The shift from a sales-centric to a gross margin-focused approach in retail space optimization represents a significant advancement in retail strategy. By leveraging the power of AI and analytics tools like HIVERY Curate, retailers, and CPG companies can navigate this shift effectively, ensuring that each square foot of shelf space generates sales and, more importantly, drives profitability. This transition is not just about adapting to a new metric; it's about embracing a more sophisticated, data-driven approach to retail success in the 21st century.

The evolution of planogram efficiency reflects a broader trend in the retail industry: the need to adapt to a dynamic landscape where consumer preferences, technological advancements, and market conditions are in constant flux. Further, the process of planogram creation, even when hyper-local, can be inefficient and costly. Teams often develop 'averages of averages' approaches and strategies, including larger cluster sizes, exacerbating the challenge and leading to overstocking in some stores and understocking in others. In this article, we'll explore the recent developments in planogram efficiency and how retailers can stay ahead in this changing environment.