Expanding grocery stores can maintain efficiency via cash counters
A cash counter is a useful tool for any business that deals with large amounts of money on a daily basis. Grocery stores in particular see considerable numbers of customers every day and it's important that their back-of-house cash handling abilities are adequate so they maintain productivity; this is especially true in areas that are high in customer foot traffic.
A Toronto-based grocer is opening a new location in the city's busy One York/Harbour Plaza complex. The area is a retail and urban residential hub and the grocer's ability to adapt to its new location and customer base could help determine its success.
Cash counters can help grocery stores process large profit amounts efficiently
Coppa's Fresh Market is a family-owned-and-operated grocery store with four locations in the greater Toronto area. The grocer is bringing a new store to the One York Street retail shopping space on the city's south side, which is managed by Menkes Developments Ltd, according to a press release from the development company.
The market, which sells locally sourced products and international brands of food, will occupy a 20,000-square-foot space and will also feature a dedicated restaurant and wine bar, according to reports from Canadian Grocer. Its doors are slated to open in early 2018.
According to a Menkes case study of the building, One York Street is an 800,000-square-foot multipurpose business and living space. It features 200,000-square-feet of retail, restaurant and public leisure space, and a four-level underground parking garage featuring 12 car share spots and nine charging stations for electric vehicles. The building is also connected to Toronto's system of subterranean walkways known as PATH. These networks of passageways see around 200,000 people each business day and connect the numerous downtown business and amenities to one another and to public transit, making it easy for shoppers to travel to and from the plaza.
"[The south core] is the most exciting new area in Toronto and Coppa's wanted to be a part of it," said John Louie Coppa, Coppa's Fresh Market president, via email to the Canadian Grocer. "The lower precinct is on a massive growth track and we feel our brand would fit very well with the people who live, work and play in the area."
Businesses in high-traffic areas that lack the tools necessary to process large amounts of bills are ill-equipped to efficiently open new operations. Cash counters can aid grocery stores streamline processes.