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Reduce out-of-stock events in cannabis retail with Headset Bridge
Did you know that the median retailer connected to Headset Bridge had 19.6% fewer out-of-stock events than the median non-Bridge connected retailer in 2021? This translates to nearly $131,000 in savings per year. Read how two companies are seeing these benefits play out in real-time.
*Out-of-stock events defined as a product-calendar day combination in which a product had a stock of 0, but where that product was sold at some point before and after that date.
Track cannabis sales and market performance
Key metrics defined
These six key metrics from the previous month will provide you with a pulse check on legal cannabis markets. Below, you'll find data on year over year growth, basket size, and more.
Total Sales
Total monthly sales for the previously completed month.
YoY Sales Growth.
Year over year growth of sales (For example, November 2022 compared to November 2021).
Avg Item Price
The average price of a cannabis item in the most recently completed month.
Avg Basket Size
The average size (in sales $) of a retail basket in the most recently completed month.
Median Store SKU Counts
The number of distinct SKUs sold in the median store in the most recently completed month. Median was used instead of an average to remove the effects of outlier stores.
MOM LSSG
Median store Like-Store-Sales-Growth MoM - The month over month growth in sales for the median sample store (for example, January 2022 vs. December 2021). “Like stores” are filtered to exclude any newly opened stores or recently disconnected stores.
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