Tag Archives: Retail Owners Institute

A Great Source of Recent Sales Data by Retail Category

Looking to track month-to-month changes in retail sales by retail category? Then, take a look at the Retail Owners Institute Web site. The Retail Owners Institute Web site offers free data (in chart form) on the most recent six month … Continue reading

Posted in Part 3: Targeting Customers and Gathering Information, Part 6: Merchandise Management and Pricing | Tagged , , , , , , , , | 4 Comments

Retailers and the Minimum Wage

There has been a lot of discussion and debate recently about the impact of a raise in the federal minimum wage (to perhaps as much as $10.10 per hour, compared to the current $7.25) on retailers — both large and … Continue reading

Posted in Careers in Retailing, Part 2: Ownership, Strategy Mix, Online, Nontraditional, Part 5: Managing a Retail Business | Tagged , , , , , | 3 Comments

Free Data from the Retail Owners Institute

The Retail Owners Institute provides a lot of free and inexpensive data through its Web site. While the data are valuable to retailers of any size, the site is very good for small retailers because of the pricing: “The ROI … Continue reading

Posted in Part 3: Targeting Customers and Gathering Information, Part 5: Managing a Retail Business, Part 6: Merchandise Management and Pricing | Tagged , , , , , , , , | 5 Comments

Retail Finance Quiz: How Would You Do?

Check out these two financial management quizzes from the Retail Owners Institute. Test yourself. 🙂 : The ROI’s Quick Quiz for Retailers: The Income Statement The ROI’s Quick Quiz for Retailers: The Balance Sheet Just click here.  

Posted in Part 5: Managing a Retail Business, Part 6: Merchandise Management and Pricing | Tagged , , , , , , | 3 Comments

Benchmarking: It’s Essential to Compare Performance by Store Category

As we noted in May, the Retail Owners Institute provides a number of measures of financial peformance for 55 different sectors of retailing. Here is why this topic is so important: “How can these benchmark numbers be used? First, for perspective.  … Continue reading

Posted in Part 5: Managing a Retail Business, Part 6: Merchandise Management and Pricing, Part 8: Putting It All Together | Tagged , , , , , , | Leave a comment

Benchmark Financial Ratios for 50+ Retail Segments

The Retail Owners Institute site provides key financial performance data for 50+ different retail segments, from hardware stores to bookstores to clothing stores to furniture stores, and more.  The Institute highlights six key ratios: inventory turnover, gross margin, profit, debt-to-worth, current ratio, and return on … Continue reading

Posted in Part 5: Managing a Retail Business | Tagged , , , , | 2 Comments