Start using this Workflow
Retail KPI Tracking Checklist
Sales Performance
step"=>"Track daily, weekly, and monthly sales totals"}
step"=>"Monitor sales growth year-over-year and month-over-month"}
step"=>"Analyze sales by product categories and SKUs"}
step"=>"Evaluate the performance of promotional campaigns"}
Customer Engagement
step"=>"Measure foot traffic vs. actual sales conversions"}
step"=>"Collect and analyze customer feedback and satisfaction scores"}
step"=>"Assess the effectiveness of loyalty programs"}
step"=>"Track the frequency of customer visits and repeat purchases"}
Inventory Management
step"=>"Monitor stock levels to prevent overstocking or stockouts"}
step"=>"Calculate inventory turnover rates"}
step"=>"Analyze the rate of returned or damaged goods"}
step"=>"Optimize reorder points and quantities"}
Financial Metrics
step"=>"Examine gross margin by product and category"}
step"=>"Control and report on operational costs"}
step"=>"Track the average transaction value (ATV)"}
step"=>"Maintain a healthy cash flow"}
Employee Performance
step"=>"Assess individual sales performance against targets"}
step"=>"Monitor employee productivity and efficiency"}
step"=>"Evaluate staff turnover rates and training costs"}
step"=>"Conduct regular performance reviews and provide feedback"}
Online & Omnichannel Retailing
step"=>"Analyze website traffic and online sales conversions"}
step"=>"Measure the effectiveness of different online marketing channels"}
step"=>"Track customer journey and behavior across all channels"}
step"=>"Evaluate the integration and performance of omnichannel strategies"}
