“We put this in, a dashboard, like a dashboard that can be monitored all the time to say how these things are going”
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Said on The GovCon Room
Megan Pate · Marketing ATM · Shower Thoughts, Pronunciation Merch & A Love Affair with Art
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Uses Store Hero dashboard to monitor e-commerce numbers in a low-touch way for profit and contribution margin decisions
“We put this in, a dashboard, like a dashboard that can be monitored all the time to say how these things are going”
“You’re four times more likely to convert in-store. E-commerce conversion rates sit around 2-3%, whereas in-store should be 25%-30% of foot traffic.”
“If companies have sales overshoots or undershoots, a very high incremental margin relative to a lower stated margin can cause a big profit beat or a big profit loss.”
“Number one is accountability, really. Know who's making the decision. Have someone designated to make decisions.”
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