Category: Retail Budgeting

retail budgetig

5 Retail Store Budgeting Metrics You Shouldn’t Forget

Store budgeting is one of the most important aspects of retailing. While every retailer is different, all retailers must engage in store budgeting if they want their stores to be profitable. The following five...

store budgeting

Top Retail KPIs You Should Track

Retail key performance indicators (KPIs) are important metrics. They help retail managers understand their customers, business, and revenue situation better. If you want to run a profitable retail operation, then keep an eye on...

store budgeting

5 Ways to Improve Store Budgeting

Retail stores, and retail chains, are profit centers. In order to turn a profit, you have to shell out money for expenses — overhead, merchandise, payroll, and more. In order to manage the operation...

store budgeting

Are You Singing the Store Budgeting Blues?

Store budgeting is one of the biggest challenges of retail store managers. Regional retail chain managers don’t have it any easier. You have to plan your merchandise purchasing around buyer habits and seasonal predictions,...

The Secret To A KPI That Creates Incentive

Setting goals in your retail budget can be an excellent way to create incentives for your stores and employees. They do this by setting the bar a little bit higher but within reach of...

business intelligence

Bring Your Budget Into Focus With ChainDrive

Have you ever experienced an eye exam for a vision problem? The doctor puts a huge machine in front of your face and tells you to look through the lenses, shifting them back and...

retail budgetig

Do Your Stores See Their Part In Your Budgeting?

Every store in a retail chain is a link that connects the business to the profit that is available. A weak link in that chain affects the entire enterprise because a chain is, as...

retail budgetig

What Could Go Wrong With Retail Budgeting?

The importance of retail budgeting is non-negotiable. Without a budget, you don’t know where your money is going and mistakes can be costly — as costly as losing your business. But long before things...

3 Ways Customer Experience Should Affect Retail Budgeting

Usually, a retail budgeting approach is concerned with sales objectives and KPI targets and things like that. These things are important. What many managers miss are the ways that customer experience affects budget planning....

retail budgetig

Why You Need Visibility Options In Retail Budgeting

Developing a budget is a basic aspect of retailing or any commercial enterprise. ChainDrive’s Retail Store Budgeting software is an essential tool for developing that budget because all the data your business generates is...

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