Business e-Book Collection September 2013 | Page 10

Improve your layout While working for a large-format retail group, I was involved in the exercise of improving the layout of our stores. This was a massive effort, and involved removing all stock from the shelving, repositioning the shelving, then re-stocking the shelves with a view to maximising space and customer comfort. In most cases, we found that the adjustments meant we could fit 10 to 20 per cent more stock on the floor, and it was easier for the customer to find things, so the revenue of the store also improved as a result. Why is it important to spend time thinking about your layout? Because layout: ? ? ? ? ? impacts on the amount of time your customers spend in your store should influence shopping decisions and add-on purchasing should lead to increased returns on the available floorspace should provide a positive experience for your customers reflects your branding and makes you more memorable Store layout needs to be considered from the perspectives of traffic flow and overall presentation: Traffic flow can be either structured (aisles are set up in such a way that a customer has no choice but to move through in a specific way – think of how Ikea sets up their stores), or free-flowing (most small retail stores are set up this way) Overall presentation needs to take into account: ? ? ? ? commitments to manufacturers; sales figures for individual products; promotions; and seasonal considerations.13 If you work from a home office, you should also consider your layout. You need to have things that you use regularly in close quarters, things used less regularly a little further away, and things used rarely put away, but in places where you can find them when you need them. This improves your effectiveness and efficiency. There are health and safety matters that should be considered when working out store or office layouts. Look into the regulations prior to committing to a particular layout. There are consultants available who can examine your store and produce a potentially more profitable and comfortable layout for your store. 13 https://www.dlsweb.rmit.edu.au/toolbox/retail/toolbox/index.htm?unit_mm/concepts/mmc0104.htm