Retail Audit
Do you know why your
product is not selling
in store?
There could be many reasons, our data analysis in retail will figure it out for you.
But it’s impossible for you and your team to check every store to see what is going on.
That’s where Retailbound Vision can help. We can conduct a retail audit of your business, visiting stores to check and track company standards, brand visibility, inventory levels, store associates’ knowledge, and more. Then, using pictures, points, files, and actionable recommendations, we will guide you toward the decisions that can help your products sell. With Retailbound, this is not just an ordinary audit. We gather AND crunch data to get you real answers.
28
Of products are priced incorrectly
42
Of products are missing on the shelf
59
Of promotions are not executed as planned
Here’s how we can help:
By taking photos and administering surveys, our team audits the retail stores your products are in.
Our retail expert reviews the data and compiles it into an executive summary with charts and photos.
On a 30-minute phone call with you, our expert will go over the report and offer recommendations.
Retailbound Vision
Having quality data is key to knowing how to improve results in retail. At Retailbound, we can run many types of audits to empower you with information, such as:
28% of retail products are priced incorrectly
42% of retail products are missing on the shelf
59% of retail business promotions are not executed as planned
- New Item Launch Audit: After all the development and evaluation work that goes into launching a new product, a new product audit is vital. It helps you ensure that all marketing efforts are in place.
- Shelf Audit: Our store audits check shelf placement, as well as availability, to monitor products on displays.
- Point-of-Purchase Display Audit: With a point-of-purchase display audit, you know if displays and marketing are functioning as they should in stores.
- Price Audit: Because pricing is a huge factor in how products sell, we help you determine if your products are listed correctly in various retailers.
- Comp Shop Audit: We can gather data on competitors, too, helping you know what products from other brands are outperforming yours in the marketplace and why.
- Mystery Shop Audit: In mystery shopping services, we use the power of the retail secret shopper to get you tangible info on how your products are being represented.
Frequently Asked Questions
How does Retailbound Vision’s store audit process differ from other retail audit services?
Retailbound Vision is the only in-store audit service that combines both the in-store audit data with retail consulting. Our retail consultants are former large buyers, not data analysts. They will look at the data gathered and will provide meaningful recommendations from a retail buyer’s perspective to help fix the blind spots which in turn, grows sales in-store.
What product type best suit Retailbound Vision’s store audit service?
Retailbound Vision works with all types of product categories. From consumer electronics to consumables. From apparel to health and wellness products. As long as your products are instore in the United States, Retailbound Vision can audit the retail shelf for planogram compliance. Retailbound Vision also helps to make sure your point of purchase displays is in the right location in the store and are working properly.
How are the findings of the store audit shared and discussed with the client?
Once our team has completed the data collection, we prepare a summary presentation in PowerPoint, which contains between 8-15 slides. The retail consultant assigned will schedule a 30-minute call to go over the findings with the client as well as answer any questions about the store audit. In addition to the PowerPoint deck, the client will get a spreadsheet with all the details of the instore audit as well as a Google Drive link with all the photos taken.
Unlike other in-store audits, we don’t
just give you the analysis.
We also give you actionable ways to increase awareness and sales, all from former retail store merchants. For as little as $20 per store, you can fix retail distribution gaps, maximize on-shelf availability, and improve in-store marketing. What’s more, because we have a network of more than one million sales reps in North America, we have the capabilities to quickly survey stores at a price that can fit your budget. Let us help you ensure your products are being optimally merchandised and displayed for sales. Talk to us today!
