We do studies in order to determine if a location has the right demographics. Clusters are broken down by population density, household income, and presence of female shoppers !
- Identify more profitable customers and locate others like them
- Discover new markets or untapped areas within existing markets
- Develop more finely targeted, cost-effective, and lucrative customer bases.
- Increase the success of new product launches
- Increase profitability and market share in case you will be doing more than 1 location
- Sample Demographic Location click here.
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The task of ordering this much inventory can be overwhelming for a first time retail business owner.