STORE PLANNING - Introduction and Components

So what is store planning?

Yes, as the name suggests it is a process of designing and optimizing stores.

Imagine walking into your favorite store, and everything you need is right where you want it.
That's store planning in action!

Components of store planning:

- To memorize the components of store planning, we can use acronym - "SPACE"

• S: Store Layout and Design
• P: Product placement
• A: Atmospheric Elements (Visual Merchandising)
• C: Customer Flow
• E: Efficient Inventory Management