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KPI stands for Key Performance Indicator, which is a measurable value that demonstrates how effectively a company is achieving key business objectives.
KPIs are used to evaluate the success of an organization or a particular activity in which it engages.
They help in setting goals and measuring progress towards those goals.
Examples of KPIs for a store manager could include sales revenue, customer satisfaction scores, inv...
A store manager is responsible for overseeing daily operations, managing staff, ensuring customer satisfaction, and driving sales.
Oversee daily operations of the store
Manage and schedule staff
Ensure customer satisfaction and handle customer complaints
Drive sales through promotions, marketing strategies, and excellent customer service
Monitor inventory levels and order stock as needed
To improve the store, focus on customer service, merchandising, staff training, and marketing strategies.
Enhance customer service by training staff to be friendly and helpful
Optimize merchandising by regularly updating displays and product placement
Invest in staff training to improve product knowledge and sales skills
Implement effective marketing strategies to attract new customers and retain existing ones
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I applied via Approached by Company and was interviewed before Jun 2021. There were 2 interview rounds.
I applied via Naukri.com and was interviewed before Sep 2020. There were 3 interview rounds.
P&L stands for Profit and Loss. It consists of revenue, cost of goods sold, gross profit, operating expenses, and net profit.
Revenue: the income generated from sales
Cost of goods sold: the cost of producing or purchasing the products sold
Gross profit: revenue minus cost of goods sold
Operating expenses: expenses incurred in running the business
Net profit: gross profit minus operating expenses
Example: A store's revenue i...
Dump & Shrink can be controlled by implementing proper inventory management techniques.
Regularly monitor inventory levels and adjust ordering accordingly
Implement a first-in, first-out (FIFO) system to prevent expired products
Train employees on proper inventory handling and storage techniques
Conduct regular inventory audits to identify and address any issues
Analyze sales data to forecast demand and adjust inventory lev
I applied via AmbitionBox and was interviewed before Aug 2021. There was 1 interview round.
I applied via Referral and was interviewed before Jan 2021. There were 2 interview rounds.
The size of my current store is approximately 10,000 square feet.
The store has a sales floor of 8,000 square feet.
The remaining space is used for storage and office areas.
We carry a wide variety of products, including clothing, electronics, and home goods.
The store is located in a busy shopping center with ample parking.
We typically have 10-15 employees working at any given time.
Apple sells better than Samsung in mobiles.
Apple has a loyal customer base and a strong brand image.
Samsung faces tough competition from other Android phone manufacturers.
Apple's iPhone sales consistently outperform Samsung's Galaxy sales.
Apple's premium pricing strategy also contributes to higher sales revenue.
The size of TV that gives maximum revenue depends on the target audience and the store's location.
The size of TV that gives maximum revenue may vary depending on the target audience. For example, a store located in a college town may sell more smaller TVs to students living in dorms.
The store's location can also play a role in determining the size of TV that gives maximum revenue. For example, a store located in a weal...
I applied via Referral and was interviewed before Dec 2019. There were 4 interview rounds.
To address the issue of declining EBITA and store conversion, focus on improving basic operations and key performance indicators (KPIs).
Ensure basic operations are running smoothly
Identify and address any issues affecting store conversion
Improve IPCm (Items Per Customer) and ATS (Average Transaction Size)
Prioritize staff training and development
Motivate and engage the team to enhance performance
Implement strategies to ...
I applied via Referral and was interviewed before Aug 2020. There were 3 interview rounds.
I applied via Approached by Company and was interviewed before Jul 2021. There were 3 interview rounds.
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I applied via Referral and was interviewed before Nov 2021. There were 4 interview rounds.
Reasoning basic maths aptitude test
I am currently working as a Store Manager at XYZ retail store.
Responsible for managing daily operations of the store
Ensuring customer satisfaction and meeting sales targets
Managing inventory and stock levels
Training and supervising staff
Implementing marketing strategies to increase footfall and sales
Maintaining visual merchandising standards
Handling customer complaints and resolving issues
Analyzing sales data and prepa
based on 4 interviews
Interview experience
based on 95 reviews
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Store Manager
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