Return on floorspace crucial in retail

With retail tenancies in shopping centres costing between $500 and $1,500 per square metre for the independent retailers we serve – jewellers, newsagents, gift shops and bike retailers – managing the return on floor space is crucial. Our software helps retailers track this return – by department and category. This is achieved by measurement of space allocated and entering this into the software. Our point of sale software does the rest, easily reporting on return on floor space over any period of time selected.

Our reporting helps retailers easily watch the categories which are challenged as well as track the impact of changes made in the business.

Smart reporting like this, on floor space, is another way the Tower Systems retail management software focuses on the outcomes which are important to retailers.

The value of a retail business is determined by what it makes.  Tower Systems’ reporting facilities help business owners make better decisions, maximise return and thereby achieve a better exit price.  It all comes down to business performance and this is only as good as the decisions made … hence the importance of good reporting.

Leave a Reply

Your email address will not be published. Required fields are marked *

Reload Image