The Art of Grocery and Retail

My research question to help me study the economic principle is “How do retail / grocery stores choose which products to display /to stock during certain seasons or in general throughout their stores?”

In my second blog post, I discussed the many ways that grocery or retail stores strategically place their products or look of their store. This goes over how store’s look at what their customers have recently been purchasing and how they react to these stats. Also making sure that all the stores of their chain get supplied with enough products and not too much. Also goes over how products all have their certain price, and to make sure that everything is priced accordingly.

Third post goes over how every grocery or retail store has to know their customers and provide to them accordingly. Making sure the atmosphere and products of the store are up to their expectations every time they come in. It’s okay to embrace a certain crowd and only advertise to that type of group as long as it’s not hurting your business, in actuality it can help.

My last post goes over how you have to adjust your store to every season. It’s very important to capitalize on every season as there are many particular items that customers are going to expect depending on which season it is. This post went over the variety of items that go on sale depending on it’s season, and how even some months where nothing is going on like January and February, there’s still a lot of thought put into what customers might buy.