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What’s driving the transformation of China’s department stores?

Inside Retail

Slower revenue growth, shrinking profit margins, and a dwindling share in the national retail economy have pushed many operators to re-evaluate their strategies. More than 70 per cent of surveyed department-store operators experienced year-on-year sales and net profit declines last year, including Xujiahui Shopping Mall and Inzone Group.

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KPIs In Retail: 7 Essential Metrics to Level Up Your Retail Game

V Count

Sales per sqm can tell you whether you’re making good use of your store space and fixtures and can be a good indicator of store productivity. This metric can be used when planning your store layout. Choosing the right techniques to enhance sales per sqm differs from store to store.