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plans to open approximately 100 new stores in 2025 as it moves toward its eventual goal of operating 3,200 locations 200 more stores than its previous target as part of its Life Out Here 2030 strategic vision. increase compared to the same period the previous year, with comparable store sales declining by 0.2%.
If you’re a retail business owner managing multiple retail stores, keeping your eye on the prize might be challenging. Understanding how your shops perform in terms of inventory and ROI is essential to the success of any multi-storeoperation. The post How Do You Manage Multiple Retail Stores? Start with: 1.
Amazon is bringing its Amazon Go convenience store format to the suburbs with the launch of a location in Mill Creek, Wash. The retailer also is planning an Amazon Go location in the Los Angeles metro area. The larger size won’t be a challenge: in early 2020, Amazon opened a 10,400-square-foot cashierless grocery store in Seattle.
Foot Locker has unveiled its new store format, which includes a communal sneaker try-on area to facilitate “sneaker culture” conversations and technology that provides store associates with omnichannel inventory availability data. The retailer plans to use learnings from this store, located in the Willowbrook Mall in Wayne, N.J.,
Circle K will pilot a touchless autonomous checkout solution in one of its Phoenix locations and plans to add the technology to other store locations. In the pilot store, shoppers can pay via a smartphone app for a completely touchless experience, or pay with cash or a card at a kiosk or traditional POS station.
The new design, which features a more open layout and localized elements, will also be incorporated into future remodels across the chain. The first new store concept recently opened outside of Houston, and Target plans to utilize the format in half of the 200 store remodels and almost all of the 30 new storesplanned for 2023.
Some, like Target, are expanding their footprint with larger stores, while others, such as Sprouts Farmers Market, are doubling down on the small format. As retailers diversify their real estate portfolios to adapt to changing consumer demands, managing in-store brand experiences across various formats becomes increasingly challenging.
Typically, visual merchandisers (VMs) tend to work in Excel spreadsheets — a manual, time-consuming process that makes it difficult for store employees to fully visualize the storelayout. Using the IWD Display solution, VMs can build out 3D models of Vans’ stores to use for monthly and seasonal planning.
Rising to the occasion will require careful consideration of both storelayouts (to keep the experience orderly and pleasant) and customer service (to minimize frustrating friction). “It’s There needs to be an up-leveling of the communication skills and customer-facing behaviors for sales associates.
Sadly, in addition to imagining how people will shop the store, designers need to think harder about how they might steal from it, too. That means asking questions like: What more can be done to deter theft using storelayout, customer flow, shelf height, mirrors, lighting and the placement of gondolas, merchandise and security cameras?
While the report primarily focuses on how AI can optimize storelayouts and marketing strategies, there is an underlying message on data security. The report discusses how digital solutions like AI and machine learning not only enhance operational efficiency but also fortify cybersecurity measures.
We will see store closures and rationalized footprints. Strategic thinking and forward planning in this new environment will need to actively engage tools that boost confidence in decision-making and provide enhanced odds that single out successful ROI efforts. Layout And Merchandising Strategies.
Even the best business plans expect some bumps along the road: financial insecurity among consumers, supply chain complications, a shortage of labor or reduced in-store traffic. The in-store experience remains a crucial part of consumer expectations.
Foot traffic data can also be leveraged to optimize storelayouts. By tracking customer movement within a store, retailers can strategically place products to increase visibility and sales. Observing where customers linger and where they pass by can also inform decisions about product placement and storelayouts.
Shoppers have slowly begun to accept brick-and-mortar’s return: 22% have increased their willingness to set foot into a grocery store or pharmacy since March, according to data from Resonate. Only 24% planned to increase their online grocery orders in June, while 12% are starting to decrease their online grocery usage.
Forrester and Shopify found that more than half (54.5%) of holiday 2022 shoppers planned to visit brick-and-mortar stores for this reason. A positive experience in the store can lead to a purchase during the visit or online after the visit, while an underwhelming experience represents a missed opportunity.
Assortment planning in the age of eCommerce is a tricky business. In this article, we’ll look at what assortment planning is and how you can do it effectively. What is Assortment Planning? In retail, assortment planning is the process of determining the right products and right quantities to meet consumer demand.
Common Issues With Planogram Compliance One issue that brands often see when it comes to planogram compliance is inconsistent implementation across various store locations. 1: Regular Audits Conducting regular in-store audits allows brands to physically verify that stores are adhering to the plannedlayouts.
This method can be better than a public crowd who may have a shorter attention span or be unable to answer more complex questions about your store. . All storeoperators and brands need access to actionable in-store KPIs. Retailers have a merchandising plan with seasonal refreshes, fixtures, and planograms to abide by.
StoreOperations & Staffing Analyzing traffic data enables the storeoperations team to optimize staffing according to peak and slow hours to create optimal customer experiences and increase conversions and sales. Merchandise PlanningPlanning retail merchandising can make or break a brand.
At Eckerd, Vasos rose quickly through storeoperations ranks from assistant store manager to store manager, district manager and regional manager before joining Phar-Mor Food and Drug Inc., where he led the operations teams and later served as a merchant. In 2001, Vasos joined Longs Drug Stores Corp.
Adopting traffic counting technology for your physical location is a smart move if you own a retail chain, manage a store, operate a mall, or operate an entertainment venue. With enough data, you can optimize your staff and storelayout to save on energy costs.
From the art of visual merchandising (VM) to the subtle science of storelayout, many of the best decisions were historically guided by experience, gut instinct and the occasional stroke of genius. A quick VM or storelayout adjustment could fix what might otherwise remain a mystery.
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