Retail Head

Retail Head Interview Questions and Answers

Updated 31 May 2023

Q1. Whats the average monthly turnover of your business?

Ans.

Our average monthly turnover is $50,000.

  • Our business generates a steady income of $50,000 per month.

  • Our turnover varies depending on the season and promotions.

  • We have seen a 10% increase in turnover since last year.

  • Our turnover is in line with industry standards.

  • We are constantly looking for ways to increase our turnover.

Q2. Types of fabric how to handle customer how to manage team

Ans.

Handling different types of fabric, managing customers and leading a team requires expertise and skills.

  • Understand the properties of different fabrics and how to care for them

  • Listen to customer needs and provide personalized recommendations

  • Train and motivate team members to provide excellent customer service

  • Delegate tasks effectively and communicate clearly with team members

  • Handle customer complaints with empathy and find solutions to their problems

  • Stay up-to-date with indust...read more

Q3. How do you prepare budget and incentive plans?

Ans.

Budget and incentive plans are prepared by analyzing past performance, setting achievable targets, and aligning incentives with goals.

  • Analyze past performance to identify areas of improvement

  • Set achievable targets based on market trends and company goals

  • Align incentives with goals to motivate employees

  • Regularly review and adjust plans as needed

  • Communicate plans clearly to all stakeholders

Q4. Whats the volume of business you are handling?

Ans.

We are handling a high volume of business, with consistent growth year over year.

  • Our current annual revenue is $10 million

  • We have seen a 15% increase in sales over the past year

  • We have expanded our product line to meet customer demand

  • We have opened two new locations in the past year

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Q5. How do calculate P&L?

Ans.

P&L is calculated by subtracting total expenses from total revenue to determine net profit or loss.

  • Total revenue is the sum of all sales and other income.

  • Total expenses include all costs incurred in running the business.

  • Net profit or loss is the final result after subtracting expenses from revenue.

  • P&L statement is also known as income statement or statement of operations.

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