What Every Retail Manager Ought to Know About Retail Math

Retail Math Webinar

Wednesday – July 28, 2021 – 9:00 AM – 11:00 AM Eastern Standard Time (New York)

(2:00 – 4:00 PM London UK, 5:00 – 7:00 PM Dubai)

LIVE & INTERACTIVE

Retail Math Online Training is a 2-Hour intensive discussion and practice on the most important Retail Management metrics, KPI’s and analytics.

This training is packed with information on how to use Retail Math formulas to determine your Key Performance Indicators, your profitability, definition and explanation of terms and examples from actual Retail Operations to give you a full and operational understanding of Retail Math.

This is a live webinar and you will have access to the instructor through questions and discussion.

What You’ll Learn:

Most Important KPI’s You Can Not Ignore

KPI’s You Can Ignore

Online Retail KPI’s Max ROI Store Visits

Key Metrics and Formulas

Application of Retail Math to Real Life Situations

Which Wall of Your Store(s) is Most Profitable?

Which Fixture is Most Profitable?

Which Sales Associate is Most Profitable?

Which Product Category Has the Highest ROI?

Which Supplier Gives you the Best ROI?

Technique to Sell Steep Target Increases to Your Subordinates

And Much, Much More…

Agenda:

Definition and explanation of terminology used in Retail Math.

Truly understanding the “numbers” that drive the business… and we do mean “truly”

Online and Offline Key Performance Indicators (What to measure, how to measure and how to utilize the results).

Commonly Used Formulas (Gross Margin, Markup, GMROII, GMROF, GMROL, Inventory T/O, etc.).

Practical and Powerful Applications of GMROII, GMROF and GMROL – For example find out which fixture or counter is most productive for your business

Actual Operational Benchmarks

Open-to-Buy (Review of OTB and its fundamentals).

Sell-Thru Scenarios (Working through an actual example).

Operating Statement Analysis (P&L Statement).

Profit Multipliers (How to deal with big target increases)

Balanced Scorecards and Their Implementation in Retail Management.

How to Evaluate Your Suppliers – Vendor (Supplier) Balanced Scorecards from Retailer’s Perspective.

Q&A

If for some reason, you register and can’t attend, you will still get the recording and /or can attend any future session.

When you register for Retail Math Online, you will receive the Retail Math YourTime Study Course at no extra charge ($197 Value)

Sign up for the ‘Retail Math Webinar Online’ Session

Click the ‘REGISTER NOW’ button, below:

Wednesday – July 28, 2021 – 9:00 AM – 11:00 AM Eastern Standard Time (New York)

(2:00 – 4:00 PM London UK, 5:00 – 7:00 PM Dubai)

LIVE & INTERACTIVE

Retail Math Online Webinar Training

~~$147~~ Only $97/person, Group Rates are Available

Your Payment will be processed by our secure shopping cart SendOwl.

Facilitator – Matt Parmaks

Matt Parmaks With years of retail and related experience, Matt provides his audience with a wealth of real life examples on the ‘why’ and ‘how’ of best practices in just about every area of retail.

During his retail management career, both in sales and merchandising executive positions, Matt has generated more than $750 Million revenue and has been responsible for sales organizations as large as 1000 salespeople.

Matt has extensive knowledge about the retail industry, gained through formal education, work experience and a keen interest in business and world affairs.

He is the author of numerous books and articles in Retail Performance and Managerial Productivity. Matt received Bachelor and Master of Science degrees in Engineering from the University of Birmingham in the UK.

Retail math is considered an integral part of a good retail manager’s skill set. It can be found on some companies’ pre-employment screening tests.

For more information or talk to someone about Retail Math Online Training, please call +1 (312) 239-0919 or send an email to jhill@dmsretail.com

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