Do you ever wonder how your business stacks up to other retailers? Are you curious if your business is performing at the level of other stores your size? Comparing your numbers against a group average helps you stay aware of trends and opportunities.
In this session, a panel of participating retailers in the NBDA’s Profitability Project (P2) will share some of the lessons they have learned and applied to their business.
Come away from this session with an understanding of:
How to assess and improve your business by benchmarking areas such as business operations and financial performance.
How to use Key Performance Indicators (KPIs) such as Sales per Square Foot, Productivity (payroll as a percentage of revenue), Inventory Turns, and a host of additional metrics
How to apply best practices to drive change and improve your store profitability
This is your chance to ask questions of retailers who have learned from participating in P2 Groups about how to grow their bottom line. Come to this session and find out for yourself!