One of the diagnostic resources available from The ROI is what we call the "Adversity Test."
Since it uses key ratios, we decided to apply it to some overall retail segments, using the 2020 and 2019 data from their Benchmark pages at The ROI.
With a potential high score of 25, here are the Adversity Test results for five segments. See any surprises?
It is an insightful – and very revealing – way to assess the ability of your stores to withstand unexpected adversity. (Actually, it probably should be called a "Resilience Indicator.")
Go here to use this free tool for your own stores. How resilient will you be in 2021 and beyond?
Since 1999, empowering retailers and store owners to "Turn on your financial headlights!"