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    2. Retail KPI's | Print |
      KPI's or Key Performance Indicators are measurement of performance for companies used to evaluate and define how successful it is. Key areas of measuring the Retail  KPI's can be seen below:
       
       
      1. The rate of profit / per shop
      • This rare reflects the percentage of the profits of individual shops in each area.
      • You use this rate to compare the level of effectiveness of the store together and the percentage of overall profits.
      2. The rate of profit / capital
      • Formula = Net profit / total capital.
      • The rate review how effectively the profit compared with the capital you have to take.
      3. Sales turnover / location
      • With total sales of that location compared to other locations.
      • The rate tell you know any good sales areas and any good areas are not effective.
      4. Cost premises / sales turnover
      • With a total land cost / total sales
      • The rate let you know your premises is effective or not or you do not have enough marketing efforts.
      5. Salary costs / sales turnover
      • This is the total salary / sales
      • This helps you control the budget of the stores.
      6. Product selling
      • Include a list of product that sell fast or slow.
      • You need to compare this list at the store with different branches
      • Also, you should see the list of products is selling slowly and find out reasons why.
       

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