Definition and Formula
Definition and Formula
ChatGPT
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Formula:
Number of Items on Shelf
OSA = ( ) × 100OSA=(Total Number of Items ExpectedNumber of Items on Shelf
Total Number of Items Expected
)×100
Definition: Dormancy in retail refers to the length of time a product remains unsold on the shelf. It
indicates how long inventory has been inactive, which can affect stock turnover and freshness.
Formula:
Dormancy = Current Date − Date of Last SaleDormancy=Current Date−Date of Last Sale
Definition: This metric compares the sales of stores that have been open for a specific period (usually a
year or more) to the previous period, providing insight into performance without the impact of new store
openings.
Formula:
Sales of Comparable Stores this Year−Sales of Comparable Stores Last Year
Comparable Store Sales Growth = ( ) × 100
Sales of Comparable Stores Last Year
Comparable Store Sales Growth=
(Sales of Comparable Stores Last YearSales of Comparable Stores this Year−Sales of Comparable Stores Last Year
)×100
Formula:
Shelf Space for Product
Shelf Space Share = ( ) × 100Shelf Space Share=
Total Shelf Space
(Total Shelf SpaceShelf Space for Product)×100
Definition: This measures the percentage of available space in a particular section of a store that is
occupied by products. It helps assess the effectiveness of space utilization.
Formula:
Occupied Space
Occupancy Rate = ( ) × 100Occupancy Rate=(Total Available SpaceOccupied Space
Total Available Space
)×100
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6. Backorder Rate
Definition: The backorder rate measures the percentage of orders that cannot be filled at the time of
purchase and are instead placed on backorder.
Formula:
Number of Backorders
Backorder Rate = ( ) × 100Backorder Rate=(Total OrdersNumber of Backorders)×100
Total Orders
7. Order Status
Definition: Order status refers to the current stage of an order in the fulfillment process, such as
pending, shipped, delivered, or canceled. It helps in tracking and managing customer orders.
Definition: This metric evaluates the percentage of orders that are delivered without any issues (on time,
complete, and undamaged).
Formula:
Number of Perfect Orders
Perfect Order Rate = ( ) × 100Perfect Order Rate=
Total Orders
(Total OrdersNumber of Perfect Orders)×100
Definition: This metric counts the number of times product detail pages are viewed by customers,
indicating interest and potential for conversion.
10. Basket to Detail Rate (Cart to Detail Rate) and Buy-to-Detail Rate
Definitions:
Basket to Detail Rate: The percentage of users who add a product to their cart after viewing its
detail page.
Buy-to-Detail Rate: The percentage of users who purchase a product after viewing its detail page.
Formulas:
Buy-to-Detail Rate:
Purchases
Buy-to-Detail Rate = ( ) × 100Buy-to-Detail Rate=(Product Detail ViewsPurchases
Product Detail Views
)×100
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09/10/2024, 23:33 ChatGPT
Formula:
Carts Created−Completed Purchases
Cart Abandonment Rate = ( ) × 100Cart Abandonment Rate=
Carts Created
(Carts CreatedCarts Created−Completed Purchases)×100
Definition: A report that evaluates how well a list of products (e.g., in a category or collection) is
performing in terms of views, clicks, and conversions.
Formula:
Number of Clicks
CTR = ( ) × 100CTR=(Number of ImpressionsNumber of Clicks)×100
Number of Impressions
Customer Retention: The percentage of customers who continue to do business with a company
over a given period.
Positive Reviews: Reviews that reflect a favorable opinion about a product or service, contributing
to customer trust and brand reputation.
Definition: Shopper dwell time is the amount of time a customer spends in a store or on a specific
product page, indicating engagement and interest.
These definitions and formulas should provide a comprehensive understanding of each term related to
retail and e-commerce metrics!
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