Opening up in a promising new market
February 20, 2025
Context
A garden furniture manufacturer with a network of distributors and stores is looking to open a retail outlet in a market with potential for future growth.
Challenge
The main challenge is to guarantee both immediate and future growth, by establishing itself in a rapidly developing area, while minimising the risks associated with poor positioning.
Innovation
To address this issue, Indicia used a longitudinal database of the last 20 years, making it possible to identify the economic and demographic trends of the targeted region. By combining this data with the use of centrography indices, Indicia was able to locate areas of attraction and anticipate the movements of the population and shopping centres. An analysis of housing starts over the past ten years was also conducted, since it represents a key indicator for identifying areas of high residential growth. In addition, by studying the recent opening of many points of interest such as pharmacies, grocery stores, SAQ stores and discount stores, Indicia was able to identify booming commercial axes. Finally, by combining all these elements, the future urban development could be estimated with an excellent level of accuracy, guaranteeing the company an optimal choice of location for its new point of sale.
Results
With this rigorous analytical approach, the company selected a strategic location in a fast-growing region, benefiting from increased visibility and access to a specialized clientele.
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