Praxis home Retail Store Operations Manager Interview Questions and Answers for Experienced

Q1. How can you make profitable store ?and how can you decrease shrink of the store?
Ans. 
To make a profitable store, focus on increasing sales and decreasing costs. To decrease shrink, implement security measures and train employees.
• Increase sales through effective marketing and promotions

• Reduce costs by optimizing inventory management and negotiating with suppliers

• Implement security measures such as CCTV cameras and security tags

• Train employees on proper inventory management and theft prevention technique
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Q2. Store revenue pre ebita post ebita and profit %?
Ans. 
Store revenue, pre-EBITA, post-EBITA, and profit percentage are key financial metrics that need to be tracked for effective store management.
• Store revenue refers to the total amount of money earned by the store through sales.

• Pre-EBITA refers to the earnings before interest, taxes, depreciation, and amortization are deducted.

• Post-EBITA refers to the earnings after these deductions are made.

• Profit percentage is the perce...read more
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Q3. What is cost %of marketing expenses budget of total revenue?
Ans. 
The cost % of marketing expenses budget of total revenue varies depending on the company and industry.
• The cost % of marketing expenses budget of total revenue is a metric used to measure the effectiveness of a company's marketing strategy.

• It is calculated by dividing the total marketing expenses by the total revenue and multiplying by 100.

• The ideal cost % of marketing expenses budget of total revenue varies depending o...read more
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Q4. What should be a best tool of cost cutting if required?
Ans. 
The best tool for cost cutting is to identify and eliminate unnecessary expenses.
• Conduct a thorough analysis of expenses to identify areas where costs can be reduced

• Negotiate with suppliers for better prices or discounts

• Reduce energy consumption by implementing energy-efficient practices

• Implement lean management practices to eliminate waste and improve efficiency

• Outsource non-core activities to reduce overhead costs

• Imp...read more
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All kip descartion Arm and senior management

Q1. What is the reason job exit previous company
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Q1. MANY JOB RETALTED QUESTION & SALARY EXPECTIONS
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Q1. What's is the KPI's
Ans. 
KPIs, or Key Performance Indicators, are measurable values that demonstrate how effectively a department is achieving its objectives.
• KPIs help track progress towards goals and provide insights for decision-making.

• They vary depending on the department and its specific objectives.

• Examples of KPIs for a Department Manager may include sales revenue, customer satisfaction ratings, employee productivity, and cost reduction.

• K...read more
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Q2. How do we calculate department contribution
Ans. 
Department contribution is calculated by subtracting the department's total expenses from its total revenue.
• Department contribution = Total revenue - Total expenses

• Revenue includes sales, fees, and other income generated by the department

• Expenses include salaries, rent, utilities, and other costs incurred by the department

• Department contribution is a measure of the department's profitability and financial performance
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Q3. What is spf, how do we calculate
Ans. 
SPF stands for Sun Protection Factor and is a measure of how well a sunscreen will protect skin from UVB rays.
• SPF is calculated by comparing the amount of time it takes for skin to burn with and without sunscreen.

• SPF 30 means it will take 30 times longer for skin to burn with sunscreen than without.

• SPF only measures protection against UVB rays, not UVA rays.

• Higher SPF does not necessarily mean better protection, as it ...read more
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Q1. Tell me about your self
Ans. 
Experienced department manager with a proven track record of leading teams to success.
• Over 5 years of experience in department management

• Strong leadership and communication skills

• Ability to motivate and inspire team members

• Track record of meeting and exceeding department goals

• Experience in budget management and strategic planning
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