article thumbnail

Steps for Choosing and Implementing Retail Store Planning Software

Retail Focus

Without structured planning, retailers risk stockouts, overstocking, and suboptimal product placement, leading to lost sales. Retail store planning software addresses key challenges such as inefficient space utilization, inconsistent merchandising execution, and poor inventory visibility. Improve planogram consistency?

Planning 130
article thumbnail

New Kohl’s CEO Lays Out Turnaround Strategy Following Disappointing Q4

Retail TouchPoints

In his first earnings cycle at the helm , Kohls new CEO Ashley Buchanan laid out his plan to turn around the embattled company, which has struggled for years to return to a position of strength while fending off activist investors. I just knew that we could do better. And I think the customers expect us to be better.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Tractor Supply Grows Long-Term Store Goal to 3,200 Locations

Retail TouchPoints

plans to open approximately 100 new stores in 2025 as it moves toward its eventual goal of operating 3,200 locations 200 more stores than its previous target as part of its Life Out Here 2030 strategic vision. increase compared to the same period the previous year, with comparable store sales declining by 0.2%.

Location 277
article thumbnail

Ikea’s US expansion plan: New stores, lower prices and a major NYC flagship

Inside Retail

Since entering the US 39 years ago, Swedish furniture giant Ikea has come to dominate the furniture and home goods market with its wide array of accessibly priced products, unique store layouts and dedication to providing top-tier customer service. Whats next in store for Ikea? per cent in the past five years.

Planning 130
article thumbnail

How Flying Tiger aims to compete in Australia with playful, affordable design

Inside Retail

Flying Tiger Copenhagen has officially landed in Australia and is bringing its signature maze store layout and playful seasonal products with it. The first two stores will open in Sydneys Stockland Shopping Centres before adding three further stores in New South Wales to its bricks-and-mortar network in 2025.

article thumbnail

How to Open a Retail Store: Essential Checklist for Success

Small Biz Trends

Solid Business Plan: A well-structured business plan outlines your goals, unique selling propositions, and operational strategies to guide your retail startup. Effective Store Layout: Designing an inviting store layout with strategic product placements enhances customer experience and increases sales.

article thumbnail

What Retail Can Learn from Data-Driven Industries: Smarter Decisions Through Analytics

Retail Focus

Knowing how someone shops, where they pause, and what they don’t buy can help shape better store layouts, product placement, and even staffing levels. Inventory planning can shift from reactive to informed. Design teams can track which areas of a store hold people’s attention longest. Not everything has to change at once.