Retail Management

5.

Retail Location Strategy

5.1.

Importance of Location

5.1.1.

Impact on Sales

5.1.2.

Accessibility and Visibility

5.1.3.

Proximity to Target Market

5.1.4.

Competition Considerations

5.2.

Types of Retail Locations

5.2.1.

Central Business Districts

5.2.1.1.

Advantages and Disadvantages

5.2.1.2.

Foot Traffic Patterns

5.2.1.3.

Parking Considerations

5.2.2.

Shopping Centers and Malls

5.2.2.1.

Regional Shopping Centers

5.2.2.2.

Community Shopping Centers

5.2.2.3.

Neighborhood Shopping Centers

5.2.2.4.

5.2.2.5.

5.2.2.6.

5.2.3.

Freestanding Sites

5.2.3.1.

Standalone Stores

5.2.3.2.

5.2.3.3.

5.2.4.

Non-Traditional Locations

5.2.4.1.

Airports and Transit Hubs

5.2.4.2.

Temporary and Mobile Locations

5.2.4.3.

5.2.4.4.

5.3.

Site Selection and Evaluation

5.3.1.

Location Analysis Process

5.3.2.

Traffic Flow Analysis

5.3.2.1.

Pedestrian Traffic

5.3.2.2.

Vehicular Traffic

5.3.2.3.

Peak Hours Analysis

5.3.3.

Demographics and Lifestyle Analysis

5.3.3.1.

Population Density

5.3.3.2.

5.3.3.3.

Age Distribution

5.3.3.4.

Lifestyle Characteristics

5.3.4.

Competitive Landscape

5.3.4.1.

Nearby Competitors

5.3.4.2.

Market Saturation

5.3.4.3.

Competitive Gaps

5.3.5.

Zoning and Regulations

5.3.5.1.

Local Zoning Laws

5.3.5.2.

Permitting Requirements

5.3.5.3.

5.3.6.

Cost of Occupancy

5.3.6.1.

Rent and Lease Terms

5.3.6.2.

Utilities and Maintenance Costs

5.3.6.3.

Common Area Charges

5.3.7.

Site Evaluation Tools

5.3.7.1.

5.3.7.2.

5.3.7.3.

Regression Analysis

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6. Merchandising and Inventory Management