Retail Financials

Retail is driven by a myriad of different approaches to measuring and controlling costs, margin, profit and efficiency. Successful retailers manage costs with a microscope, margins with aggression and shoppers with delight. There is no other way. This course provides a basic look at the metrics to manage a retail business effectively. From managing people to managing product to managing suppliers and operational standards, this program looks at all the necessary areas that define good retail metrics and ensures the delegates leave with a good, generic understanding of these and other efficiency and market measures.

Content includes:

• The retail business model
• Retail metrics, P&L’s, investments and returns
• Productivity, stock, people, baskets and supliers
• Consumer and market measures
• Profitability
• Inventory Investment models
• Space utilisation
• Product efficiency and profitability
• The staff responsibility matrix – who’s who?
• Measuring range
• Promotional measures