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 […]
A Brief About the Kitchen Appliance Chain In this case study, we are considering the expansion requirement for a company that has leveraged its traditionally strong presence in the kitchenware industry to reimagine itself as a kitchen appliance company catering to a new audience. After being listed on the NSE, the brand leveraged its traditionally
For retail brands setting up their offline presence, the cost of setting up a store is enormous. The huge capex and the monthly recurring opex keep piling on every month and with each store opened. When the brands lack a strategic approach to retail expansion, the chances are higher for this cost to negatively impact
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,
