Remove ATS Remove Customer Retention Remove Net Profit Remove Returns
article thumbnail

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

V Count

Your conversion rate is an indicator of good you are at turning visitors into buying customers. While generating high footfall traffic to your stores is a great starting point, it won’t provide much value without the ability to convert those visits into transactions that generate profit. Why measure gross and net profit?

article thumbnail

10 Most Important Ecommerce KPIs to Measure in 2023

Retalon

GMROI – Gross Margin Return on Inventory Investment Definition GMROI measures how efficient and profitable you are at turning your inventory into gross profit. The higher your GMROI, the better you are at wringing profit from your product mix and inventory levels.

article thumbnail

8 Effective Ways to Increase Profit Margins in Retail

V Count

Why Should You Care About Retail Profit Margins. Previously, customers used to shop for particular products at a variety of specialized stores. The ratio between a product’s cost base and its selling price is known as the profit margin. Increase Retail Profit Margin With These 8 Ways. Value pricing.