Friday, March 12, 2010

"Retailers: Turn on Your Financial Headlights!"™                                                                            ROI Site Tour

Benchmark Performance Metrics for 52 Retail Segments

The ROI site displays key business performance benchmark data for 52 separate retail segments, from hardware stores to bookstores, to clothing stores, gift shops, wine stores, music stores, furniture stores, tire dealers, and more.  

On these Segment Pages, The ROI presents an Owners Dashboard of six key ratios that we have selected as particularly important for retailers to monitor. 

In addition, The ROI has charted and graphed the five-year trends of these six key performance metrics for independent retailers. 

How can these benchmark numbers be used?
First, for perspective.  Calculate these ratios for your own business, and then see how you compare to your retail industry segment. 
(Have questions about how to read these ratios, or what they really mean?  See The ROI's Financial Tools & Tips  section.)  Second, use these benchmarks when you are setting your own target ratios for the next year.  And third, you should know that when you are seeking a bank loan for your business, the bankers will look at industry benchmarks such as these as they assess your store's performance. 

 

The retail segments featured at The ROI reflect the definitions and designations of the North American Industrial Classification System.  Retailers may need to examine the benchmark numbers in more than one segment to get perspective on their own store's performance, particularly if their store does not exactly fit the NAICS category.

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Furniture & Home Furnishings Stores
Furniture StoresFloor Covering StoresHome Furnishings Stores

Building Material & Garden Equipment & Supplies Dealers
Home CentersPaint & Wallpaper StoresHardware StoresLumber & Building Materials DealersOutdoor Power Equipment StoresNursery, Garden Center & Farm Supply Stores

Food & Beverage Stores
Baked Goods StoresSupermarkets & Grocery StoresConvenience StoresGasoline Stations with Convenience StoresMeat MarketsFruit & Vegetable MarketsCandy & Nut StoresBeer, Wine & Liquor Stores

Health & Personal Care Stores
Cosmetics, Beauty Supplies & Perfume StoresPharmacies & Drug StoresOptical Goods Stores

Clothing & Clothing Accessories Stores
Men's Clothing StoresWomen's Clothing StoresFamily Clothing StoresClothing Accessories StoresShoe StoresJewelry Stores

Recreation & Leisure Activities Stores
Sporting Goods StoresHobby, Toy & Game StoresMusical Instrument & Supplies StoresBookstores

General Merchandise Stores
Department StoresVariety Stores

Electronics & Appliance Stores
Audio/Video & Consumer Electronics StoresComputer & Software StoresCamera & Photo Supplies StoresHousehold Appliances

Other Specialty Retail Stores
Art DealersFlorists  • Gift, Novelty, and Souvenir Stores
Office Supplies & Stationery Stores Pet & Pet Supplies StoresUsed Merchandise Stores

Motor Vehicles & Parts Dealers
Auto Parts & Accessories StoresBoat DealersMotorcycle DealersNew Car DealersRecreational Vehicle DealersTire DealersUsed Car Dealers

Non-Store Retailers
Online ShoppingMail Order HousesKiosks

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