Five Minute Friday: Know Your Numbers - Where to Find Your KEY Retail Metrics & Formulas

In this episode of Five Minute Friday, we’re continuing our Know Your Numbers series by showing you how to find the most important retail metrics inside your POS, financial reports, and analytics tools. Before you can improve your numbers, you need to know where to find them. This episode gives you the step-by-step to locate data like inventory, markdowns, traffic, and sales—so you can confidently apply the formulas that drive profit. 🔑 Key Takeaways: Know Where to Find Your Metrics Learn how to locate your on-hand inventory at cost and retail inside your POS or inventory reports. Find your operating expense % inside your Profit & Loss statement and calculate your markdown % using sales by discount reports. Get Clear on Traffic and Transactions Use Google Analytics to track e-commerce visitor data and a door counter for in-store foot traffic. Pull your daily transactions, sales by units, and total dollars from your POS sales reports. Prep for the Profit-Driving Formulas Ahead Discover how to calculate average inventory at retail and get the foundational numbers you’ll need for metrics like IMU, inventory turn, and more. Pro tip: Use Shopify’s ABC Product Analysis Report or Inventory Snapshot to get both cost and retail values in one place. __________________________________________________________ Not a member yet? These are the kinds of resources waiting for you inside the Hub to help you grow smarter. Want more? Join the Boutique Hub: https://tbhub.co/podcastjoin

There are no comments yet.

Please log in to write the first comment.