RETAIL SPACE PLANNING THROUGH PATTERN RECOGNITION

In retail, macro space optimization is carried out at individual stores to allocate optimum space for each category. Each retailer has many stores and macro space optimization is experimented with different objectives such as expand space, reduce space and constant space of a store individually. Thus, the number of space recommendations analyzed at corporate level increases extremely high and making it difficult to bring key inferences out of these recommendations and creating challenges in implementation of results such as creation of planograms and floor plans. Embodiments of the present disclosure provide a method and system for identifying underlying patterns that reside in space recommendations across stores and creating drastically reduced number of floor plans and planograms in accordance with the identified set of patterns unlike large number of floor plans or planograms generated by state of the art space planning systems.