Tagged: key performance indicators

retail analytics

6 Characteristics of A Good Retail Analytics Report

Retail analytics are a necessity in today’s omnichannel environment. With e-commerce having achieved maturity and growing in importance every day, retailers of every stripe and size are realizing the importance of tracking key performance...

retail operations

5 Operational Statistics Retailers Must Get a Handle On

Retail operations managers must be able to look at hard data, analyze, and evaluate the chain operations to ensure efficiency, profitability, and effectiveness. To ensure your retail chain is operating at max capacity, you...

retail budgeting

5 Store Budgeting KPIs to Keep You On Target

When it comes to store budgeting, keeping an eye on key performance indicators (KPIs) is essential. Knowing where you stand on your own performance indicators daily will help your stores stay on target so...

retail operations

5 Must-Haves for Every Retail Operation

Your retail chain deserves to be profitable. In order to maximize profits and minimize expenses, you’ll need the right tools. The below five qualities are all characteristics any retail operation should have to maximize...

retail 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...

retail 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...

open-to-buy planning

Why Retail Planning Should Be Flexible

Planning for a retail operation is a big task. How do you know how many customers will walk in your door in the next three months? How do you know how many of those...

retail operations management

6 Ways to Manage Retail Operations Better

There are a lot of moving parts in the managing of retail operations. And the bigger your retail chain, the more moving parts you have. To manage your retail operations more efficiently and profitably,...

retail 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,...

business intelligence

What Performance Indicators are You Measuring?

Success in retail is dependent upon a number of factors. One of those factors is your analytics package. You should ensure that you are measuring the right performance indicators and that you are using...

%d bloggers like this: