Briefly explain retail performance measures?

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Retail performance measures are essential metrics that help businesses evaluate their effectiveness, efficiency, and overall success in the retail sector. These measures are vital for understanding how well a retail operation is performing, identifying areas for improvement, and making informed strategic decisions. Here are some key retail performance measures:

1. Sales Metrics: 
   - Total Sales: This metric tracks the overall revenue generated within a specific period, providing insight into the store's performance.
   - Sales Per Square Foot: This calculation divides total sales by the retail space used, helping to evaluate how effectively the space is utilized.
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Degree : BACHELOR DEGREE PROGRAMMES
Course Name : Bachelor of Business Administration in Retailing
Course Code : BBARIL
Subject Name : Overview of Retailing
Subject Code : BRL 101
Year : 2024 2025