Store Clustering is the process of grouping stores with similar characteristics to make it easier to purchase inventory for those stores.

Apr 5, 2025 · Using clustering in retail buying and planning can significantly enhance decision-making by uncovering hidden patterns in customer behaviour, product performance, and store dynamics.

Apr 10, 2025 · What is retail clustering? Retail clustering is the process of grouping your stores based on shared characteristics – in terms of sales, customer type, buying behaviour, or even location type …

Jun 3, 2025 · The main goal of clustering is to create groups of stores with similar consumer behavior or similar trading characteristics in order to apply unified strategies in the areas of assortment …

Aug 21, 2025 · Store clustering is a strategic method of grouping retail stores that behave similarly so you can plan for them as a group .

We will explore ten different retail clustering methods in depth and highlight the advantages and disadvantages, as well as under which circumstances each should be used.

Oct 15, 2024 · Retail store clustering involves grouping retail stores based on shared characteristics like sales performance, store location, and customer demographics.

May 24, 2025 · Cluster analysis serves two essential purposes in retail: site selection and customer segmentation. Both are crucial for maximising profitability and aligning business strategies with …

Store clustering in retail refers to the process of grouping retail stores based on various factors such as location, customer demographics, and purchasing patterns.

Oct 4, 2024 · Store clustering is the process of dividing stores into groups based on their characteristics, such as location, demographics, demand, and customer behavior. This allows retailers to better tailor …