In this episode of Five Minute Friday, we’re continuing our Know Your Numbers series by showing you how to find the most important retail metrics inside your POS, financial reports, and analytics tools.
Before you can improve your numbers, you need to know where to find them. This episode gives you the step-by-step to locate data like inventory, markdowns, traffic, and sales—so you can confidently apply the formulas that drive profit.
🔑 Key Takeaways:
Know Where to Find Your Metrics
Learn how to locate your on-hand inventory at cost and retail inside your POS or inventory reports.
Find your operating expense % inside your Profit & Loss statement and calculate your markdown % using sales by discount reports.
Get Clear on Traffic and Transactions
Use Google Analytics to track e-commerce visitor data and a door counter for in-store foot traffic.
Pull your daily transactions, sales by units, and total dollars from your POS sales reports.
Prep for the Profit-Driving Formulas Ahead
Discover how to calculate average inventory at retail and get the foundational numbers you’ll need for metrics like IMU, inventory turn, and more.
Pro tip: Use Shopify’s ABC Product Analysis Report or Inventory Snapshot to get both cost and retail values in one place.
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