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3 Key Retail Metrics and How Supply Chain Readjustments Can Help

Retail TouchPoints

Inventory Turnover Definition: The speed at which a business sells and replenishes its inventory during a given period, also known as “stock turn.” However, high or low inventory turnover can also be attributed to how quickly or slowly a retailer can move their goods around.

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Using Prebuilt Data Models? You Should Be

Retail TouchPoints

Merchandising Performance model: This model helps retailers analyze the performance of their products by tracking metrics such as sales, margins and inventory turnover. It is useful for optimizing store layout, staffing and marketing. It is useful for identifying top-performing products and optimizing product mix.

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Retail Merchandising: Elevate Your Retail Store With The Power of Effective Merchandising

CJ Retail Solutions

Seamless Store Layouts: A well-designed store layout can enhance the overall shopping experience and encourage customers to explore more of what you have to offer. Our merchandising experts know how to strategically position products to maximise their visibility and appeal.

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Measuring Success: KPIs for Effective In-Store Marketing Campaigns

CJ Retail Solutions

Retailers can also acquire a better grasp of customer behavior in-store, including navigation patterns, product interactions, and purchase decision-making processes, by employing advanced analytics tools. Technology-driven insights in real time. Promoting sustainable growth in retail marketing campaigns requires constant improvement.

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Why Retailers Should Focus on Dwell Time: Increasing Engagement and Sales

V Count

The length of dwell time typically serves as an effective indicator of how inviting and engaging customers find the store. In this way, the measurement of dwell time offers retailers a powerful tool for optimizing their store layout and merchandising strategies, ultimately leading to improved customer satisfaction and increased sales.

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The Queue Stops Here: How Effective Queue Management and Staff Exclusion Drive Retail Success

V Count

By analyzing customer traffic patterns, businesses can better plan their inventory levels, ensuring they have sufficient stock to meet demand while minimizing excess inventory. This leads to improved inventory turnover, reduced waste, and increased profitability.

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Maximizing Sales with Effective Product Merchandising

CJ Retail Solutions

In addition, cross-merchandising can help retailers optimize their store layout and maximize space utilization. This strategy not only drives sales but also helps in educating customers about the full range of products available, ultimately increasing customer satisfaction and loyalty.