Friday, March 12, 2010

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

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

Fin Freedom - Partner
Department Stores
NAICS 452111: This U.S. industry comprises establishments known as department stores that have separate departments for various
merchandise lines, such as apparel, jewelry, home furnishings, and linens, each with separate cash registers and sales associates.
Department stores in this industry generally do not have central customer checkout and cash register facilities.
 
Department Stores
NAICS 452111: This U.S. industry comprises establishments known as department stores that have separate departments for various
merchandise lines, such as apparel, jewelry, home furnishings, and linens, each with separate cash registers and sales associates.
Department stores in this industry generally do not have central customer checkout and cash register facilities.
 
More Info for Retailers
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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.



Next Steps
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Current RatioGross MarginReturn on AssetsDebt to WorthProfitTurnover

department stores current ratio trends

See below for source for benchmark numbers.
About Benchmarks
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The Retail Owners Institute encourages retailers to monitor the trends of the key financial indicators of your store's performance.  Watching these key ratios can provide important early warnings of needed changes. (More info here)

Then, take advantage of The ROI's presentation of five year trends for 6 key ratios for 52 separate retail segments.  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.

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.

The Retail Owners Institute encourages retailers to monitor the trends of the key financial indicators of your store's performance.  Watching these key ratios can provide important early warnings of needed changes. (More info here)

Then, take advantage of The ROI's presentation of five year trends for 6 key ratios for 52 separate retail segments.  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.

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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Buying "On Deal"
Remember, "It's not a good buy until it's a good sell." As the pro's know, getting special deals from vendors is a little like getting six runs in the first inning: "It's not over till it's over."
Until every piece of every "good buy" is actually sold, no celebratory fireworks should go off!

Find Out More

 * Source: Risk Management Association Annual Statement Studies, 2009-2010.  www.rmahq.org

 * Source: Risk Management Association Annual Statement Studies, 2009-2010.  www.rmahq.org

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