Knowledge / Inspiration

4 KPIs Every Retail and Restaurant Owner Should Know About

4 KPIs Every Retail and Restaurant Owner Should Know About

Organizations across all industries have Key Performance Indicators (KPIs) to monitor performance and achieve desired results. The data collected from measuring these KPIs can drive growth and aid in making key business decisions.   There are several types of indicators for retail and F&B and some of the common examples include gross margin, cost of goods, …

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Restaurant and Retail Industry Outlook: 6 Trends To Watch For in 2022

Restaurant and Retail Industry Outlook: 6 Trends To Watch For in 2022

The global pandemic has drastically affected the way brick-and-mortar establishments operate on a day-to-day basis, prompting restaurants and retail owners alike to look beyond the traditional and strategize to remain competitive and relevant. The past two years have proved that the restaurant and retail industries are flexible, resilient, and always ready to reinvent themselves despite …

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Lifecycle of a Loyalty Program

Having a loyalty program in place helps the business drastically increase its revenue by gathering insightful data, increasing customer retention and acquisition and more! Launch a loyalty program or take your existing loyalty program to the next level to boost your sales by not only attracting new customers but also turning your loyal customers into …

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What Restaurant Analytics Can Teach Business Owners Who Know It All

Restaurant owners have a lot of knowledge about how to run their business: staffing, product, customer service, planning, scheduling, and organization. But a lot of important business decisions are made based on intuition, or a “gut feeling.” And while intuition is valuable, it’s usually earned through years of experiential learning. A data-driven strategy derived from …

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