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Loss Leader Pricing: Powerful Tool or Slippery Slope?

Wiser

3: Optimized Store Layout In a boost for retailers, loss leader pricing can actually help you design the layout of your store (or store layout can help you decide which items to price at a loss). The concept here is that items priced in the way back of the store are the loss leaders.

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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. Sales per sqm can tell you whether you’re making good use of your store space and fixtures and can be a good indicator of store productivity. Driving traffic from existing customers.

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10 Ways to Keep Customers from Leaving Your Store Empty-Handed and Boost Your Profitability

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Poor Customer Service : One significant factor that can lead to a decrease in customer retention is poor customer service. A customer may choose to leave a store and not make a purchase if they feel they are being ignored, not treated respectfully, or if they perceive the customer service to be subpar.