Remove Customer Retention Remove Operating Expenses Remove Returns
article thumbnail

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

V Count

If your net profit is on the low side, you may look into finding ways to reduce your operating expenses. Streamline operations to reduce expenses. Organizing and holding events to attract customers. Driving traffic from existing customers. Why measure customer retention rate? CE-CN)/CS)) x 100.

article thumbnail

How To Streamline Your Retail Operations With Smart Financial Planning

365 Retail

It’s essential to balance having enough staff to provide excellent customer service without overstaffing, which can drain resources. Finally, marketing should be targeted and cost-effective, using strategies that provide a clear return on investment.