6 Things to Keep in Mind When Renovating Your Retail Store

In retail industry every moment is money and closure of retail store for a minute is lose, however at the same time at some point of time you need to renovate your stores to give a better experience and fresh look of your retail store and may be brand have changed their concept and as franchise you have to follow brand strategy and renovate your store.

Retail store look and feel is an essential part of the retail store.

1. How many types of renovation of a retail store?

While you are renovating a retail store there is a minor renovation and major renovation. Major renovation you will have to dismantle existing décor and bring every thing shell and core. this cost as much as a making brand new store. where as on other hand you can do minor renovation which involves shop fittings, lighting and main signage and repainting.

2. How much does it cost to renovate a retail store?

In any renovation you need to ask yourself why are you renovating? In any case you need to talk to retail store designer to provide you a concept design at a fee if you don't have one, or if you are dealing with international brands you may get concept design from them.

Next thing is the cost of fitout works which consist of following items: Local Authorities approvals, Civil work, MEP works, shopliftings, lighting, music system, signage and shopfront. You must choose a professional interior design and build company to mange project with in time and cost.

3. How will you trade while the work takes place?

Any forecast for the cost of a renovation must account for the loss of trade when building work takes place. This can affect small businesses very heavily since many small businesses operate with tight?margin.

4. What changes can be made to reduce operating costs for the business?

If it is minor refurbishment then you may think if phasing so you dont close store at all and carry out renovation work part by part.

Also ensure you have made all offsite items well in advance and ready before you start renovation work on site.

5. How will your renovation impact the way space is used?

A well-thought-out retail shop will create a welcoming and beautiful environment while allowing as much room for products as possible. With more products on shelves, customers will know your business is well stocked and is a good browsing spot, a key part of any shopping experience.

6.?How will renovating change the image of the business?

As you know retail is all about fashion, look and feel. When investing in a renovation, most businesses want the final product to align with the business’s image

A high fashion retail outlet will need every corner of the store to represent values of style, elegance, and attention to detail. So cheap, functional flooring would be a poor investment, even if it saves money in the short term. Customers judge a business through every part of their experience, from product and staff to the finest details of their building. Cutting corners can therefore prove very costly.

Therefore don't think about short term solutions, but think about retention of clients so you have repeat customers, who love to come again and again in your store.

This is Abid Hussain commercial interior design and business development manager at CSI Coral Supplies & Interiors LLC based in Dubai more than 25 years.

At any point if you need assistance with your store design or build please do contact me at [email protected] +971 4 26 25 261