| An
Example for Retailers
Let's take a look at just one example of how Basket Facts
can help increase your average basket size.
If occasional shoppers
spend less than core shoppers, you can ask yourself if this
behavior is the result of marketing and Assortment and In-store Space activities.
Are there opportunities to shift spending to larger baskets?
If so, what categories would help that shift? What are competitors
with larger baskets doing that you're not?
Next, you can examine
which departments account for the difference in basket size
between core and occasional shoppers. Is this difference driven
by Assortment and In-store Space activities or by differences between product
group preferences among core and occasional shoppers?
Finally, when you
examine what happens when a core shopper shops at another
channel you will gain insight into which categories could
be used to improve store loyalty.
The end result?
By knowing more about what goes into shoppers' baskets, you
learn how to get more into those baskets.
|