Driving sales in Retail starts with the basics. Below I have listed the key elements in Retail for you.
- What drives the highs and lows in your business?
- What is the actual performance vs budget and previous periods?
- Do you have a clear understanding what impacts your net profit?
If you know what impacts your business you can set up clear actions to improve or maintain the quality of your business. The more data you have the better you can control your store. Tip: Do not forget the non-financial KPI’s. Continue reading The key elements in retail