Provide
Strategic Options for New Retail Concept
Retailer
What we did
Reviewed sales performance of new concept store
vs. established formats
Conducted site checks at new concept stores
Benchmarked perceptions of employees who worked
in the new concept store
Conducted focus groups with consumers who patronized
the new concept store
What we discovered
Consumers did not understand the functionality
of the new retail concept
Store formats and numbers of departments available
to consumers were often driven by the space available in a store
within a store environmentnot by consumer requirements
for shopping the category
Where store formats had required departments,
sales performance was on par
Surrounding retail formats in the store
within a storeenvironment often distracted consumers from
shopping
Strategy
Develop a product and concept review of the
new retail format
Tactics
Defined consumer barriers to use of the new
concept
Recommended short-term tactical strategies
to help overcome usage consumer barriers, including both merchandising
and employee quick-fixes
Developed alternate strategic changes to the
format to overcome consumer barriers long-term
Results
New locations which allowed for full department
availability were the only ones built going forward
Expansion of the new, limited department format
ceased
Operation of the limited department format
eventually ceased as leases expired
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