Learn What Every Retail Manager Should Know About Retail Math

& Increase Sales by 30%

Retail Math Webinar

Wednesday – April 24, 2024

9:00 AM – 11:00 AM Eastern Standard Time (New York)

(2:00 – 4:00 PM London UK, 6:00 – 8:00 PM Dubai)

Recording & Slides Will be Sent to All Registrants After the Session.

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
• Metrics You Can Ignore
• Online Retail KPI’s
• 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

Why You Should Attend:

 Practical, applicable and actionable content delivered by top experts to drive your sales, productivity and profitability. Proven to increase those metrics by double digits. Check out the testimonials.

 Value: Apart from acquiring complete knowledge, participants will enjoy a 30-Day unlimited Q&A through email after the workshop (A $1,000 value by itself).

 ROI: Return on investment can be as high as 1,000 times the registration fee based on your company revenues and how many techniques, ideas and methods from the workshop you implemented.

Positions you as an expert .

Creates a “larger picture” mentality.

Improves your standing as a Retail Management Leader.

3 Hours that will produce a lifetime of results.

 

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

Sign up for the ‘Retail Math Webinar Online’ Session

Click the ‘REGISTER NOW’ button, below:

Wednesday – April 24, 2024

9:00 AM – 11:00 AM Eastern Standard Time (New York)

(2:00 – 4:00 PM London, 6:00 – 8:00 PM Dubai)

Recording & Slides Will be Sent to All Registrants After the Session.

Retail Math Webinar

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

 

Facilitator – 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.

 

You might also be interested in The Advanced Retail Math & Analytics Workshop Online

     

Contact: Josephine Hill
email: JHill@retailmanagementworkshop.com
Phone: +1 (813) 556-6437 or +1 (800) 953-4501

 

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