPIs) — such as monthly sales target, stock turnover rate, average customer spending, and cross-selling rate — retail businesses are making sales optimization much harder than it...

Revel 5 Minute Read

The leaves are starting to turn and football season is well underway which can only mean one thing: #PSL season is upon. PSL, an acronym for those in the know for Pumpkin Spice Latte has become synonymous with fall. If the one million (and counting!) Instagram posts tagged with #PSL haven’t...

Revel 2 Minute Read