What is Store
Renovation?
Store renovation can be defined as
the installation of new ideas and find more interactive in-store fixtures,
which allow customers to access and purchase more. It
also includes the removal of old displays and fixtures, fixture moves, new
interior and exterior signage roll outs, product merchandising or making additions to floors. With
the help of a commercial contractor additional improvements have also been made to increase
energy efficiency across the stores and allow customers to discover all that
stores has to offer in a fun, easy and convenient shopping environment.
Renovations can be carried out in
multiple stages or all at once. With a staged process, however, it is important
that you have an overall plan in advance. Renovating a store requires the expertise
of a commercial
contractor and an architect.
A commercial contractor is the one who
specializes in specific tasks and activities. He oversees the construction and
remodeling of stores. Commercial contractor’s responsibilities include
preparing cost estimates, hiring and overseeing laborers, selecting
construction strategies, ensuring regulations are met, determining budgets and
updating owners and investors on progress. The commercial contractor starts the
project by becoming familiar with the drawings. He or she will develop a
schedule based on the needs of the owner and the logical construction sequence
of the project. The contractor may also be responsible for securing permits
from local authorities. Commercial contractors create lists of the specific
tasks that are to be completed by each individual subcontractor. Using this
type of list helps the subcontractors price the job, and also keeps it clear
throughout the construction process that is responsible for each task.
Store Renovation includes stages
like planning, designing and constructing. Planning includes collecting ideas
and estimating a budget and decides what is and is not achievable. Planning
determines what needs to be done. Renovating an existing property requires a
total demolition. You can often cut Store Renovating costs by keeping existing
fixtures intact rather than replacing them altogether. If you’re looking to
replace entire structures, then installing new flooring, ceilings and lighting
may be more cost-effective for your project. The designing stage includes visualizing
how the size, placement of fixtures, building materials and lighting will
affect the customer’s initial impressions. Thereby commercial building contractors can do wondersin renovating a store which not only displays merchandise but it also makes an
accessible and convenient space for their target audience.
Why Store
Renovation is Important?
The
main motive behind the store renovation is increasing the sales by attracting
more customers. If you want to keep people in the stores, they need to be more
interactive and engaging. Store renovations play a critical role in helping
retailers transform their retail environments, address competitors, and drive
sales. It helps in maximizing sales productivity and
expanding the customer base in key markets. Renovating the store increases the
value of the merchandise by helping the customers feel like they are worth the
effort.
Renovations
talk to your customers and to your staff. When it is chosen to renovate a store
it is showing its faith in the future of the store. The customers are aware
that renovations are rarely made to stores about to be closed. This certainty
creates good faith among the customers. In today’s competitive world developing
trust and a sense of security are primary goals for all retailers.
Awareness
of growth and appreciation of new look will bring improved sales. A facelift can increase the chance
of winning the competitors. Innovative remodeling which adds relevance to the
service offered plays a vital role in becoming a winner in market. “It’s the
little improvements that sometimes customers notice the most,” Brous says. Investing
quality materials and equipment in store renovation will affect perceptions of
your business. For employees, working in a modern and well-designed store
encourages their creativity which indeed helps in maximizing the sales.
To conclude, store renovation with the help of an expert commercial contractor gives a better working environment for the employees as well as the customers which increase the chances of producing a retail space that will also increase the long-term profits.
