As we start our series on strategies for product line reviews, we wanted to start where we often start with our customers: the role of the category. Understanding how each category plays a role with the consumer and customer mindset is important in structuring the goals, objectives, and conversation on preparing for a product line review.
Making a Mountain on a Mountain Part 3: Forecasting for Future Success
Infographic: A Different Approach to Comp Shops
Making a Mountain on a Mountain Part 2: Using Sales Analytics to Prepare for the Future
Making a Mountain on a Mountain: Comp Growth and the Challenges from COVID-19
Case Study: A True Partnership Leads to 120% Increase in Profitable Revenue
A Different Approach to Comp Shops
Although it provides an opportunity to be a leader within a category, for many, comp shops are an infrequent undertaking. It’s easy to see how comp shops can become a “fly-by” process. Through a different lens, the frequency, quantity, and quality of data via a comp shop directly relates to the information unearthed and ability to provide valuable category guidance. In this article, we take a look at how comp shops can provide increased value.
Understanding Planograms: How They're Used, Benefits, and Challenges
There are several things the consumer sees after a program is executed: product, pricing, packaging, signage, and 𝗽𝗹𝗮𝗻𝗼𝗴𝗿𝗮𝗺. The latter is an item they see without realizing what they are seeing, and it often pulls a program together. For this reason, we thought we would slow down a bit and focus on the planogram.