Retail is a complex business that requires significant strategic planning to succeed. Operating a retail store or chain of stores can be challenging as it requires frequent evaluation and improvement. So, it’s more important than ever for retailers to ensure retail store operations are optimized, which means adopting best practices and technologies designed to achieve […]
A KPI, or Key Performance Indicators, are sets of relevant metrics used to measure performance. Retail stores use various KPIs to measure their floor sales and omnichannel activities. There are no fixed rules with respect to the volume or the type of KPIs every retail store must use. Retail stores need to pick the most relevant KPIs based on meaningful data which C-Suite level executives […]