Case Study: National Discount Retailer Reduced the Cost and Waste Associated with its Store's Renovation Projects

How 1GNITE helped a national chain of discount stores reduce the cost and waste associated with its stores format refresh and renovation project by deploying a beneficial reuse program.

 

THE ISSUES

The largest national chain of discount retail stores initiated a comprehensive store format change and renovation project which created a lot of waste. The company was looking for ways to reduce the amount of waste associated with the program without hindering its progress. The company, which footprint spanned across nearly 17,000 stores (some of which were acquired), had inaccurate asset inventory information, and was severally understaffed. How 1GNITE helped a national chain of discount stores reduce the cost and waste associated with its stores format refresh and renovation project by deploying a beneficial reuse program.

 

THE SOLUTIONS

  • 1GNITE identified used assets that could be resold instead of recycled or landfilled.

 

  • 1GNITE created a network of local companies to remove the assets, repair the ones that were malfunctioning, and also resold and installed those assets in a variety of retail stores.

 

  • 1GNITE created a verification procedure to establish a reliable store asset inventory which allowed the retailer to effectively plan repairs, offer high quality assets, and maximize the return value.

 

  • 1GNITE’s turnkey program generated a revenue stream which helped offset the stores renovation costs.

The team at 1GNITE identified a way to reduce waste, foster the local economy by providing high quality assets to small retailers, all while saving us money. They managed the program from A to Z which allowed us to focus on other pressing matters.

Director of Facilities Management, National Discount Retailer

 

THE RESULTS

A hands-off program that reduced waste, reduced cost and fostered the local economy. A Win-Win-Win. The new program helped reuse over forty thousands assets that would have been recycled or scrapped. The new program turned a cost into a revenue stream, saving the retailer over $10M. Improved processes, accurate information, and savings without distracting employees from the stores’ core operation. High quality assets are collected, installed, and re-used locally – helping foster the local economy.

 

THE IMPACTS

  • The new program helped reuse over forty thousands assets that would have been recycled or scrapped.
  • The new program turned a cost into a revenue stream, saving the retailer over $10M.
  • Improved processes, accurate information, and savings without distracting employees from the stores’ core operation.
  • High quality assets are collected, installed, and re-used locally – helping foster the local economy.

 

 

1GNITE_Case Study_Recommerce & Liquidations

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