How are your KPI’s?


There is so much that can be done to increase KPI’s in retail stores provided you don’t spend all your time complaining about a poor economy, or lack of traffic or employee turnover, etc.

You have to take action on the things you can control to some extent. And what are those things? Conversion, Average Sale, Units Per Transaction, and there are more. The key is to focus on what needs to be done.

First of all look at the calculations for these KPI’s. You can refer to a retail math book if you’re not sure of how some of them are calculated. DMSRetail offers Retail Math – Made Simple and it will walk you through everything you need to know about KPI’s, common math formulas, pretty much everything you need to know about retail math for retail store staff.

Once you know how to calculate the numbers, go ahead and do it and compare your results against benchmarks.  One thing you can do to increase KPI’s is to follow this rule. Keep it in mind at all times.

Sell more items to more customers more often, and preferrably at regular prices.

Of course nothing is that easy but following this rule is a great starting point. Let us know how it works for you.

All the Success!

DMSRetail

If you like us….please Like us on Facebook: http://www.facebook.com/dmsretail

Advertisements

0 Responses to “How are your KPI’s?”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s




Enter your email address to follow this blog and receive notifications of new posts by email.

Retail Management

Ultimate Retail Success Collection
December 2010
S M T W T F S
« Nov   Jan »
 1234
567891011
12131415161718
19202122232425
262728293031  
Sales & Influence Blogs - BlogCatalog Blog Directory

%d bloggers like this: