Single Store Owner

OCT 2016

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52 / Convenience Store News for the Single Store Owner / OCTOBER 2016 FROM THE EXPERTS Here are some examples of shelving strategies that may work well for you: "First to Shelf" on New Products. Your shoppers may see you as being the store where they can come to find exciting new products in your key catego- ries. If innovation is important to your shoppers in certain categories, you should have a process in place to get these important new items onto the shelf as quickly as possible to satisfy their needs. Minimize Out-of-Stocks. This is a large problem for many different types of retailers, distributors and suppliers. Out-of-stocks can be driven by retail store ordering, poor forecasting, poorly allocated retail store shelving, and upstream causes. You can lose current and future sales from disappointed or frustrated shoppers due to out-of-stocks. Two ways to tackle out-of-stocks are: • Define minimum "pack out" and/or "days of supply." The objective of these guidelines is to both avoid out-of-stocks on fast-moving items and conversely, overstocks on slow-moving items. Your strategy may be to have a mini- mum plus a bit more inventory to cover your stock requirements between deliveries without running out. "fit" your store. So, you need to know how to make adjustments to the shelf based on your store and your shoppers. First, define your maximum shelf height. The standard maximum height for the top shelf (mea- sured from the floor) varies by c-store. You should have a maximum shelf height so that your shoppers can easily reach all products. Keeping this height at 54 inches ensures shopper safety by minimizing the haz- ards caused by climbing or reaching over one's head. Next, understand how shelf depths affect inven- tory levels. Shelf depth directly affects the amount of inventory that fits on the shelf, and can once again vary by c-store. The bottom shelf may also be much deeper than the rest of the shelves on the gondola, and therefore will hold more product. You want to put larger and heavier items on the bottom shelf in many categories. DEVELOP SHELVING STRATEGIES You can't leave all of the recommendations and de- cisions for your store shelves to your suppliers, dis- tributors, etc. You should have some well-developed strategies of your own as they relate to your store fixtures and in-store merchandising approach. The Green Retail De The Green Retail Decisions Innovation Summit is an invitation-only event n The Green Retail Decisions Innovation Summit is an invitation-only event Summit The Green Retail Decisions Innovation Summit is an invitation-only event is an invitation-only event that brings retailer that brings retailers of all channels and solutions providers to discuss an that brings retailers of all channels and solutions providers to discuss olutions that brings retailers of all channels and solutions providers to discuss providers to discuss technology, innov technology, innovation, sustainability and the future of green retailing. tai technology, innovation, sustainability and the future of green retailing. he technology, innovation, sustainability and the future of green retailing. future of green retailing. Now in its sixth Now in its sixth year, this year's summit will offer high-quality networking, ye Now in its sixth year, this year's summit will offer high-quality networking, ill offer high-quality Now in its sixth year, this year's summit will offer high-quality networking, networking, keynotes and pa keynotes and panels discussing hot industry topics, one-to-one meetings uss keynotes and panels discussing hot industry topics, one-to-one meetings t keynotes and panels discussing hot industry topics, one-to-one meetings indust keynotes and panels discussing hot industry topics, one-to-one meetings , keynotes and panels discussing hot industry topics, one-to-one meetings ne-to-one keynotes and panels discussing hot industry topics, one-to-one meetings meetings and boardroom and boardroom briefi ngs. s. and boardroom briefi ngs. Past attendees have Past attendees have great things to say about the summit: at Past attendees have great things to say about the summit: ng Past attendees have great things to say about the summit: y Past attendees have great things to say about the summit: abou Past attendees have great things to say about the summit: ummit: Past attendees have great things to say about the summit: BRINGING RETAILERS & SOLUTIONS PROVIDERS TOGETHER FOR SUSTAINABLE RETAILING " The best part is leaving with an action plan! " Retailers: For more information or to request an invitation, contact Laura Liebeck, [email protected] or at 845-440-7974 Suppliers: To become a sustainability partner or summit sponsor, contact Jory Cener, [email protected] or at 914-522-2872 " Fantastic chance to meet and discuss how to improve our energy effi ciency and sustainability. " " Always time well spent. " May 23–25, 2017 Renaissance Chicago O'Hare Suites Hotel • Chicago, Illinois Produced by:

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