Ask yourself these
THREE questions
Are you overstocked?
Are the right products being offered in-store?
Are products allocated the correct space
in-store?
We know what it takes to develop a retail business strategy that will guarantee a solid foundation for the future growth of your Retail Business.
The outcome of this analysis would be improvements or changes we think could be made to the value of stock holding to achieve sales.
We’ll estimate demand for specific products using our sales forecasting tool. This will help you minimise your risk and maximise your profit.
OUR SERVICES AND EXPERTISE
Initial Analysis
Review/forecast of key metrics (Gross Profit, Unit Sales Ave Price) detailing income and stock by product type, highlighting opportunity and risks.
Strategic Allocations of Stock to Stores
Fulfilling the flow of stock by Category by store in the correct mix to maximise sales and minimise redundant stock.
Hierarchy review
Review of effective grouping/classification of products defining the relationship and volume/value of each group in the product matrix.
Business Plans
Summary of financial objectives of a business including income, expenses, profit and cashflow.
Store Viabilities
Determine the profitability of a location to sustain itself over the period of lease.
Seasonal Plans
Review + forecast of sales/stock over a period. Including the wedge of true product (weather/timing dependant).
Assortment Planning
Matrix of key product criteria and attributes to fulfil the OTB.
Location Planning
Category Plan by store using historical criteria for forecasts.
Category Plans
Sales flow and OTB
(Open to Buy)
Don’t take our word for it…
“Retail Detail has provided us with the perfect one-stop solution at an affordable cost to our business. Their wealth of experience and attention to detail have not only made a huge contribution towards the success of our first brand store but also given us the confidence to expand our retail footprint.”
“Retail Detail’s business partner mindset and industry expertise have solidified our stock planning, month buying, Financial P&L by store planning, staff recruitment, training and procedures. By finding gaps before we do and incorporating a more scientific approach, our business has grown exponentially.”
