The Conv and Average ticket Size makes all the difference that a Retailer needs to achieve his sales Targets.
Conv%= (Total No.of Bills X 100)/Total Footfall
ATS= Total Sales/Total No. of Bills
ATS varies from market to market and store concept to concept. In a lifestyle store the ATS may range above 2000 whereas a value stores ATS may range above 500, as per the local market and ASP (Average Selling Price) of products catered.
Whereas, Conversion depends on the service thus provided and ASP. For example, if a retailers service provided is good and his impulse item stocking is high, which have a very low price range, then his conversion percentage can be as high as 90+%.
Conv%= (Total No.of Bills X 100)/Total Footfall
ATS= Total Sales/Total No. of Bills
ATS varies from market to market and store concept to concept. In a lifestyle store the ATS may range above 2000 whereas a value stores ATS may range above 500, as per the local market and ASP (Average Selling Price) of products catered.
Whereas, Conversion depends on the service thus provided and ASP. For example, if a retailers service provided is good and his impulse item stocking is high, which have a very low price range, then his conversion percentage can be as high as 90+%.
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