9 STOCIPRE D'EXCULATION MESTIQUES KPI To follow and how to calculate

Liquor stores are a business that requires constant monitoring of key performance indicators (KPIs). These metrics provide valuable insight into how your store is doing and can help you identify challenges or opportunities.

These 9 KPIs can help you measure your liquor store’s performance and improve your business strategy.

In this article, you’ll learn the eight most important KPIs to track in your liquor store. Once you’ve identified the metrics relevant to your business, it’s time to start tracking them.

• Key Performance Indicators (KPIs) are metrics that help you measure progress toward a goal.
• They provide insight into how your business is performing and where improvements need to be made.
• You can use these metrics as benchmarks for success – if you track data such as sales volume or customer satisfaction scores each month, then if these numbers remain relatively stable over time in your business strategy or operations ( and therefore no adjustment needs to be made). If, however, there are changes in these metrics over time (for example, declining sales or an increase in customer complaints), this may indicate a problem with one of these things (either not enough customers who walk through the door, or unhappy customers who are not buying anything!). You should use this information when making decisions on how best to improve these issues by identifying what caused them and making changes accordingly so they don’t happen again!

1. Store traffic and store debits

Storage traffic is the number of customers who enter your liquor store. To calculate it, you need to know how many people visited your liquor store and subtract from that total the number of customers who made no purchases (store store).

Store throughputs are the number of customers who leave your liquor store without making a purchase.

This number is important because you want to know how many customers entered the store and left without buying anything. Store throughputs can be a good indicator of how well your liquor store is doing. If your walk rate is high, it means that customers are not satisfied with the products or services in your liquor store.

2. Sales per square foot

Sales per square foot is a measure of the number of sales per square foot. It is calculated by dividing the total sales for a period by the total square footage.

This metric is important because it shows how well your store is performing and can be used to identify areas where you need to focus on improving your store layout or merchandising strategy.

Average sales per square foot over the past two years were .82, which is just above the national average of .60 per square foot. The best performing stores were able to achieve sales per square foot of over , while some stores were only able to achieve less than half that amount.

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3. Revenue per transaction

Average sales per transaction is one of the most important liquor store KPIs. Average sales per transaction can be calculated by dividing total sales by total transactions. For example, if a store had ,000 in total revenue and 100 transactions, it would have an average sale per transaction of 0 (or each time). This metric tells you how much money you make on each item sold.

The best way to improve this KPI is to increase the average ticket size in the store. As long as your prices are competitive with your competitors and you sell quality products with excellent service, customers will continue to visit and spend more money!

4. Average order value

Average Order Value (AOV) is one of the most important liquor store KPIs because it can tell you how much each customer is spending, which helps you identify the most profitable products.

To calculate AOV, divide your total revenue by the number of transactions:

Aov = Total revenue / number of transactions

For example, if you sell ,000 of alcohol in a month and have 2,000 transactions, your AOV is .

5. Products sold by customer

Products sold by customer metric is a good way to track the number of items that sell on average. This can be calculated by dividing the total number of products sold by the total number of customers.

As with any metric, there is no standard range for this KPI; However, most liquor stores tend to sell .50 to in product on average per customer.

One thing to keep in mind with these KPIs is that it doesn’t explain different types of customers – if you have people who only come once a year versus those who come every day, it’s important Know what type of customer each group represents so you can ensure they receive an optimal shopping experience that matches their needs and shopping habits (or exclude them altogether).

6. Inventory turnover rate

Inventory turnover rate is the ratio of your sales to your inventory. It measures how often you turn over your inventory and should be used to measure how well you manage it. This metric is useful for understanding the health of your business, as well as how much you’re spending on inventory that’s not selling fast enough.

Calculation of inventory turnover rate:

Sales = Total sales for a given period (month, quarter)

Inventory = Cost of Goods Sold + Cost of Finished Goods – Beginning Inventory + Ending Inventory

Inventory turnover rate = Sales / inventory

For example, if your business generates ,000 in sales per month and has a starting inventory of ,000 and an ending inventory of ,500, your inventory turnover rate will be 3.6 (10k/ 2.75k).

7. Employee turnover rate

The employee turnover rate is the average number of employees who leave their jobs during a given period. It is calculated by dividing the number of employees who left during a given period by the average number of employees during that same period.

For example, if you had 10 people working for you in January and one person who left on March 1, your employee turnover rate would have been 0.10 (1/10). You can calculate this using any number or period as long as it is consistent over time.

Employee turnover rate is one of the most important metrics of any business. It helps you understand when people leave, why they leave, and what can be done about it.

8. Liquor Store Margins

Margin is the percentage of sales that goes to profit. In other words, it’s how much money you make per dollar of sales. To calculate a liquor store’s margin:

• Divide gross profit by total revenue
• The higher your liquor store’s margin, the more profitable it is! If your business has a low or negative margin, you may struggle to pay overhead costs like rent and payroll.

You can increase your liquor store margin by: Improving the quality and value of your products Lowering the cost of goods sold (COG) by negotiating with suppliers or switching to cheaper brands. In other words, you want to sell items that have a high profit margin for as little money as possible.

9. Customer Lifetime Value

Customer Lifetime Value, also known as CLV, is a key performance indicator (KPI) for liquor stores and can be calculated by multiplying the average revenue per customer by the average number of transactions per customer.

To determine your CLV, you need two pieces of data: the total number of customers and their average purchase amount. You then multiply that number by your customer base to get an overall idea of how much money each individual customer contributes to your business over their lifetime.

Conclusion

To conclude, liquor store KPI metrics can help you measure your business performance and make informed decisions to improve it. These eight KPIs are some of the most important we’ve found for liquor stores. We hope this article has given you some insight into how these KPIs work and where you might find value in using them.