article thumbnail

KPIs In Retail: 7 Essential Metrics to Level Up Your Retail Game

V Count

Sales per employee Measuring sales per employee is a valuable metric to consider when planning your staff’s schedules and initiatives. net sales/number of employees. This metric can be used when planning your store layout. Improve space planning & store layout. Why measure gross and net profit?

article thumbnail

8 Effective Ways to Increase Profit Margins in Retail

V Count

In order to stay in business and keep your doors open, you need to find ways to increase those profit margins. However, running a retail store and aiming for a higher profit margin requires not just planning but also a lot of hard work. Increase Retail Profit Margin With These 8 Ways. This is what you should think of!

article thumbnail

10 Most Important Ecommerce KPIs to Measure in 2023

Retalon

With rising costs across the supply chain, effectively managing GMROI through careful inventory planning and merchandising strategies is more critical than ever. Customer Lifetime Value (CLV) Definition Customer lifetime value (CLV) is the total revenue you can expect from an average customer over their entire lifetime with your business.