Store Improvements is used as a tool to keep the brand up-to-date in old stores and to push SSS, especially in legacy markets when the store matures.
Strong track-record on successful Store Improvement projects pushes SSS +20% in older legacy stores. Furthermore, Store Improvements are used for re-location to optimise topline/ & SOC) and in cases where Store Improvements is a demand from the Landlord in connection to renewal of key contracts - mostly relevant in Airports – eg CPH Airport deals just signed with 5 year extension of term.
There is three types of Store Improvements:
1. Maintenance
2. Light Refurbishment
3. Full Refurbishment
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We have three different approaches to Store Improvements: