Is your store tired? Are you are looking to lose market share because a Walmart just opened close to you and a Whole Foods is planning to open in 6 months down the street? Yes, it is an intense market we live in.
You then ask yourself, is it time to protect your market share? Is it time to remodel your unit because it has been 15 years since the last upgrade?
Are you a second or third generation owner and the infrastructure that was in place to support this ideal of upgrading no longer exists because that was in place during your Father’s Day? Where do you get started?
SKY +CDS can help.
There is so much to understand, review and see. There are some basic steps to take so you can make sure you are not wasting resources. A few to start with are:
· Have you done current consumer research and a competitive analysis? If not, you should.
· Do you understand your ROI? You do not want to spend too much and not get that return on investment.
· Do you have a good position with your landlord?
· Do you have a Brand Platform that is worth leveraging or is it time to take another look at it?
· In your store, do you provide a relevant shopping experience?
· Do you have a trusted team selected to see you through all of the questions that need to be answered?
These selected points above are only a fraction of what you will face as you step into the throes of a remodel / upgrade to your grocery store. On average, we have seen a rise in revenue starting at 6% and as high as 40% after the remodel. Sure, you will have a leveling off as you progress, but establishing a new way to go to market will give you the opportunity to earn new customers and in turn they will tell their friends. There are great possibilities -- you can see where this is headed.
More importantly, and in most cases, you need to do this to protect what you have and lay a stance for a younger client base that has a healthy future ahead of them. Create a sustainable platform that will carry on for years.
If you plan on remodeling and would like to understand more of the steps we can help. Or, if a remodel best suit you and your retail operation, let’s talk.
Ready to remodel and want to learn more about creating an effective fixture plan? Contact us today!
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