The POS Software Blog

The POS Software Blog

News from Tower Systems about locally made POS software for specialty local retailers.

TagAI retail tools

The Lincraft story and what small business retailers can learn

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The Lincraft closure made news last week. Eighty years, every store, gone. It’s the kind of story that sits with you if you’ve been in retail long enough to remember when chains like that felt permanent.

We know it hit small business retailers because of conversations we have had since the news broke.

It’s not the whole retail story, though.

The independent retailer who had their best April in three years won’t make the news. Neither will the gift shop owner who spotted a new category gaining ground and moved on it before the season. These things are happening. We see them in the data.

The difference between retailers finding growth and those feeling stuck usually isn’t location or foot traffic or product range. It’s whether they’re looking at their data. Good data, understood and acted on, is the foundation underneath every independent retail success story we see.

Your POS data knows things you don’t. It knows which supplier is quietly underperforming while a newer one gains ground. Which category is lifting your average sale value. Which days your margin is strongest. What your best customers are buying that your average customers aren’t.

The Tower AI tools are built to surface exactly that — the things not sitting in front of you. Not the obvious wins you already know about. The patterns buried in twelve months of transaction data that you won’t catch on a busy Tuesday. A product that’s been growing 15% month on month and still hasn’t made your reorder list. A margin opportunity in a category you’ve been pricing conservatively out of habit rather than intention.

A chain waits for a report from head office. You can act on your data this week, before the next order goes in. That gap is real and it matters.

The pressures Lincraft cited are real too. Changing consumer behaviour, rising costs, overseas competition — none of that is going away. But the response isn’t to carry the weight of the industry headlines. It’s to look inside your own business and find what’s working.

Green shoots don’t announce themselves. They show up as a slow climb in basket size, a category quietly outperforming its shelf space, a customer type coming back more often than they used to. Your data has already found them.

If you haven’t spent time in the Tower reporting and AI insights tools recently, start there. Not with a big strategic review. Just one question: what’s growing in my business right now that I haven’t noticed yet?

The answer is probably already there.

Hey retailers: Why paying for a stocktake is usually a mistake

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Most external stocktaking services work manually. Clipboards, hand counts, a spreadsheet sent through when they’re done. It looks thorough. It costs real money. For most independent retailers it’s the wrong tool for the job.

Your stocktake is about the operational future of your business, not merely some accounting function.

A manual stocktake is an accounting exercise for sure. It produces a stock valuation at a point in time — useful for your accountant, useless for your POS system. Your on-hand quantities stay wrong. Your reorder triggers stay unreliable. Your buying stays based on gut feel rather than what the data actually shows.

Stocktaking is an inventory management job. It belongs inside your POS software. When you count through the system, you correct the discrepancies that build up through normal trading — unscanned returns, receiving errors, theft, the odd mistake at the register. The software gets an accurate picture of what you have. That flows through to purchasing, ranging, shrinkage tracking, and the AI tools built into modern retail software.

That last point matters more than it used to. The smarter features in retail POS — demand forecasting, slow-mover flags, reorder suggestions, margin analysis — all depend on the data behind them. Accurate stock figures produce useful outputs. Wrong figures produce noise. A POS-based stocktake is one of the most direct ways to improve everything your software does.

External stocktakers aren’t always the wrong answer. If they’ll work inside your POS rather than around it, that can work fine. Ask before you book: will this improve my POS inventory data, or just give my accountant a number?

If it’s the latter, spend the money elsewhere. Train a staff member. Block out a Saturday. Count through the system you use every day. It takes more effort upfront and pays back every time your software makes a better call because it knows what’s actually on the shelf.

Get the stocktake right in your POS software and you set your business up for good decision-making and valuable portability because of this. That’s what we see in our years of service local small retail businesses.

Take your time. Do the work. reap the rewards.

Learning from a stocktake Q&A

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Here’s a video of a stocktake Q&A with a retailer earlier this week. It’s live on our YouTube channel:

A stocktake is one of the most useful things a retailer can do. It’s also one of the most put off. This session is about both — why accurate stock data matters and how to get it done.

We recorded this on June 16, 2026, as part of the Tower Systems library of practical support for independent retailers. We cover spot stocktakes and full store stocktakes, walk through security, talk about taking a backup before you start, and draw on experience from doing stocktakes in shops we’ve owned and run ourselves. We also answer questions from a retailer thinking through what they want to achieve in their own store.

This advice works for any small business retailer, not only those using Tower Systems software. The recording is part of a broad suite of stocktake advice and tools we provide to local small business retailers, to help them get this done accurately and efficiently. The education we offer is foundational.

Accurate stock on hand data changes what you can see in your business. You find the dead stock sitting in a back room that the system still thinks is sellable. You spot the gap between what your records show and what’s physically on the shelf. You get category performance data you can actually trust. From there, your reports mean more, year-on-year comparisons hold up, and if you’re feeding stock data into AI tools, the outputs are useful rather than misleading.

Tower Systems customers can access this session through the knowledge base, the chatbot, the training video library, or directly through the help desk. Stocktaking comes up constantly in support conversations, which is why we’ve built a substantial amount of material around it. Retailers who understand stocktake well get more out of everything else the software does.

Tower Systems builds and supports POS software for local specialty retailers — newsagents, gift shops, garden centres, jewellers, bike shops, bookshops, toy shops, pet shops, produce businesses, farm supply stores, fishing shops, haberdashery, antique shops, charity retailers, and more.

Find out more at towersystems.com.au.

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