Caroline Moutet in How to Increase Your Retail Efficiency ?

Embrace New Tech: Software and Hardware

Upgrading your IT infrastructure and adopting a solid state drive (SSD) over the conventional hard drive helps employees start their computers twice as fast, load Google Chrome seven times faster and load Microsoft applications up to nine times faster…

Caroline Moutet in How to Increase Your Retail Efficiency ?

Dec 6, 2016

Lead with Prominent Brands

After determining which departments customers prefer, begin developing strategies around products that can serve as anchor tenants and increase profitability for the entire department. Anchoring departments with leading brands can help improve the perception of credibility…

Caroline Moutet in How to Increase Your Retail Efficiency ?

Dec 6, 2016

Simplify and Improve the Store Layout

The layout of the store should be designed around making it easier for customers to navigate. Clearly designated departments, strategic displays and an organized space is for more effective than a random assortment of products all over. Use signs that clearly…

Caroline Moutet in How to Increase Your Retail Efficiency ?

Dec 6, 2016

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…

Caroline Moutet in How to Increase Your Retail Efficiency ?

Dec 6, 2016

Measure Performance with Retail Formulas

Aside from sales per square foot, you can also consider sales per linear foot of shelf space when you have a large number of wall units. Categorizing sales by department and measuring inventory turnover can provide insight about which items are overstocked or…

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How to Increase Your Retail Efficiency ?

Here are six ways you can get started on improving retail efficiency

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