Retail Space Planning Statistics 2024 – Everything You Need to Know

Steve Bennett
Business Formation Expert  |   Fact Checked by Editorial Team
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Are you looking to add Retail Space Planning to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Retail Space Planning statistics of 2024.

My team and I scanned the entire web and collected all the most useful Retail Space Planning stats on this page. You don’t need to check any other resource on the web for any Retail Space Planning statistics. All are here only 🙂

How much of an impact will Retail Space Planning have on your day-to-day? or the day-to-day of your business? Should you invest in Retail Space Planning? We will answer all your Retail Space Planning related questions here.

Please read the page carefully and don’t miss any word. 🙂

Best Retail Space Planning Statistics

☰ Use “CTRL+F” to quickly find statistics. There are total 89 Retail Space Planning Statistics on this page 🙂

Retail Space Planning Market Statistics

  • In downtown’s 40,000,000 square foot office market, total vacancy is 17%, driven by a large amount of sublease space available for lease. [0]
  • Europe[edit]In 2011, the grocery market in six countries of Central Europe was worth nearly €107bn, 2.8% more than the previous year when expressed in local currencies. [1]
  • In 2011, the grocery market in six countries of Central Europe was worth nearly €107bn, 2.8% more than the previous year when expressed in local currencies. [1]

Retail Space Planning Latest Statistics

  • Available to download in PNG, PDF, XLS format 33% off until Jun 30th. [2]
  • According to the report, airports in the Asia Pacific region typically provided an average 32.7% more retail space per thousand passengers than the global average as of 2018/2019. [3]
  • In comparison, airports in the Americas only provide 67.3% of the retail space per thousand passengers compared to airports on average. [3]
  • Available to download in PNG, PDF, XLS format 33% off until Jun 30th. [3]
  • While Denver’s unemployment rate was 6.7% in March 2021, up from a pre pandemic 2.7% in February 2020, it is one of the only metro areas to grow its labor force since the pandemic began – continuing a decade of growth. [0]
  • Retail and Restaurants Like all cities, Downtown Denver was disproportionately impacted by Covid, reflected in the fact that comparable retail sales tax collections were down 15% in the City and County of Denver, vs. 42% in Downtown Denver. [0]
  • Reduced transit service capacity and perceived risk of Covid transmission on transit led to a 60% reduction in mass transit ridership. [0]
  • Downtown Denver vehicular traffic dropped to an estimated 10% of pre. [0]
  • Pedestrian traffic on the 16th Street Mall dropped by 90% during the first months of the regulated shut. [0]
  • due to the pandemic, 62.2% of consumers in North America say social distancing is one of the top factors that makes them feel more comfortable shopping in. [4]
  • In fact, 65% of people are visual learners and half of the human brain is directly or indirectly devoted to processing visual information. [4]
  • Conforming staff utilization to staffing needs requires a flexible workforce which is available when needed but does not have to be paid when they are not, parttime workers; as of 2012 70% of retail workers in the United States were part. [1]
  • The advanced estimated data is based on a subsample from the US CB complete retail & food services sample.[112]Retail is the largest private sector employer in the United States, supporting 52 million working Americans.[113]Central. [1]
  • In the United States the sector has declined from 19% of GDP to 14%, though it has risen in absolute terms from $4,500 to $7,400 per capita per year. [1]
  • In China the sector has grown from 7.3% to 11.5%, and in India even more, from 8.4% to 18.7%. [1]
  • MerriamWebster DictionaryMerriamWebster Dictionary Online,https//www.merriam webster.com/dictionary/category%20killerGreenfeld, Karl Taro .”Turmoil in Toyland”. [1]
  • MerriamWebster Dictionary https//www.merriam webster.com/dictionary/chain%20storeCambridge English Dictionarycooperative store”convenience store”.. [1]
  • 2011.”Estimated March imports at major U.S. retail container ports hit five year low, declines expected to continue amid pandemic”. [1]
  • Retail trade provides 9% of all jobs in India and 14% of GDP.[107]. [1]
  • The advanced estimated data is based on a subsample from the US CB complete retail & food services sample.[112]. [1]
  • EconomyAs % of GDP, 1970As % of GDP, 20121970 value per capita 2012 value per capita. [1]
  • 31% of brands say they plan on establishing or expanding their physical retail footprint in the next year, but 47% are concerned that securing affordable commercial leases will be one of their biggest challenges. [5]
  • 55% of brands also say winning foot traffic will be a top challenge. [5]
  • 32% of brands say they’ll be establishing or expanding their use of popup and in person experiences in the next year. [5]
  • 40% of brands say offering experiential retail would be a top priority for them in the next year, but 57% of them say coordinating it will be a top challenge. [5]
  • 46% of brands are investing in showrooming over the next year to improve the in. [5]
  • 32% of consumers say they’re likely to engage with in. [5]
  • 95% of consumers expect retailers to have COVID safety protocols in place for in. [5]
  • In the last year, 47% of consumers were more likely to purchase from a brand due to its local presence. [5]
  • In the US,81% of Gen Z consumersprefer to shop in stores to discover new products andmore than 50%say in store browsing is a way to disconnect from the digital world. [5]
  • 34% of consumers are likely to engage with appointment shopping in 2024. [5]
  • Brand statistics Nearly 50% of brands say unifying online and in store operations and data will be their biggest challenge over the next year. [5]
  • That’s why 53% of brands are investing in tools that allow them to sell anywhere. [5]
  • 33% of brands are prioritizing omnichannel order fulfillment over the next year. [5]
  • On average, 46% of retailers are planning to increase their investment in digital channels like their company owned online store, social commerce, custom mobile apps, and livestream selling to drive sales over the next 12 months. [5]
  • 43% of brands will focus on showing available inventory in nearby stores. [5]
  • CPG retail companies say sales from their physical retail stores and sales from theirecommerce websiteare nearly equal, with physical retail generating 18% of revenue and ecommerce generating 19%. [5]
  • 81% of brands plan to either increase or maintain investment in livestream selling to drive sales over the next 12 months. [5]
  • 49% of brands plan to increase their investment insocial commercein 2024. [5]
  • 54% of consumers say that over the next year they’re likely to look at a product online and buy it in. [5]
  • 53% of shoppers are likely to look at a product in store and buy it online. [5]
  • 55% of consumers want to browse products online and check what’s available in local stores. [5]
  • 47% of consumers want the option tocheck out online and return in. [5]
  • 58% of consumers say flexible blended shipping options likeBOPISare important to them. [5]
  • Brand statistics 43% of brands are creating products in 2024 that align with their values. [5]
  • 41% of brands are investing in being transparent about their social impact, vision, goals, and progress to boost customer trust. [5]
  • 44% of brands plan to be more transparent around how they use customer information. [5]
  • 53% of companies are making sustainability one of their top priorities for 2024, including improving the manufacturing process and using more sustainable packaging. [5]
  • In the last year, 41% of consumers said brands that made it easy to understand the actions they’re taking to achieve. [5]
  • In 2021, 44% of customers chose to buy from brands that have a clear commitment to sustainability. [5]
  • In the last year, 41% of consumers chose to buy from brands that have a clear commitment to social causes. [5]
  • 42% of consumers said that knowing a brand is actively working on reducing their carbon footprint is important when deciding whether to purchase a product online. [5]
  • 46% of customers are more likely to purchase a product online if they’re able to recycle the product packaging. [5]
  • Forty nine percent of retailers say hiring and retaining employees will be a top challenge over the next year, something 40% of brands are striving to improve. [5]
  • Brand statistics 39% of retailers say they’re investing in improving the tools and technologies employees use to do their dayto. [5]
  • 40% of retailers plan to invest in training store staff to interact with customers using technology to improve the in. [5]
  • 46% of brands are investing in improving the employee experience so they can better serve customers and ultimately boost retention. [5]
  • 44% of brands plan to increase their employees’ interaction time with customers over the next year. [5]
  • 47% of brands plan to use customer feedback to improve products or customer experience within the next year. [5]
  • 58% of consumers say excellent past customer service influenced their decision to buy. [5]
  • In the last year, 58% of consumers say the ability to easily reach customer service on the channel of their choice influenced their decision to purchase. [5]
  • 43% of consumers say they’re likely to use live chat in the next year. [5]
  • 50% of consumers want to watch product videos before they buy. [5]
  • 50% of consumers say personalization based on their interests and past purchases have influenced their decision to purchase from a brand over the last year. [5]
  • Brand statistics 49% of the brands are investing in not just their delivery practices but also transparency with their delivery promises, like sharing when an order is prepared and shipped. [5]
  • 43% of retailers are changing their shipping strategies to reduce the impact of global shipping delays. [5]
  • 41% of merchants plan to invest further in buy online, pickup in store options likecurbside pickupandclick and collect. [5]
  • When it comes to searching for and buying products online, consumers find the following most valuable; 74% say upfront shipping costs, 68% say free returns and estimated arrival time, 59% say backin stock alerts , and 54% say available inventory alerts. [5]
  • 60% of consumers expect same, next, or twoday delivery, and 58% of those shoppers expect free next. [5]
  • 35% of consumers are choosing shipping options like curbside pickup or click and collect to receive their orders in time. [5]
  • 75% of shoppers say free shipping continues to have a significant influence on purchasing decisions. [5]
  • 60% of consumers say fast shipping influences their decision to buy online. [5]
  • 53% of consumers say flexible shipping influences their decision to buy online. [5]
  • In the last year, 32% of customers have abandoned their carts because the estimated shipping time was too long. [5]
  • In 2021, 23% of shoppers abandoned their carts because there was no guaranteed delivery date. [5]
  • Given it’s early days, 29% of them are still not sure how exactly they’re planning to shop, but it’s encouraging that they haven’t disregarded the holiday altogether. [6]
  • Some of the most lucrative audiences here will be younger people, with 34% of millennials planning to spend more compared to last year, as well as parents with young kids who are much more likely than the average consumer to say the same. [6]
  • The toy, gaming, and electronics industries stand to benefit the most here, especially when parents are 28% more likely than the average shopper to say they’ll purchase gifts. [6]
  • While 12 15s would ask for Clothing (56%). [6]
  • When we asked them who decides which new toys are bought for them, 34% said it’s them, compared to 25% who said it’s their parents. [6]
  • In our July Zeitgeist survey, 38% of UK and U.S. consumers said their online shopping behavior has increased compared to last year; and an impressive 91% say this will either remain the same in the future or increase further. [6]
  • Shopping online with pharmacy retailers grew by 20%, while online grocers saw an increase of 21%. [6]
  • So, for retailers that want to tempt customers back to stores, enhanced safety measures should be a priority, especially since 48% of Black Friday shoppers are moderately or extremely concerned about the COVID. [6]
  • Clothes are the main purchase U.S. consumers will be making this Black Friday (46% say this), while gifts take the top spot in the UK (37%). [6]
  • Gift givers in the UK and U.S. are 29% more likely to plan holiday gifts over a month ahead – regardless of demographic. [6]
  • As we already pointed out, parents with young children are a key segment here, and they’re also 43% more likely than the average shopper to say they plan to buy more in advance than normal to spread out the cost. [6]

I know you want to use Retail Space Planning Software, thus we made this list of best Retail Space Planning Software. We also wrote about how to learn Retail Space Planning Software and how to install Retail Space Planning Software. Recently we wrote how to uninstall Retail Space Planning Software for newbie users. Don’t forgot to check latest Retail Space Planning statistics of 2024.

Reference


  1. downtowndenver – https://www.downtowndenver.com/newsroom/2021-state-of-downtown-denver-report-outlines-statistics-promising-recovery-for-downtown/.
  2. wikipedia – https://en.wikipedia.org/wiki/Retail.
  3. statista – https://www.statista.com/statistics/1058852/retail-space-per-capita-selected-countries-worldwide/.
  4. statista – https://www.statista.com/statistics/1033544/retail-space-provided-by-airports-per-thousand-passengers-by-region-worldwide/.
  5. shopify – https://www.shopify.com/retail/the-ultimate-guide-to-retail-store-layouts.
  6. shopify – https://www.shopify.com/retail/retail-statistics.
  7. gwi – https://blog.gwi.com/chart-of-the-week/black-friday-planning/.

How Useful is Retail Space Planning

First and foremost, retail space planning is instrumental in maximizing store efficiency. By carefully considering the placement of different merchandise, departments, aisles, and checkout counters, retailers can create a smooth and logical flow within their stores. This not only allows customers to navigate through the store more effortlessly but also helps minimize congestion and avoid bottlenecks. When shoppers can easily find the products they’re looking for, without frustration or wasted time wandering from aisle to aisle, it enhances their overall shopping experience and leaves a positive impression of the store.

Moreover, retail space planning has a significant impact on customer convenience. Utilizing effective space planning techniques, retailers can effectively categorize, allocate, and organize different product offerings. By clustering together related items, such as kitchenware or electronics, and dedicating aisles to specific categories, consumers can quickly locate the items they desire. This feature is particularly appreciated when customers are shopping with limited time and specific objectives in mind. Easy navigation helps save time for shoppers, making their visit efficient and productive, which in turn improves customer satisfaction and encourages repeat business.

Apart from facilitating effortless customer journeys, effective retail space planning also benefits retailers by increasing sales and overall profitability. Through meticulous planning, retailers can ensure that products with high sales potential are given prominent placement in the store. Likewise, visual merchandising strategies, facilitated by well-thought-out spacing and positioning, encourage impulse buying. By strategically pushing popular or high-margin products to catch the customer’s attention, retailers can boost their sales and improve financial performance.

In addition to boosting profitability, retail space planning creates opportunities for increased customer engagement. Consideration should be given to designing spaces within stores where customers can gather, interact, and truly immerse themselves in the shopping experience. For example, creating cozy seating areas or incorporating digital displays showcasing special offers and promotions can entice customers to spend more time in-store, fostering a connection and providing an enjoyable shopping environment. Such innovative use of space triggers customer curiosity, encourages exploration, and enhances engagement, resulting in more memorable shopping experiences—one of the key aspects that shoppers increasingly value.

To conclude, retail space planning is a crucial aspect of the retail industry that often goes unnoticed. However, its importance cannot be overstated. Through careful consideration of layout, navigation, categorization, and visual merchandising, retailers can optimize their spaces to create efficient, immersive, and enticing experiences for consumers. The ultimate result is increased sales, improved customer loyalty, and enhanced overall profitability. Thus, retail space planning is not merely a superficial consideration but a powerful tool for success in the ever-evolving and competitive world of retail.

In Conclusion

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We tried our best to provide all the Retail Space Planning statistics on this page. Please comment below and share your opinion if we missed any Retail Space Planning statistics.

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