Smarter store efficiency: How top grocers cut costs and leverage smaller formats
Episode 12, Oct 07, 08:48 AM
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Retailers can rarely measure the cost of missed opportunities. But they can catch up by optimising their equipment. How? To find out on this episode of the Retail Gazette Unpacked podcast, we sat down with Dmytro Visyn, Chief Business Development Officer at Modern Expo - a company that has been providing solutions for UK retailers for 10 years.
“We usually think that optimization requires extra effort, but in reality it saves a great deal of time and money if you know your client. For example, refrigeration takes from 40 to 60 percent of a store's total energy consumption. Cutting energy costs by 20 percent might be equivalent to increasing sales by 5 percent. Practice shows that a typical convenience store can save around £80,000 over the lifespan of its refrigeration systems,” says Dmytro.
The main focus of the conversation is the balance between the cost of equipment and the profit it brings in the long run. Specifically, we are talking about:
“We usually think that optimization requires extra effort, but in reality it saves a great deal of time and money if you know your client. For example, refrigeration takes from 40 to 60 percent of a store's total energy consumption. Cutting energy costs by 20 percent might be equivalent to increasing sales by 5 percent. Practice shows that a typical convenience store can save around £80,000 over the lifespan of its refrigeration systems,” says Dmytro.
The main focus of the conversation is the balance between the cost of equipment and the profit it brings in the long run. Specifically, we are talking about:
- space-saving modular fixtures
- seamless checkout zones
- energy-efficient refrigeration systems
- smart grab-and-go micromarkets and more.
For a deeper dive into Modern Expo’s solutions, download the presentations with detailed information for both large chains and small convenience stores.