Retail is one of the most competitive industries with sharp focus on increasing sales and retaining more customers. In order to stay on the top, retailers need to know everything about their business. We remind you top 10 retail KPIS not only to understand your business better but also to amplify your store functioning.
To use the right data metrics for the store is extremely important as it helps to generate more revenue and grow the business. Furthermore, having the right analysis of sales and shoppers after regular intervals of time will help to develop a systematic approach to key decisions about products, merchandise and other store strategies. There are some qualitative KPIS as well to help you to improve your store’s performance. Thus, improving sales forecast, and helping you to design a growth and expansion plan for the future.