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

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Manage episode 499035227 series 2099681
Content provided by Ashley Alderson and The Boutique Hub with Ashley Alderson. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ashley Alderson and The Boutique Hub with Ashley Alderson or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

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

  continue reading

442 episodes

Artwork
iconShare
 
Manage episode 499035227 series 2099681
Content provided by Ashley Alderson and The Boutique Hub with Ashley Alderson. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ashley Alderson and The Boutique Hub with Ashley Alderson or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

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

  continue reading

442 episodes

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