Comments on: Retail Store Industry Benchmarks https://smallbizsurvival.com/2010/01/retail-store-industry-benchmarks.html The small town and rural business resource Mon, 28 Sep 2015 17:57:54 +0000 hourly 1 By: Becky McCray https://smallbizsurvival.com/2010/01/retail-store-industry-benchmarks.html#comment-3616 Tue, 11 May 2010 02:06:40 +0000 http://smallbizsurvival.com/?p=703#comment-3616 Thanks, Noah. Now if we can just help folks make smarter decisions using this info.

]]> By: Noah Brockman https://smallbizsurvival.com/2010/01/retail-store-industry-benchmarks.html#comment-3615 Tue, 11 May 2010 01:50:54 +0000 http://smallbizsurvival.com/?p=703#comment-3615 Thanks Becky, just printed some info off for a loan packaging client looking at a retail startup. Very useful tool for client education, not to mention timely when the RMA Guide is back at the office.

Thanks for sharing this!

Noah Brockman, MBA
Business Coach, Consultant
Pointman Consulting, LLC

]]> By: Becky McCray https://smallbizsurvival.com/2010/01/retail-store-industry-benchmarks.html#comment-3300 Tue, 26 Jan 2010 23:34:07 +0000 http://smallbizsurvival.com/?p=703#comment-3300 Thanks, John. Inventory is a tricky issue for any small retail business. And even with technology, it involves some tough decisions by the business owners.

]]> By: John Krech https://smallbizsurvival.com/2010/01/retail-store-industry-benchmarks.html#comment-3299 Tue, 26 Jan 2010 21:56:59 +0000 http://smallbizsurvival.com/?p=703#comment-3299 This is great data. It is always important to see how we compare to our peers and to be able to take action to improve our performance. Our website at phitch.com features a ROI menu tab armed with a free online calulator to measure the opportunity available by optimizing inventory – essentially improving inventory turnover.

Having the the right amount of inventory is a big headache for small business, especially retail businesses. The bottom 30% of businesses have nine time more inventory than their top 20% performing peers. This is a huge disadvantage than be eliminated with relative ease with the right technology.

]]> By: Becky McCray https://smallbizsurvival.com/2010/01/retail-store-industry-benchmarks.html#comment-3298 Tue, 26 Jan 2010 20:12:37 +0000 http://smallbizsurvival.com/?p=703#comment-3298 I agree, Bruce. I happily made use of the liquor store benchmarks for my own store.

]]> By: PartyWeDo https://smallbizsurvival.com/2010/01/retail-store-industry-benchmarks.html#comment-3297 Tue, 26 Jan 2010 19:48:44 +0000 http://smallbizsurvival.com/?p=703#comment-3297 Becky,
We used this fantastic service from ROI for our franchise system…

This is really good stuff!

Bruce

]]> By: Becky McCray https://smallbizsurvival.com/2010/01/retail-store-industry-benchmarks.html#comment-3296 Tue, 26 Jan 2010 00:32:11 +0000 http://smallbizsurvival.com/?p=703#comment-3296 Thanks for dropping in so quickly.

]]> By: The ROI Team https://smallbizsurvival.com/2010/01/retail-store-industry-benchmarks.html#comment-3295 Tue, 26 Jan 2010 00:13:40 +0000 http://smallbizsurvival.com/?p=703#comment-3295 Becky,
Thanks very much for sharing the Retail Owners Institute’s Key Retail Ratios benchmark numbers with your readers!

The ROI Team

]]> By: Becky McCray https://smallbizsurvival.com/2010/01/retail-store-industry-benchmarks.html#comment-3294 Mon, 25 Jan 2010 23:32:07 +0000 http://smallbizsurvival.com/?p=703#comment-3294 Wonderful! Glad to know it will be useful.

]]> By: MissDazey https://smallbizsurvival.com/2010/01/retail-store-industry-benchmarks.html#comment-3293 Mon, 25 Jan 2010 23:30:34 +0000 http://smallbizsurvival.com/?p=703#comment-3293 How ever did you know Bruce was looking for this information. He asked me to find it a month ago, never did. Thanks!!

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