Would you open your store up to the scrutiny of other retailers? To have them judge the way you use the cornerstones of good retailing – layout, ranging and innovation – to boost your profits and satisfy your customers?
Retailers continually tell us that they love to learn from each other, share ideas, supplier contacts or experiences from their own businesses while finding out first-hand how other store owners operate.
To put this to the test, Retail Newsagent, in association with the Local Shop Summit and Cereal Partners UK, convinced three store owners to open their doors to a judging panel made up of brilliant retailers who each have a proven track record in running their own successful convenience stores.
Over the course of one day last month, the panel visited Spar in Leamington Spa, Sukhi’s Simply Fresh in Kenilworth and Nisa Westmede in Coventry – three very different stores with different customer bases who nonetheless lie within a few miles of each other.
Our panel was tasked, in groups, with analysing and investigating how every store uses ranging, layout and innovation and then agreed a score out of 10 for each category. By the end of the day the scores were totted up and a winner was announced… but not before a wealth of advice and ideas had been uncovered. Watch the video to see how they day unfolded