What is Bassett Furniture Industries Average Sales per Sqft?
Average Sales per Sqft is a retail store’s average revenue for every foot of the store. A higher average sales per square foot indicates more efficient operations and thus, high profitability.
The historical rank and industry rank for Bassett Furniture Industries's Average Sales per Sqft or its related term are showing as below:
BSET's Average Sales per Sqft is not ranked *
in the Furnishings, Fixtures & Appliances industry.
Industry Median: * Ranked among companies with meaningful Average Sales per Sqft only.
Bassett Furniture Industries Average Sales per Sqft Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
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Bassett Furniture Industries Average Sales per Sqft Chart
Competitive Comparison of Bassett Furniture Industries's Average Sales per Sqft
For the Furnishings, Fixtures & Appliances subindustry, Bassett Furniture Industries's Average Sales per Sqft, along with its competitors' market caps and Average Sales per Sqft data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Bassett Furniture Industries (NAS:BSET) Average Sales per Sqft Explanation
Average Sales per Sqft is a retail store’s average revenue for every foot of store space, including non-selling areas such as stock rooms or receiving areas. It tells us how efficient the retailer is with the use of sales space, allowing the retailer to make smarter merchandising, inventory, and sales decisions. A higher sales per square foot indicates more efficient operations and thus high profitability.
The formula of calculating Sales per Sqft is total in-store sales divided by selling area in square feet. When calculating a store’s Sales per Square Foot, the non-selling areas of the store, such as stock rooms or receiving areas, need to be excluded.
The difference between Average Sales per Sqft and Sales per Sqft that in the calculation of Average Sales per Square Foot, the non-selling areas of the store, such as stock rooms or receiving areas, need to be included.
Retailers can increase the average sales per square foot by improving the store layout, having a winning product assortment, optimizing prices and increasing per transaction value.
Bassett Furniture Industries Average Sales per Sqft Related Terms
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Bassett Furniture Industries (Bassett Furniture Industries) Business Description
Bassett Furniture Industries Inc is a manufacturer, importer, and retailer of home furnishings products in the United States. It operates through the following segments: The Wholesale segment focuses on the design, manufacture, sourcing, sale, and distribution of furniture products. The Retail segment consists of company-owned stores.
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