Incorporating inferences derived from foot traffic analysis of a site location can help retailers develop a comprehensive framework to drive profitability. Footfall or foot traffic patterns of a street are a key aspect to the success of a retail store. While high footfall on the street is an indicator of anticipated success, the characteristics of […]
Expanding a business requires the implementation of retail expansion strategies to naturally grow a company. But, it can also be full of challenges. A business can avoid the perils of failure by avoiding common pitfalls and taking practical steps. Understanding the factors responsible for a successful retail expansion helps reduce gut-based decisions and the break-even
The importance of location in determining the success of a retail store cannot be underplayed. The perfect retail location requires the smooth operation of multiple variables, but the failure of a store can sometimes be attributed to a single factor. To ensure that your next retail location is the perfect one, you will need to
Like any other business, for a fitness brand growth is dependent on being accessible to the right audience on the right street across multiple cities. Apart from this. there are multiple concerns for a fitness chain to address while opening new fitness centers, some of which are: For a major fitness brand in India, GeoIQ
The success or closure of a retail store is an intricate interplay of various elements, demanding a comprehensive understanding of consumer behavior, economic trends, technological advancements, product-market fit, and more. The surge in retail closures is not a matter of mere chance. Comprehensive data analysis points to four primary contributors: poor location selection, brand cannibalization,
“Don’t go offline when you want to, go offline when your users want you to!” The internet has transformed the business of Direct-To-Consumer (DTC) brands thanks to increasing digital penetration. This has led to the adoption of digital payment methods, an increase in market awareness of consumers, and the rise of hyperlocal businesses. The confluence
