Increase Sales Per Square Foot
Sales per square foot is defined as the average revenue for each foot of sales space available. Dividing total sales by the square feet of selling space available is a quick way of determining sales per square foot. Use data to identify and display items that are actually selling and avoid products not performing as well. Pricing should be optimized based on a strategy designed to improve your sales. Focusing on high-ticket items or subscription-based models are also effective ways to improve sales per square footage. Another critical factor for maximizing sales per square foot is improving the layout of the store.