How can you use past sales data to predict future retail performance?
Understanding the importance of historical sales data is crucial for predicting future retail performance. By analyzing past sales, you can identify trends, patterns, and customer preferences that are likely to continue. This data provides valuable insights into which products are top sellers, which promotions were most effective, and what times of the year yield the highest sales. With this knowledge, you can make informed decisions about inventory management, marketing strategies, and sales forecasting, ultimately helping you to optimize your retail operations and improve future performance.
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Shubham ChandrakarReliance Store Manager with MBA in Marketing and expertise in Sales, data analysis and team management.
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Nitish SharmaInventory Analyst, Cognizant (APAC) Top Voice- Inventory Management & Control Planning & Scheduling, Inventory…
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Sunil Kumar JainHead Operations - Logistics, Materials & Warehouse Management