Industry, Company, and Product – Product or Service – Retail Business

  •  Describe how you use your retail space–inventory, merchandising display, office support functions.
  •  What is your revenue per square foot?
  •  How about your gross profit margin per square foot?
  •  What is your cost per square foot of space?
  •  How much inventory will you carry?
  •  How quickly will you turn over your inventory–daily, weekly?
  •  What is your market niche–lower prices, better quality, wider selection, convenient location or hours of operation?
  •  Which of your product’s sales will be most volatile and why–seasonal, fad, competitors’ under-cutting pricing strategies?
  •  What customer services will you offer–credit terms, delivery service, discounts or coupons, rain cheques, returns and refunds, special orders, children’s area?