A retailer will know how their business is performing by keeping track of a quantifiable factor called Key Performance Indicators (KPI's). It's important to note that different retail KPIs to cover can track colourful pretensions. For most retailers, the primary objective to be reached is adding Year on Year profit. Still, retailers can also track other areas of their business, similar as average sale value, COGS, units per transaction, and online Vs in- store deals. Overall, retailers with the help of KPIS' can figure out the negatives in a business strategy, areas of prospects, and areas of strength.
