Tagged: key performance indicators

retail operations management

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...

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...

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,...

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,...

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...

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...

key performance indicators

Analytics: You Can’t Change What You Don’t Measure

You know the old adage, you can’t change what you don’t measure. It’s true. If you want to impact change within your retail chain, then you need to get in the habit of collecting...

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...

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