Why Use Us
First
a few thoughts on forecasting retail sales.
Retail
sales are easier to forecast accurately if the customer routinely shops
the retail category and it is fairly insulated from small changes in the
economy. Most retail categories do not meet this criteria. Grocery stores
do and traditionally have been one of the most predictive retailers for
sales forecasting. Supermarket
forecasting using gravity models examines sales potentials, competitive
sizes and sales, barriers, and the projected concept and size. It can be
very accurate which is why they have been used for more than 30 years.
Is
it possible to forecast restaurant sales? Yes. Is it always accurate?
No.
A
forecasting model that has its accuracy greatly determined by your operations, is
not a real predictive model. The information highway is littered with
disgruntled customers that paid thousands of dollars, collected all the
data, and is then given a model that has a matrix of possibilities that
are determined by what your store manager does. Yes you need to operate the
new unit to the same expected standards as you do the existing ones. Who
wouldn't. We think it is more honest to locate your restaurants in
the best opportunities to capture "your" customers than it is
to suggest we can accurately tell you what your sales may be.
Why
Are We Different?
A
few reasons:
1.
We are good analysts