Retail space planning specialist CADS has helped Northern Ireland’s largest Spar retailer and wholesaler, Henderson Group, improve its space management process with StoreSpace.
Henderson Group reached out to CADS following a recommendation from Nielsen, which provides Spaceman planogram technology that partners with StoreSpace.
“Our StoreSpace software makes it easier for retailers to optimise their retail space. Henderson Group has been able to make better informed planning decisions which help boost sales,” says Richard Burford, CADS’ Customer Success Specialist.
We’re delighted to announce the acquisition of CADS by Tern Capital!
Tern Capital is a leading investor in software and technology-enabled businesses, with a track record of successfully enabling growth.
— CADS Retail (@CADS_Retail) September 12, 2023
StoreSpace is implemented in 101 of Henderson Group’s 105 stores.
It provides the retailer and wholesaler with the platform and data it needs to plan and analyse its retail space. It can also identify areas for improvement, such as categories with too much or too little space.
Since its implementation, the software has helped Henderson Group efficiently make changes to store layouts, as well as access performance insights which enable it to better understand which actions have improved sales and profitability.
“StoreSpace is a great tool for Henderson Group and for convenience retail chains. Its value is in quicker, faster and better decision making. It is influencing what is happening in-store – and we can see which categories we need to flex to optimise sales,” says Terence O’Hagan, Retail Category Development Manager at Henderson Group.
As well as helping to boost profitability, StoreSpace has enhanced collaboration and efficiency within the Henderson Group team.
“Decisions are now based on accurate floor plans with the architectural design team, macro space planning, retail services and our project managers all using the same information to make decisions,” says O’Hagan.
Over the next few years, CADS will continue working with Henderson Group to roll-out the solution in over 400 of its independent stores.
2023 RTIH INNOVATION AWARDS
The fifth edition of the RTIH Innovation Awards is now open for entries.
The awards celebrate global tech innovation in a fast moving omnichannel world and include a Bricks and Mortar category, sponsored by CADS.
Deadline for 2023 submissions is Friday, 27th October, with winners being revealed at an exclusive event in central London on Wednesday, 29th November.
Entries are free and you can submit in multiple categories.
The Bricks and Mortar Innovation award will go to a retailer enabling physical spaces to thrive via innovative technology, even as online shopping continues to grow.
We’re looking for examples of reducing friction in the customer journey, offering improved experiences, and blurring the lines between channels.
Download an entry form here.
For all entry related queries, email: [email protected]View Original Article