conversion in retail stores

How to Create a Fair Performance-Based Pay Model in Retail

Key takeaways Most retail comp rewards looking busy over producing, largely because the data under the plan is dirty Performance-based pay rewards verified output: each rep's customer-only traffic and actual conversion, not proximity or tenure. Clean, rep-level data protects your best people and boost business: $8,247 GP/store/mo in one case Performance-based pay in retail only works if you can...

conversion in retail stores

Conversion in Retail Stores: Why Rep-Level Visibility Is the Missing Link to Higher Profits

When did you last look at your store’s conversion rate and know which rep drove the sale or lost it? That’s the problem. Retailers are tracking conversion in retail stores at the store level, but not at the rep level, leaving tens of thousands of dollars in lost profit every month. Storewide numbers are helpful, but they...