7 key aspects for the best location for your shop


by: Joni Bolkvadze
Published on 24 / 12 / 2015
In Lifestyle

If you will ask some gurus about the key factors for success in the retail business, three main points that they will tell you are: 1) location, 2) location and 3) location.

There are many researches done in this industry. One of them, a research about location revealed following 7 key aspects for the best location and place for retail stores:

  1. Shop has to be on the first floor, otherwise 50% of clients will not go upstairs to enter.
  2. 70% of people will not cross the road to enter.
  3. 20% of people will not enter if the shop has stairs.
  4. Shop should be located close to the Bus/Subway stop.
  5. Shop should be located on the place of the road, where many people are walking.
  6. Shop should be inside or close to leisure/entertainment centers and shopping malls.
  7. Shop should be inside or close to the living and school areas.

Quote of the day
" The great secret about goals and visions is not the future they describe but the change in the present they engender. "
David Allen