Specialty Retail

Specialty retailers cater to a specific demographic – such as teenagers, expectant mothers, sports memorabilia enthusiasts, or parents of infants and toddlers – the list is extensive. Specialty retailers are typically found in a shopping mall or strip center and, because they cater to a specific demographic, their volume of business is much less than larger, general retail stores that cater to a more diverse population.

When executing cash deposits, specialty retailers often elect not to utilize the services of a cash-in-transit provider, as many of these organizations are geographically located near their bank branch. Hence, using a CIT service doesn’t make financial sense. Employees of these retailers – most likely the manager – typically walk their deposits to the bank at some point during their business day.

When it comes to managing cash, specialty retailers face similar, yet different, issues compared with a larger, general purpose retailer. While a general purpose retailer is primarily concerned with CIT service fees, cash float, and cash office overhead, specialty retailers who are utilizing traditional methods to manage their cash are faced with issues somewhat unique to their business model.

These include:

  • Employee Theft
  • Lack of cash deposit transaction accountability
  • Overexposure of cash in the till
  • Manual reconciliations against POS sales
  • Discrepancy investigations
  • Deposit Preparation
  • Inherent safety concerns with the daily walking of deposits to the bank

Tidel has addressed the cash management needs of specialty retailers, having placed numerous systems into these organizations. By leveraging Tidel systems, specialty retailers have benefitted by having a secure and automated way to manage their cash deposits and retain an audit trail for all transactions. By automating their cash transactions, specialty retailers have a proven way to manage their cash and free up store manager time to focus on more productive activities, such as employee training, customer service, and store merchandising.

Cash Management Solutions for Specialty Retail

Tidel’s IoT Integration in the Retail Industry

The Internet of Things has changed the retail world significantly by making it easy to track consumer behavior, operating costs, and revenue all in real-time. Internet of Things refers to the...
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Tidel Sentinel Family of Advanced Cash Management Devices

In the early 2000’s, Tidel introduced the next innovation in its historic product line – the Sentinel Family of cash management systems. The Sentinel introduced an advanced system that accepted...
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Three Reasons Why a Retailer May Need a Cash Dispensing System

In prior blog posts we have discussed the value a smart safe brings to a business. In this article, we’ll expand on this and discuss ways a proven cash dispensing system can positively impact an...
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How a Smart Safe Benefits Retail Store Customers

In a prior blog post, we discussed ways in which a smart safe benefits store employees. We addressed increased security, efficiency, and freedom to allow front line employees to perform what they...
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The Versatile Tidel Till Storage Vault

Retailers across the U.S. are constantly searching for ways to enhance daily business processes for their employees and customers, always looking to become more cost- and time-efficient. The...
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A Smarter Solution for Specialty Retailers

The U.S. Chamber of Commerce warns that 75% of employees steal from their employer, and the majority of that group does so, repeatedly. Specialty retailers, as a result, have to take precautions to...
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The Power of Daily Credit

Retail organizations that operate on aggressive margins are constantly monitoring a number of variables to remain competitive. Two such variables are store overhead and cash flow. In a previous blog...
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What a Smart Safe Means for Store Employees

Smart safes offer a retailer several features and advantages, many of which we’ve articulated in prior blog posts. But what hasn’t been addressed is how smart safes benefit store employees,...
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Smart Safes and the Specialty Retailer – Part 3

Good day and thank you for reading. This is Part three of a three-part series covering smart safes and the specialty retailer. As a quick recap, in the previous articles we classified specialty...
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Smart Safes and the Specialty Retailer – Part 2

Good day and thank you for reading. In a previous article, we discussed a few important benefits a smart safe can provide a specialty retailer, which we classified as organizations that handle lower...
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Smart Safes and the Specialty Retailer – Part 1

Smart Safes – They’re all about the ROI For many retail organizations that conduct a measurable amount of business in cash, deciding to deploy a smart safe in their environment simply comes down to...
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Tidel announces the Tidel Series 3

Carrollton, Texas – Tidel, a world leader in Cash Management Systems and Robbery Deterrent products, announces the Series 3, a new cash management system designed for organizations needing a secure,...
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Costs of Cash Management Across Different Retail Functions

Good day and thank you for reading. Our last article provided an overview of the ways retail organizations manage their cash business using traditional methods. We reviewed retail store policies...
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Cash Management Using Traditional Methods

Good day and thank you for reading.   Our last article provided an overview of cash management challenges in the retail sector, including increased risk and reduced efficiencies. In this article, we...
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Cash Management Challenges with Retailers

Good day and thank you for reading.   Our last article provided a general overview of cash management in the retail sector, including cash as a share of payment transactions, and various costs of...
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Retail Cash Management – Introduction

Good day and thank you for reading.   This paper is the first in a series of topics on cash management.  Throughout the series we will discuss several types of businesses that are affected by cash,...
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Case Studies

Throughout our history, we’ve helped hundreds of clients become more efficient, secure, and profitable in how they manage their cash.  Some of our clients have agreed to discuss their success with Tidel publicly.  Please click on any of the case studies to the right to read more about how these organizations have benefited from having Tidel systems in their business.

Below are a few Tidel systems that have been deployed in several specialty retailers. To learn more about how Tidel can help your organization, please contact us at 1-800-678-7577, or write to sales@tidel.com.

Series 3

Series 4

2025 W. Belt Line Rd. #114 | Carrollton, TX 75006 | 972.484.3358 | 800.678.7577
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2025 W. Belt Line Rd. #114 | Carrollton, TX 75006 | 972.484.3358 | 800.678.7577
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