Category: Retail Budgeting

Get Everyone On Board With A Retail Budget That Works

A good retail budget is the blending of proposed goals and realistic expectations. It is based on facts, which could be discouraging. But good budgets for retailers include the setting of appropriate sales and...

The Essential First Step In Store Budgeting

The first step in any budgeting process is figuring out where the money has been going up to that point. In the past, a family starting to set up a budget might sit at...

retail budgetig

Control Store Budgeting With ChainDrive

News reports of major retailers closing stores can make anybody a little nervous. But those reports make retailers particularly aware of the need to be aware of all that is happening in their industry and...

analytics metrics

Keep Track Of Relevant Information With The Annotation Tool

It is a fact of life for retail managers: budgets involve a lot of backtracking and research. Sometimes, the data you pull up doesn’t make much sense. How do you analyze data that needs...

How Easy Is Your Budget To Explain?

Some people think like accountants. Other people think like CEOs. Then there are the creative types who think outside the box and an entire spectrum of thinker-types besides. When all these different styles of...

retail budgetig

How to Get a Handle On Your Store Budget

Store budgets can get out of control real quick if you don’t get a handle on it. But how do you do that? With product purchases flying out the door, customers rolling in and...

performance objectives

3 Primary Benefits to Using Key Performance Indicators

Key Performance Indicators (KPIs) in retail help businesses plan and budget for the future. You should have KPIs for each aspect of your operation, but it helps to understand the benefits to having KPIs...

retail budgetig

5 Key Aspects of Store Budgeting

Budgeting for your retail stores can get a little complicated if you aren’t using the right tools. of course, you have to also be tracking and monitoring the correct information. Here are 5 key...

retail budgetig

How To Set Effective Sales and Performance Goals

One of the most important tasks of retail management is setting effective goals for employees. Sales and performance goals are an essential part of store budgeting but they must be specific, reasonable, and measurable. Specific...

retail budgetig

3 Goals Store Budgeting Should Shoot For

Setting performance objectives is the whole idea behind store budgeting. The defining of goals allows the allocation of resources to be appropriate for each specific target. And what is the hoped-for result of an...