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What is the KPIs in a fashion Retail Stores?

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Question added by Ahmed Mohamed Attia Ibrahim , Senior Medical Representative , Al-Sayafe Medical & Pharma. Co
Date Posted: 2015/12/02
د Waleed
by د Waleed , Management - Leadership-Business Administration-HR&Training-Customer Service/Retention -Call Center , Multi Companies Categories: Auditing -Trade -Customer service -HR-IT&Internet -Training&Consultation

I would agree with Mr. Ahmed's answer .. Thank you

Ahmed Abou-elazm
by Ahmed Abou-elazm , Operations Manager , Lagardere travel retail

Driving and maximize sales

Reducing cost

Achieving shrinkage

leading store team

mangling store stock , etc...

Yousef  Anaya
by Yousef Anaya , Retail Department Manager - WRTW, Shoes & Lingerie , Galeries Lafayette Dubai

Sales figure, UPT, ATV, CR 

Mohammed Farmoo
by Mohammed Farmoo , Area Manager , Clarks future footwear Pvt Ltd

Key Perfomance Indicater : sales target / conversions / Asp / abv / upt as set goal vs acheived for the period define in as Quarter or financial year.

Ramy Emad Edward
by Ramy Emad Edward , Store Manager , HARRYS OF LONDON

A KPI, or Key Performance Indicator, is a metric used to measure performance. Retail stores use various KPIs to measure their activities. There is no particular set of KPIs that every retail store must use. Retail stores need to pick the right KPIs based on the outcome they want to achieve or their strategic goals. For example, one retail store might want to manage their inventory better, so they would use KPIs like inventory to sales ratios or inventory integrity. On the other hand, another store might want to enhance the customer experience, so they would choose KPIs like customer satisfaction and customer retention.

MOHAMMED WASEEM AHMED
by MOHAMMED WASEEM AHMED , Department Supervisor , PAI

Key performance indicator is fullform of KPI

 

set to define measures the concept/brand uses compare individual performance

Miguel Gaitan
by Miguel Gaitan , Manager Strategic Pricing, Procurement, Packaging, Innovations. Cost Analyst , Lake County Press, inc.

How many customers visit store and how many customers execute transactions and lastly, how many customers visit and repeat transactions.

 

Mohamed Agmy
by Mohamed Agmy , مسئول بيع و تسويق منطقة الصعيد , شركة ماستر أويل الموزع الحصري لشركة أكسون موبيل للزيوت الصناعية

increase sales & customer satisfaction

Most popular KPI-s in fashion Retail Stores are:

CR-conversion rate, ATV-average transaction value, UPT-units per transaction, WSR- wage to sales ratio, PPH productivity per hour, sales and margin per square meter, ADS average daily sales, CRM capture 

Mohammed Abdul Rahim Parveez
by Mohammed Abdul Rahim Parveez , Director Business Operation , Al Hillali Logistics & Manufacturing Company

KPI for fashion retail stores:

- It varies from one store to another store

- Based on the brand the fashion store selling KPI will be design for individual staff and store manager

- Achievement of Actual Sales Vs Budgeted monthly / quarterly / yearly as per the business plan of the company

- Peformance evaluation on a monthly / quarterly / yearly basis

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Seema Kashyap
by Seema Kashyap , Head of Visual Merchandiser , Radhamani Textile Pvt. Ltd.

Key Performance Indicator.

 

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