The Market Makeover Welcome to Tradavo Retail Services! We are excited to begin working on your Market Makeover project and appreciate the opportunity to help you improve your market. Tradavo’s Retail Service Program has had a proven impact on the appearance, profitability and overall sales of Markets and Pantries across the country. Designers and retail specialists apply their expertise and national hotel retail sales data to select best selling assortments, create optimal merchandising layouts and planograms, and assign SRP’s that exceed retail profitability goals. Tradavo hotel retail experts will evaluate your current retail layout, fixtures, assortment, and pricing to create a custom retail plan for your Market. Our goal is to simplify the process of merchandising, pricing and supplying the market allowing managers to easily run a successful market with minimal time invested and limited knowledge of retail practices, so they can focus on what they do best – Hospitality! Before and After Market Makeover Examples: 1|Page 10 Easy Steps to Hotel Retail Success! In order to successfully complete this project and achieve maximum revenue and profit results, it is important to work closely with, and understand the recommendations of, the retail designer assigned to your project. The following is a list of items and steps needed to complete your Market Makeover. Please do not hesitate to contact us if you have any questions. Task Description Time Frame 1. Dimensions & Floor plan As soon as possible so we can start the project 2. Photos It is important to properly measure your Market. The shelf management system that is essential to your Market Makeover is custom sized to fit inside your existing shelving, so it is important that exact interior width and depth dimensions are provided. Be sure to measure inside each shelving section from side to side and from front to back. Also be sure to include a floor plan of your space if you have an atypical area so we can see how everything in the space relates. This can be a sketch as long as the dimensions are called out. Designers will need clear photos of the market including a minimum of: One full view of the of the entire Market Full view of each wall Full view of refrigeration Full view of amenities cabinet or slatwall sundries area 3. Revenue Data Complete the spreadsheet requesting revenue, profitability, and Sales Per Occupied Room - providing 3 months sales data of prior month sales for accurate measuring of results. As soon as possible 4. Inventory/ Price List In order to incorporate your current inventory and understand all elements of your retail efforts, please send an inventory list with current retail pricing to your designer. As soon as possible 5. Shelf Management System A shelf management system is essential to merchandising. Your designer will customize your shelf management system to fit your existing shelves and will select your assortment to fit the Shelf Management System. The average cost of this important feature varies depending on the size of your Market. Sent to you once all information is received 6. Assortment Cart Load Tradavo’s retail specialists will load your online shopping cart with the products needed to complete the Market Makeover. These cart loads are based on best selling sales data and meet the standards set by Marriott. The products recommended are specifically customized to the size of your shelves with a Shelf Management System in place. Removing items from the cart or only placing a partial order affects the outcome of the project and may prevent the successful complete the project. Sent to you once SMS order is released. 7. SRP’s Tradavo’s retail specialists will provide you with Suggested Retail Pricing that creates a blended margin of 50% or more. Sent at conclusion of project 8. Planogram Sent at conclusion of project 9. Installation 10. Follow Up Photos, Revenue Data and Monitoring Tradavo designers will create a full color planogram of your space to help you in merchandising, restocking, and maintaining the appearance of your Market. Each item recommended in your Cart Load will be represented in the planogram, so you know exactly where to place it on the shelf. Installation is completed at the property level utilizing documentation provided by your Tradavo designer. This Final Steps packet is emailed to the property once all items have been ordered. This packet contains your custom planogram, showing you where to place each item on your shelves, and instructions to complete your Market Makeover. Please open and review all documents prior to attempting to set-up your Market. At 3-, 6-, and 9-month intervals Tradavo will request the property to provide revenue data and maintenance photos. This will enable Tradavo to measure the results of your Market Makeover and to ensure that the merchandising is maintained in order to achieve successful long term results. 2|Page As soon as possible so we can start the project Sent at conclusion of project Ongoing Market Makeover Project Agreement By agreeing to proceed with the Market Optimization Project I understand the following (please initial ALL boxes): I am responsible for authorizing the purchase of recommended fixtures. These fixtures are NOT covered in the services provided by Tradavo. In order to successfully complete the Market Makeover, I must follow the required steps and understand that if any phase of the project is omitted or only partially completed the success of the Market Makeover Project will be compromised. I am responsible for providing a current inventory list to my Tradavo Designer so my shopping cart can be loaded taking into account items currently held in back stock inventory that are the same size and flavor as item recommended. In order to prevent project delays I authorize Tradavo to place ONLY my opening shopping cart order on my behalf. All subsequent orders will be the responsibility of the property. In exchange for the design and retail services provided by Tradavo, I agree to utilize Tradavo’s Supply Services for a period of no less than 12 months. Orders will be placed every 30-45 days to maintain inventory levels. My orders will conform to the planogram and shopping list created by Tradavo. A Design/Labor Fee of $750.00 will be waived in exchange for our property utilizing Tradavo as the exclusive supplier of products for a period of no less than 12 months. Should I discontinue ordering from Tradavo prior to the end of the 12 month period I will have the option to extend my contract the required time-frame or be required to remit the design fee. I agree to provide photos immediately after the set-up of the shelf management system in order for my Tradavo Designer to evaluate and make any necessary recommendations. I agree to release any before or after photos to be used in Tradavo Case Studies and marketing materials. I agree to provide requested photos and revenue data (used to track the profitability of your Market) every 3-, 6-, and 9months as requested by Tradavo. I will submit this information within 7 days of Tradavo’s request. My Market Installation will be used in case studies including photos, revenue data and comments/feedback. ______________________________________________________________________________ Owner / GM/AGM Approval - Signature Required (please print name as well) _________________ Date Property Name:______________________________________________________________________________________________ Property Address: ____________________________________________________________________________________________ ____________________________________________________________________________________________________________ Management Company:_______________________________________________________________________________________ Phone #:____________________________________________________________________________________________________ 3|Page Name Title Email Phone General Manager (property) Assistant GM (property) Market Champion (property) VP/Director Operations/Purchasing (management company) (Note: If you do not have a person specifically assigned as a Market Champion, we highly recommend appointing someone). Sign and Fax to: 800.601.8978 To expedite approval of your project and reduce paper waste, you may submit your approval electronically! 1. Send your approval email to design@tradavo.com using the subject: Retail Service Agreement Approved. 2. In the body, please include the line: I have read and agree to the requirements of the Tradavo Retail Market Makeover. 3. Include your Electronic Signature by providing property name, first and last name, and title (approvals must be approved by GM or AGM). 4|Page Tradavo Market Makeover In order to help Tradavo Retail Services serve you better please provide the following information. Please fill out the form completely. If you do not have any of the categories below please enter N/A next to the item. Property Name: Contact Name: Guest Profile (circle applicable categories): Refrigerator Freezer Microwave Medications/Toiletries Display: Medications/toiletries are displayed how Dimensions of cabinet/wall Finish of display (circle or specify if different) Display peg hook length Please list any give-away items you provide guests Shelves for Market: Business Travel Full-Size Full-Size In Market Family Vacation Slatwall Height cherry maple 2” 4” oak Interstate Travel Half-Size Half-Size In Guest Rooms Cabinet Width _____________________ 6” 10” 6” 10” Adjustable Fixed Shelves are (please check selection): Flat Angled* Shelves are (please check applicable): Shelf Quantities (If you have multiple shelf sizes in your market, please list them separately on the lines provided.) Number of Shelves (with first dimension) Shelf Depth A (back of Width A (inside shelf to front of usable dimension – right side shelf surface) to left side.) Number of Shelves (with second/different dimension, if applicable) Number of Shelves (with third/different dimension, if applicable) Shelf Depth B (back of shelf to front of usable shelf surface) Width B (inside dimension – right side to left side) Shelf Depth C (back of shelf to front of usable shelf surface) Width C (inside dimension – right side to left side) To Measure Each Shelf: Shelf Height: measure each shelf, inside height, bottom to top Shelf Width: measure each shelf, inside width, left to right Shelf Depth: measure each shelf, inside depth, back to front. Only measure up to trim facing or metal bar. Overall height of shelving unit or slat wall unit where consumable products will be merchandised: *Prior to measuring and the installation of your shelf management system please ensure all shelves are FLAT to fully optimize your display. Complete all sections and fax to: 800.601.8978 or email to design@tradavo.com using the subject: Retail Service Information 5|Page PLEASE USE THIS AREA FOR A ROUGH FLOOR PLAN OF YOUR SPACE IF APPLICABLE. 6|Page