{"id":5928,"date":"2019-09-26T08:17:58","date_gmt":"2019-09-26T08:17:58","guid":{"rendered":"https:\/\/www.tellermate.com\/us\/?p=5928"},"modified":"2020-02-17T16:44:36","modified_gmt":"2020-02-17T16:44:36","slug":"are-you-prepared-for-the-retail-rush","status":"publish","type":"post","link":"https:\/\/www.tellermate.com\/us\/news-and-resources\/are-you-prepared-for-the-retail-rush\/","title":{"rendered":"Are You Prepared for the Retail Rush?"},"content":{"rendered":"<p>With Black Friday and Christmas approaching fast, retailers will face their busiest time of the year, and that means the start of the big recruitment drive for seasonal workers.<br \/>\nBut how do you manage overtime through peak periods?<img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-5935 size-medium\" src=\"https:\/\/www.tellermate.com\/us\/wp-content\/uploads\/sites\/8\/2019\/09\/retailrush300x138-300x152.png\" alt=\"\" width=\"300\" height=\"152\" srcset=\"https:\/\/www.tellermate.com\/us\/wp-content\/uploads\/sites\/8\/2019\/09\/retailrush300x138-300x152.png 300w, https:\/\/www.tellermate.com\/us\/wp-content\/uploads\/sites\/8\/2019\/09\/retailrush300x138.png 302w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>From now on until Christmas business are under pressure to get their infrastructure in place to cater for increased consumer spending, while margins are under pressure due to increasing costs. Retailers will need to adjust shift patterns to cover for late night shopping hours, alongside redecorating and merchandising for Halloween, Black Friday and Christmas. On top of these tasks seasonal workers need to be trained, before the seasonal retail hits its peak. This often means overtime hours increase as some activities can\u2019t be completed within the normal workday.<\/p>\n<p>One of the biggest time savings can be found in optimizing your cash management process. We have worked with a number of retailers and prior to implementing a more automated process, cash management takes between 15-25 hours per week. This time involves setting up cash drawer amounts, reconciling between shift changes, end of day closeout and audits. In real terms this means that each unoptimized retail <strong>location<\/strong> in the US <strong>spends<\/strong> around <strong>$15000<\/strong> per year on labor, <strong>just to count their cash<\/strong>.<\/p>\n<p>Tellermate helps companies worldwide put the right process in place and helps save businesses millions of dollars in unnecessary overtime. Here\u2019s an <a href=\"https:\/\/www.tellermate.com\/us\/case-studies\/mediamarktsaturn\/\">example<\/a> of how we helped Media Saturn, a German electronics retailer, with our LiveDrawer solution.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-5929 size-full\" src=\"https:\/\/www.tellermate.com\/us\/wp-content\/uploads\/sites\/8\/2019\/09\/Blog-Tellermate-Media-Saturn-Stats-UK.png\" alt=\"\" width=\"1048\" height=\"217\" srcset=\"https:\/\/www.tellermate.com\/us\/wp-content\/uploads\/sites\/8\/2019\/09\/Blog-Tellermate-Media-Saturn-Stats-UK.png 1048w, https:\/\/www.tellermate.com\/us\/wp-content\/uploads\/sites\/8\/2019\/09\/Blog-Tellermate-Media-Saturn-Stats-UK-300x62.png 300w, https:\/\/www.tellermate.com\/us\/wp-content\/uploads\/sites\/8\/2019\/09\/Blog-Tellermate-Media-Saturn-Stats-UK-768x159.png 768w, https:\/\/www.tellermate.com\/us\/wp-content\/uploads\/sites\/8\/2019\/09\/Blog-Tellermate-Media-Saturn-Stats-UK-1024x212.png 1024w\" sizes=\"auto, (max-width: 1048px) 100vw, 1048px\" \/><\/p>\n<p>If you are interested and would like to find out more about our solutions, please <a href=\"https:\/\/www.tellermate.com\/us\/contact-us\/\">get in touch<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With Black Friday and Christmas approaching fast, retailers will face&#8230;<\/p>\n","protected":false},"author":18,"featured_media":5935,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[3,74,77,76],"tags":[43,10,11,14,13],"class_list":["post-5928","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-efficiency-improvement","category-intelligent-cash-drawers","category-retail-technology","tag-cash-counting","tag-cash-handling","tag-cash-management","tag-cash-management-technology","tag-loss-prevention"],"acf":[],"yoast_head":"<!-- This site is optimized 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