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KPI Benchmarks : Sales per Square Foot
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Sales per Square Foot
KPI Details
Sales per Square Foot is a vital retail KPI that measures how effectively the company manages their retail space. A low value for this KPI may be indicative of a number of company issues, such as ineffective marketing/branding strategy, poor reputation among consumers, inadequate use of retail space (i.e., using more space than is needed), substandard store layout, etc. Companies should analyze this metric on a regular basis to determine if sales strategy needs to be re-evaluated, storefronts should close down, or both.
KPI Definition
The total dollar amount of sales generated by the company divided the number of square feet of retail space managed by the company over the same period of time.
KPI Calculation Instructions Sales per Square Foot?
KPI Formula :
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