Retail Discovery
Identifying opportunities
It all starts here. This is the retail feasibility study. We look closely at your healthcare organization, assess your retail opportunities and define what concepts will work best for your hospital or clinic and within your Retail System. On-site visits and staff interviews are conducted, traffic is assessed and store recommendations are made showing actual square footage and renderings. The process takes 90-120 days to complete.
Defining a Retail System
This is what we will recommend for your hospital or clinic based upon existing and/or new retail. By definition, a Retail System is a business infrastructure. Rather than each concept operating as a silo, a Retail System pulls together all the retail operations under one umbrella, improving efficiencies across the entire system and developing economies of scale. It lays the business foundation for future retail strategies, including leased opportunities, eCommerce and catalog sales.
Examples of scope and deliverables
- Traffic Flow Analysis
- Existing Retail Assessment
- Definition of Retail Concepts
- Identification of Retail Sites
- Retail Concept Renderings
- Basic Merchandising and Space Plans
- Sales and Volume Projections
- Basic Financial Proformas
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