Retail Executive Interview Questions and Answers

To grow company sales, focus on expanding customer base, increasing average transaction value, and improving customer retention.

• Implement targeted marketing campaigns to attract new customers

• Offer upsells or cross-sells to increase average transaction value

• Provide excellent customer service to improve customer retention

• Utilize data analytics to identify trends and opportunities for growth

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 companies set and achieve goals, measure progress, and make informed decisions.

• Examples of KPIs include sales growth, customer retention rate, inventory turnover, and employee satisfaction.

• KPIs should be specific, mea...read more