How Do I Plan My Retail Move?
Posted on May 15, 2018
In retail, moving locations can be crucial to expanding your business or simply getting in to a new market. In any move, it is important to minimize stress as much as possible. The best way to start is to tackle and plan for the challenges you know will be ahead. We’ve put together some tips that will serve you best in planning for moving your retail business.
Taking Stock of Inventory – What Do I Need to Move?
Some of the costlier and more difficult parts of a move is the amount of inventory that needs to be transferred to the new location. It can be more cost effective to simply liquidate some of your inventory through a marketing event or clearance sale. We recommend that you start this process as soon as you have determined a move date for your retail business. When working with inventory sales, you want to be sure that you can accomplish your goals to minimize stress on the move.
Also, if you are able to liquidate some of your inventory, you will lessen the time and cost of the move ahead. Take this move as an opportunity to get rid of any hard to move inventory that has been a constant issue on your bottom line. Static inventory is hard to eliminate, but taking advantage of reevaluating your stock in an excellent way to increase effectiveness in sales.
Don’t Get Caught with Downtime
When you are moving your business, you will inevitably be faced with the tricky logistics of keeping your business running to eliminate any loss in sales. With a retail store, this is oftentimes the hardest part as so much of the business requires physical products to be set up and ready to go in the new location. Here are some tips to avoid downtime in your business during the move:
- Set up your new shop as much as possible before the move. You can work on getting the bones of the store set up with shelving, counters, new carpeting, and as much as you can. Also, be sure to go ahead and have any signage or new equipment installed prior to the move.
- Pick a date during your “slow season”. Most retail businesses have some kind of seasonality to their business. We recommend that you choose to move when you are not as busy to save on any lost sales.
Hire the Right Partner
When you are ready to move, make sure that you have the right partner to help with the logistics of your retail business. At Beltmann, we have teams of experts that are qualified to help manage your project from start to finish. We understand the importance of keeping your business running and how a move can be an important step for your overall business goals. Here are some services we can provide:
- Managing inventory
- Project planning
- Transportation services to fit your needs
- Assembly and disassembly of items
- Storage, if necessary
Our team of dedicated logistic professionals are ready to help you move on your timeline. Contact us today for more information on how we can best serve your retail business move.