Lecture 5
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Transcript of Lecture 5
![Page 1: Lecture 5](https://reader033.fdocuments.net/reader033/viewer/2022061200/5475c776b4af9f8e058b456b/html5/thumbnails/1.jpg)
Store planning : design and layout
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Location planning : types of locations
High street location : Very busy with large customer traffic Have store that are generally found in
clusters High real estate rentals
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Location planning : types of locations
Destination / free standing location : May not be commercial retail area at all Does not have high footfall rate ( customer
traffic needs to be pulled in through the store’s marketing efforts or product/ service / process )
Low real –estate rentals May have large parking area
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Location planning : types of locations
Shopping center / mall location : Has existing mall traffic Has a clean environment Has a designated parking area Medium to high rental cost
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Site selection
Address of the propertyDetails of adjacent occupants –north ,south , east , westCan the site be used commercially Name and address of the title holder All taxes paid up to date Is the site free of civil suit When was building constructedTotal number of floorsOther prominent facilities nearby Parking space availability Revenue details
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Store design and the retailing image mix
Employee type and density Merchandise type and density Fixture type and density Sound type and density Odour type and density Visual type and density
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Store design and the retailing image mix
Employee type and density : Speciality stores sales man VS
departmental store sales man
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Store design and the retailing image mix
Merchandise type and density : Super market : very dense merchandise Boutique : low density
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Store design and the retailing image mix
Fixture type and density : Café : trendy interiors , beauty parlour
extensive wood work Sound type and density : Music played in 5 star hotels VS cafes
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Store design and the retailing image mix
Odour type and density : Odour in Cafes VS odour in jewellery shop Visual type and factors : Depends on : Shades used Lighting Display Interior design
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The space mix
For retailer space is money Objective is to optimize the selling area And minimize the non selling area Selling area 60 % , circulation area 15%
and back area 25 % Different stores have different space mix : Garment shop VS departmental store VS
convenience store
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Effective retail space management It enables smooth and efficient customer flow into store
and within it It helps customers to reach and access the required
merchandise easily Helps create a feeling of comfort in the minds of the
customers The aesthetics are a visual treat for the customers and
trigger the come back feeling band he feels a sense of belonging
well laid out floor helps the store bto sell more effectively and retain customers
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Store layout : the circulation plan ( the silent guide )
Main aisle side aisle ( side roads )
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Store layout : the circulation plan ( the silent guide )
Free flow circulation Grid circulation Race track circulation Herringbone circulation Spine circulation
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Space audit : non treaded space and black holes
Hot spot analysis : Place where the off take of merchandise is
the highest Warm spots and cold spots Non treaded space : Where there is no customer traffic Efficiency of selling apace to non
selling space
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Parameters to judge space performance
Sales output and ensuing margins Sales per square foot sales volumes Space productivity : stock holding per
square foot Margins per square foot
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VISUAL MERCHANDISING AND
DISPLAYS
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Visual merchandising
Visual merchandising enhances shopping experience
As a communication tool
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Presentation in visual merchandising
Theme display Lifestyle display Coordinated displays Classification displays
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VM helps in buying decisions
Attention Interest desire Action
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Store atmospherics
Exteriors Signage interiors / layout
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Shop displays
Window displays : €xclusive windows ( with back drops ) open window ( with out back drops )
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Shop displays
Live displays Marquee displays Free standing or island displays Counter displays End cap displays Cascade / waterfall displays
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Role of VM
Visual merchandisers role include : planning VM theme and creating displays Arranging props for display Arranging display fixtures and lighting Setting stores before opening Training store personnel to create displays Organising merchandising units such as racks
and shelves