Retail Statistics

Retail statistics refer to the collection and analysis of data related to the sale of goods and services to consumers. They help retailers understand customer behavior, sales trends, inventory levels, and market performance. By examining this data, businesses can make informed decisions about inventory management, marketing strategies, and store operations. Retail statistics can include metrics like sales revenue, foot traffic, average transaction size, and product popularity. Overall, they provide valuable insights that enable retailers to optimize their operations, enhance customer experience, and increase profitability.