Sales & MarketZing !

The total catchment area , of a store is an useful information to have before deciding a store location and post store opening marketing energies focus .The catchment analysis is usually done to study the profile of consumers likely to visit in terms of income profile , current shopping destinations and the likely visit to the new store , based on that make some sort of business predictions and also useful in the " yes " or " no " decision . Generally it could be considered that major retailers like department stores, furniture warehouses would be destination sites. These sites could attract people from greater distances because the items are not common purchases, are expensive or provide the opportunity where a number of purchases can be made from the one location. For these destination sites it is possible for consumers to travel 10 or more kilometers. The way to find the catchment spread is too have a robust loyalty program which captures the pin codes of consume...

New to Indian retail industry or contemplating an entry , then here is what you should know to get over the jargon shock !!:: here goes , the A B C of retail :: Catchment ::The area /zone of the city from which the customers come into for shopping from a particular store , catchment analysis pre launch would ideally decide the product mix and formats of the stores , catchment analysis done after a time gap of launch would also give a correct picture of whats happenng and where to concentrate ur Mktg energies to get more walk ins ! Cash memo size :: CMS = total sales for the month /no of bills generated in the month UPT :: Units per transaction , would give you a fair idea on to how customers are buying more of your products , per person or less per visit , UPT = No of bills generated in a month / total bills generated in the month , the higher trending of UPT with a distinct increase in cashmemo size is a healthy indicator of business .as UPt can be taken up by increase low value sale...