Maximize Company Profitability Through Aggressive Store Portfolio Management

Managing multiple new store openings is essentially a juggling act, but what makes retail real estate even more challenging is the balancing component of portfolio management. Leading retail companies are in a continuous state of evaluation and adjustment, always weighing store-performance metrics, shopping center statistics, occupancy costs, emerging real estate opportunities and lease options to determine which stores should remain open, relocate or close. Right-sizing the portfolio is one of the make-or-break factors for a retail enterprise to help:

• Actively manage strategy execution
• Maximize margins and profits
• Create an actionable business plan for each and every store

Successful retailers make informed, data-driven decisions regarding lease renewals, relocating or rebranding stores and store closings – all of which improves performance throughout the store portfolio. The VP Retail Edition serves as the benchmarking repository for all the prerequisite store-level information and metrics that give you the oversight you need to make better real estate optimization decisions. The VP solution assembles information from each of the departmental silos and makes the consolidated intelligence readily accessible to all the decision makers who reside in various departments.

The ability to recognize shifting trends and subtle nuances in market changes is a benefit that quickly emerges from the actual store-level data available from the VP Retail Edition, and is evident in hard dollar returns from an optimized portfolio. The system’s ability to integrate and connect with all of your key enterprise systems, such as the financial ERP and POS systems, work-order management systems and geographic-information systems makes it easier to:

• Recognize when real estate strategies should change to enable continual optimization of your store portfolio
• Create strategies for managing under-performing stores
• Identify available exit strategy options for all locations
• Identify and protect profitable stores
• Display co-tenancy language for rapid review
• Actively manage the execution of store strategies
• More effectively allocate capital