My Educational Programs / Sessions @ Cultivate

Measuring and Managing Retail KPIs
Tuesday, July 18 • 8:00 AM - 9:00 AM

With today's POS systems, retailers can generate so much data, but there are a few key performance indicators (KPIs) that you should focus your energy on to be able to manage your profitability. This session will help you understand how to measure and then act upon those KPIs, down to the category level, enabling you to spend your time where it is most profitable.

                



    Timothy Quebedeaux, Owner at Tim Quebedeaux Consulting, LLC  
    After working in Garden Centers for over 20 years, Tim was chosen in 2019 as successor to Steve Bailey, Garden Center Financial Expert. Providing financial management and analysis to Garden Centers, Steve selected Tim as his replacement based on his strength in 'numbers' and his unique ability to relate to Garden Center Owners and Managers through his industry experience.

    With both of Tim’s grandfathers in the green industry – one a farmer and the other a Horticulture Professor, he was destined to succeed in this field. While earning his bachelor’s degree at LSU in Ornamental Horticulture with Mathematics and Psychology minors, he started working at his first Garden Center – Clegg’s Nursery and has never looked back.

    After Graduation, his wife and he moved to Atlanta to start management positions at Pike Family Nursery. They both spent eight years running various stores in the metro Atlanta area while experiencing the transition to Armstrong Garden / Pike Nursery ownership. His next step was back home to Louisiana.

    At Louisiana Nursery, he started managing the POS system and signage programs before being promoted to Operations Manager and then to General Manager. During his time at Louisiana Nursery, they drastically changed the way the company was merchandised and operated. Opting for the more up-to-date open layouts and tighter inventory controls.

    Owner/Manager of Retail KPI, Tim manages of the Weekly Department Review Report for the Garden Center Group which tracks the weekly sales of participating Group centers in 25 categories. This open peer, industry-exclusive allows garden centers to compare their weekly sales, average sale and transaction counts and communicate with reporting centers. Nowhere else in the garden center industry is this service available. The WDR includes a weekly sales analysis – a wrap-up of sales, promotions and weather impact that is used by Group centers to keep their employees in touch with more than just their immediate surroundings.

    Tim also manages The Group's Annual P&L Study, another industry exclusive and the most comprehensive profit and loss study of its kind. While the WDR Report focuses on sales and margins by category and transactions on a weekly basis, the Annual P&L Study includes sales and expenses and compares percent of sales for the garden center to both Best Practices/High Achievers Group – and reporting centers as a whole. This study also includes inventory turns, margin targets by category, and the resulting Gross Margin Return On Inventory Investment (GMROII).




               

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