Retail audit is the study of a selected sample of retail shops, which can be continuous or nonperiodically, to get information about several parameters quarterly. It is carried out to measure the effectiveness, trends in the sale, the volume of sales, stock levels, marketing, and promotion tactics of a particular brand or product in the retail outlet. Thus, the brand/product’s and its competitors’ wellness in the market is revealed, thanks to which the brand can understand its strengths and weaknesses, put forward desirable though feasible KPIs and evaluate whether the strategy works or not within a specific period.