Introduction Items within a store do not exist within a vacuum. There are correlations both subtle and overt between various products within a section but also between their placement, reach and visibility. Understanding these dynamics is essential for any section manager to make effective decisions. But in order to capture both the subtle and overt
Today more than ever it is important to create retail spaces that are designed in a way that is not only safe, but promotes a hassle-free and enjoyable experience. Whilst the essence of a retail space is to sell, the goods and services aren’t always a necessity and as such, in many cases shoppers need
Following the news that the UK’s most iconic luxury department store Harrods, is axing nearly 700 jobs in a bid to cut down on costs after being hit hard during the pandemic, Andy Barr, retail expert and co-founder of online price tracking website www.alertr.co.uk, commented: “It seems the big-name stores are taking the biggest hit during
Walgreen Stores in Lexington Park, MD. Source: Walgreens Walgreens has rolled out a new kind of store that shrinks down its square footage and focuses on the pharmacy. Expect to see fewer front-of-store items, a slimmed down selection of over-the-counter medications and an emphasis on relationships between pharmacists and customers. It has opened more than
A Burger King sign outside a restaurant in Glendale, California. Robyn Beck | AFP | Getty Images Burger King’s U.S. same-store sales are trending flat as customers return to its locations for Whoppers and french fries. The Restaurant Brands International chain saw its same-store sales plunge by the mid-30s in March as the coronavirus pandemic led
If you are thinking about putting a team member at the front of your store to measure occupancy, please don’t.
May 15 2020 Lauren Bitar Director, Retail Consulting As retailers figure out solutions to monitor store occupancy, it is important to understand the implications of the current fix of manual counting. Here are my thoughts on occupancy analytics in the time of COVID-19. Occupancy, the must-have data in the time of COVID-19 The worldwide economy