Floor space management is a simple concept of retail, but at the same time critical and complex for retailers to master. In our today’s retail world, it is a challenge to maximize customer experience and increase sales while reducing overhead.
A well-organized, demand-driven, shopping area increases inventory productivity, improves customer shopping experience, reduces operating costs, and increases the retail store’s financial performance. It also increases the customer loyalty.
How to better allocate space to top-performing product categories, to traffic builders or high-profit products categories, how to better design your store layout according to your customers’ buying behavior, are very important points to consider when talking about space management efficiency.