Tuesday, February 09, 2010

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

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


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Store Benchmarks   »   Motor Vehicles, Parts Dealers   »   Boat Dealers    
Boat Dealers
NAICS 441222: This U.S. industry comprises establishments primarily engaged in (1) retailing new and/or used boats or retailing new boats
in combination with activities, such as repair services and selling replacement parts and accessories,
and/or (2) retailing new and/or used outboard motors, boat trailers, marine supplies, parts, and accessories. 
 
Boat Dealers
NAICS 441222: This U.S. industry comprises establishments primarily engaged in (1) retailing new and/or used boats or retailing new boats
in combination with activities, such as repair services and selling replacement parts and accessories,
and/or (2) retailing new and/or used outboard motors, boat trailers, marine supplies, parts, and accessories. 
 
Compare Your Store
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See benchmarks - and five year trend charts! - for the six key ratios every retailer must monitor. See how your store compares.


Next Steps
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Current RatioGross MarginReturn on AssetsDebt to WorthProfitTurnover

boat dealers current ratio trends

See below for source for benchmark numbers.
About Benchmarks
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The Retail Owners Institute encourages retailers to monitor the trends of the key financial indicators of your store's performance.  Watching these key ratios can provide important early warnings of needed changes. (More info here)

Then, take advantage of The ROI's presentation of five year trends for 6 key ratios for 52 separate retail segments.  Compare your store's performance to others in your particular retail niche. This can provide valuable perspective - and even peace of mind! - for retail owners.

The 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.

The Retail Owners Institute encourages retailers to monitor the trends of the key financial indicators of your store's performance.  Watching these key ratios can provide important early warnings of needed changes. (More info here)

Then, take advantage of The ROI's presentation of five year trends for 6 key ratios for 52 separate retail segments.  Compare your store's performance to others in your particular retail niche. This can provide valuable perspective - and even peace of mind! - for retail owners.

The 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.

Retail Business Insights
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The Show Must Go On
Every day, when your store opens, like when the curtain goes up on a live stage show, you're in "The Theater of Retailing!" And every day the audience is cheering and applauding...or they are not. Your store MUST be entertaining, interesting or engaging to keep what The ROI calls, "The WOW Effect!"
Here's a very simple test. If a customer returns to your store or department after a visit two weeks prior and sees the same merchandise, signing or layout as the last time, subconsciously "WOW! is replaced with "BORING!" And your final curtain may be starting to come down.

 * Source: Risk Management Association Annual Statement Studies, 2009-2010.  www.rmahq.org

 * Source: Risk Management Association Annual Statement Studies, 2009-2010.  www.rmahq.org
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