Space Optimization

Big box retailer tailors and localizes assortments based on consumer segment insights and advanced analytics.

Retailers can optimize their sales by using space planning and allocation tools to create more localized product assortments. Download this Retail Solutions Brief to learn how.

2007 was not a banner year for retail. Many companies downsized and news reports were filled with stories of poor sales and slow traffic. Despite these odds, some mid-size chains were ingenious enough to enact winning formulas.

Sprouts Farmers Market uses space planning to improve inventory management.

By August 2011, discount retailer Family Dollar plans to open 300 new stores and launch a comprehensive renovation program on 600 to 800 of its existing locations, at a projected cost of $100,000 to $130,000 per store. Product assortments and store layouts will become more customer-focused, signage will be simplified, and the retailer will leverage its upgraded store technology platform to expand employee training and invest in new workflow management tools.

RetailTactics releases the commercial version of RightSpace, its software solution developed in conjunction with supermarket retailers and CPG manufacturers.

10 Illustrious Business Leaders Transforming Retail

Walgreen has targeted 5,500 stores for its 'Consumer-Centric Retailing' renovations, encompassing not just the physical look and layout but the product assortment, categories and product adjacencies. Average cost: $50,000 per store.

Giant Eagle chooses Galleria to enhance assortment planning and optimize space.

The retailing industry's largest retailer reported a string of recent victories and new IT initiatives aimed at driving growth at a blistering pace in 2010. Hitting on all cylinders, the giant from Bentonville flexes its muscles by creating global.com, restructuring Walmart.com, racking up big gains through Project Impact, and starting a new round of IT investments in areas it calls "transformation projects." Find out where Walmart is heading in 2010 and what it means for the rest of the retailing industry.

Sophisticated databases and analytical tools have become mainstream retail weapons to help retailers make smarter decisions.

Aldata adds space and assortment optimization products to G.O.L.D. Retail Suite.