Assortment planning during Covid-19: Once you create store clusters for your retail business, assortment planning is the next step.This also helps to prevent slow-moving or dead stock by selling products in each store cluster based on past sales reports and data. It also determines which clusters attract the most customers, namely, economy, mid-tier and premium shoppers. By clustering in this way, retailers can make certain significant changes to specific clusters to improve retail business. For instance, the location of stores, their size, and target customers. Store clustering during Covid-19: Store clustering helps group your retail stores based on similar aspects.As an FMCG retailer, you can overcome merchandising challenges with effective store clustering, assortment planning, planogram development, and store layout. But, due to the hit of Covid-19, it has become difficult for the retailers, especially the FMCG stores and categories, to sell the items effectively.
When we think of improving retail business, planogram software is the best solution for any retailer from start to end to increase profit.
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