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January 11, 2022
Most brands try in some way to gain an extra edge in new / recently opened on-trade outlets. Why? New outlets are where much of the channel innovations take place, from new consumer propositions to new formats or locations. Importantly, new outlets also cater disproportionately to younger consumers.
Would you like to be able to predict where new on-trade outlets will appear so you can get to them before your competitors? To get your foot in the door and get business talks rolling sooner than anyone else? If so, we might have the answer for you.
At SharpGrid, we don't have a crystal ball, but we're almost there. After analyzing data from Outlet Census about recently closed and recently open outlets, we have arrived at three important insights:
Our numbers are based on Outlet Census data and dedicated market research of closed and newly opened outlets that we conducted throughout 2021, as well as Market Meter Hot Zone monitoring.
READ MORE: Hot Zones: A new way to boost your brand and sales in the on-trade
By accessing this kind of information, you would be able to initiate negotiations before the outlet is actually up and running, thus increasing your chances of building a business relationship early with the owner. Furthermore, it will allow you to make a more informed decision about the optimal level of market investment, potentially preempting a more expensive opening bidding later.
All this can give you an invaluable head start and business edge in building a market presence in new outlets, creating opportunities for your sales teams, your marketers and ultimately your brands. SharpGrid is harnessing the power of digital revolution that is transforming the on-trade channel and you can reap the benefits.
If you want to know more, contact us and let us know how can we help you get your own personal crystal ball.
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