What are the different types of retail statistics?

retail statistics are different metrics that society will use to measure its strength. While retail companies can use a combination of standard and specialized statistics, industry often focuses on several universal metrics. Among the most common retail statistics are sales growth, gross percentage of profits, sales and contributions, the same sales in the store and employee turnover. Each of them can provide internal and external users insight to internal functioning in the company. Statistics also provide companies with the ability to compare to other companies. Retail companies can compare the current month with the previous month or with the same month in the previous year. The most basic formula is the current sale of less previous sales period divided by current sales. For example, a retail company with $ 100,000 in the US (USD) in the current month and $ 85,000 in the same month of last year is to grow sales of 15 percent. Many retail companies will beMaintain an analysis of trends with several months in the value of sales growth easily available retail statistics, allowing them to determine when they can expect or reduce sales.

Companies often calculate the gross percentage of profit for all products or individual lines. Owners and managers will do this by deducting the cost of the product from the selling price and by distributing the number of the sale price. The retail statistics method is also similar to calculating the percentage of gross profit for a month. Total revenues of lower costs for the goods sold by sale calculate the gross percentage of profit for the current period.

returns and posts represent goods returned to customers to the retail store. When customers return the goods, this number goes against the sale of the company in a month. IF company is unable to sell good at the full price of another customer, then the product is basically worthless and often results in lostmoney. Retail statistics using this metric are relatively basic; The company will divide the total revenues and contribution for the current period by sale. This provides the percentage of all sales expecting the company to be returned to customers.

Employee turnover is more important statistics for managers than external users. A high turnover represents a working environment that workers consider unfavorable, and often stand the company's money because it will have to place advertisements for employment, talk about employees and perform employment tests for more individuals. Training of new workers is often much more expensive than maintaining current employees. These statistics are important because retail companies often do not have enough gross profits to constantly replace employees.