Tagged: KPIs

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...

business intelligence

What Can Retail Analytics Help You Measure?

It’s important, in the retail business, to be able to measure your progress to determine if your business is successful, profitable, and growing. But what exactly should you measure? Every retail business is different....

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...

KPIs and sales incentives

Should Retailers Rethink Sales Incentives?

Shoppers rarely make a purchase based solely on one salesperson’s efforts during one visit to the store. Meeting today’s customer expectations involves many contacts across multiple channels because most consumers are browsing online as well...

Price Management Software tracks and controls performance

Price Management Software tracks and controls performance

As often as we tout the importance of nuance and careful planning in every segment of your retail business, ChainDrive knows that price levels are some of the most fundamental and impactful aspects of...

Marketers are targeting value over thriftiness

Marketers are targeting value over thriftiness

The economy has improved substantially within the past five years since some troubling times around 2008. However, thrifty spending remains a strong mindset in customers around the nation. There seems to be an attitude...

ChainDrive’s Innovative Price Management Software

ChainDrive’s Innovative Price Management Software

Price levels are of the utmost importance to maintaining a successful retail business. Being able to control prices in a way that balances sales made with dollars earned in profit is a fundamental aspect...

“Big data” is leading towards risky dynamic pricing methodologies

“Big data” is leading towards risky dynamic pricing methodologies

The relationship between a retail business and its customers is often a peculiar one. In an age where information by and large flows freely, a retail business can assess the interests and proclivities of...

Price Management software helps you control performance

Price Management software helps you control performance

Competing in the retail industry means being on top of absolutely everything related to your business. This includes having competent employees, strong marketing strategies, quality products, thorough customer service, and much more. But it’s...

Price Management software helps maximize sales and profit

Price Management software helps maximize sales and profit

Retail business are made or broken by their price levels. Smart customers will want to shop around and find the retail outlet that provides the most competitive prices on products, so you always want...

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