Friday, November 21, 2008

"Retailers: Turn on Your Financial Headlights!"™                                                                            ROI Site Tour

Compare Your Store
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See benchmarks - and five year trend charts! - for the six key ratios every retailer must monitor. See how your store compares.


Segments and Benchmarks Overview
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The Retail Owners Institute encourages retailers to monitor the trends of the key financial indicators of their store's performance.  Watching these key ratios can provide important early warnings of needed changes. 

Then, compare your store's performance to others in your particular retail niche. This can provide valuable perspective - and even peace of mind! - for retail owners.

Have questions about how to read these ratios, or what they really mean?  See The ROI's Financial Tools & Tips section.

Benchmark Performance Metrics for 50 Retail Segments

The ROI site displays key business performance benchmark data for 50 separate retail segments, from hardware stores to bookstores, to clothing stores, gift shops, wine stores, music stores, furniture stores, tire dealers, and more.  

On these Segment Pages, The ROI presents an Owners Dashboard of six key ratios that we have selected as particularly important for retailers to monitor. 

In addition, The ROI has charted and graphed the five-year trends of these six key performance metrics for independent retailers. 

The segments featured at The ROI reflect the definitions and designations of the North American Industrial Classification System.  Retailers may need to examine the benchmark numbers in more than one segment to get perspective on their own store's performance, particularly if their store does not exactly fit the NAICS category.



Retail Business Insights
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The Show Must Go On
Every day, when your store opens, like when the curtain goes up on a live stage show, you're in "The Theater of Retailing!" And every day the audience is cheering and applauding...or they are not. Your store MUST be entertaining, interesting or engaging to keep what The ROI calls, "The WOW Effect!"
Here's a very simple test. If a customer returns to your store or department after a visit two weeks prior and sees the same merchandise, signing or layout as the last time, subconsciously "WOW! is replaced with "BORING!" And your final curtain may be starting to come down.



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