Retail Concept

noreply@blogger.com (Anonymous) — Wed, 04 Jun 2014 03:54:00 +0000

Retailer is a person, agent, agency, company or organization reaching the Goods or Services to ultimate consumer

Retailers perform specific activities:

Anticipate customer wants
Stock product assortments
Acquire market information
Finance Retail business

RETAILING CONCEPT

Retailing may take place through:

Retail Store
Mail
Internet
Door-to-door

Retail services like Restaurants, Hotels, Parlour, Health Services, car rentals, Travel

Strong economies have a strong Retail sector

Entry in retail sector is easy, hence results in fierce competition

Retail must perform its primary role of catering to customer satisfaction

Retail stores of different sizes face distinct challenges. Their sales volume influences:

- Merchandise purchase

- Promotion & - Expenses Control

Last decade has seen tremendous changes in Retail Business – from made to order to ready to wear, from counter sales to self service, emphasis on value addition and cost reduction.Retail improving inventory management through systems – faster turnover, better profitability, fast changing customer preferences for assortment of goods and services. BETTER CUSTOMER CARE.

Retail concept India

noreply@blogger.com (Anonymous) — Tue, 03 Jun 2014 20:07:00 +0000

Retail :- Business activities involve Selling of Goods and Services to Consumers for their Personal, Family or Household use. Retailing is the last stage distribution process.

Wholesale is an intermediate where Goods and services are sold to Business customers. Retail is customer focus.

ORGANISED RETAILING, in India Organized Retailing is 2%. Retail sector highly uneven, Retail chains like Wal Mart, Metro, McDonalds, KFC etc brought Rapid Growth and consolidation of Organized Retail .Rapid rise of Income levels and accompanying changes in lifestyles greatly contributed to growth of Organized Retail.

In India, increase in Disposable income, Purchasing Power of growing Middle Class beneficial conditions for growth of Organized Retail. Indian Retail environment different from that of western countries

- Cities congested, large population in rural areas.

- Smaller purchases, limited household space.

Retail insight India

Retail Concept

Retail concept India