How can you monitor performance of retail store ? Discuss with examples.

One simple way to know if the business is healthy is to compare this year's same-store sales data to last year's revenue. But what if your store has been open for less than a year?

Business owners may have hunches about what is happening in their operations but the data can reveal something very different. Data can also alert business owners to trends they are not aware of, which enables them to make adjustments. 

This data can be gathered by using various retail math formulas and calculations based on sales. If you track these metrics on a regular basis, you can grow your business efficiently. 

Sales per Square Foot

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