The "80-20 Rule," or the "Pareto Principle" Guides Our Strategies
It is a proven fact that 20% of input drives 80% of output. The exact proportions may vary somewhat, but the principle itself has been proven for customers, marketing decisions, retail products or retail store associates. For example:
| • | 20% of retail customers drive 80% of retail sales |
| • | 20% of retail product categories produce 80% of retail sales. |
| • | 20% of marketing & management decisions impact 80% of results |
| • | 20% of retail customers deliver 120% of retail profits |
| • | 20% of retail store associates produce 80% of store sales |
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