In terms of analyzing past performance, Avg cost tells you the average amount of money you invested into each SKU within a category or an assortment. Not to be confused with AUC (which is the cost you pay for a single unit), Average Cost is the average amount of money you spent on each SKU you purchased within that department, category, or assortment. To take your retail reporting learning a step further, checkout the Retail Reporting Workbook (COMING SOON).Īverage Cost (Avg Cost) is the weighted average of the total Cost Of Goods Sold (COGS) of the products in your assortment, or within a specific department or category. This post is for business owners, decision makers, and key contributors who want to improve their retail acumen, and get a better grip on their business. When used to your advantage, these retail math formulas will help you: In this post, you will find over 50 retail KPI formulas used by retail merchandising experts to measure sales, pricing, profit, and inventory performance. ![]() The problem is, most people do not know what they should be measuring, nor how to measure it. The question is, are you taking advantage of it?īusiness performance data is your key to success, and it should be able to tell you everything you need to know – internally, at least – to develop strategic plans, and make informed business decisions. How well do you understand your ecommerce performance? If you’ve been in business for even a few months, you are sitting on some of the most valuable information to grow your business.
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