FUNCTIONS OF RETAIL MANAGEMENT When attempting to start a business‚ having a keen understanding of the goals of management through the main four management functions is one key to seeing success‚ both with the operation and with employees. With this said‚ a vital part of planning of the management end will involve three important activities. The first stage‚ "planning involves developing a systematic process for attaining the goals of the organization...Leaders make change happen through planning
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years of experience in Retail‚ FMCG &Telecom Sales .Well versed with International Retail Standards‚ service quality‚ Pricing‚ Merchandising and Purchasing. * QUALIFICATIONS M.B. A. (Marketing)Mahatma Gandhi University‚ Kerala‚ India(2005) B. COM University of Calicut‚ Kerala‚ India (2003) * SOFTWARE APPLICATIONS Software’s : ERP‚Tally 7.1‚ Peachtree‚ RSG & Ulti Sales MS Office : Excel‚ Word‚ Access‚ PowerPoint &Outlook * KEY SKILLS Retail Store Operations P&L
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I. Major Steps in Merchandise Buying and Handling A. Merchandise management is the analysis‚ planning‚ acquisition‚ handling‚ and control of the merchandise investments of a retail operation. Exhibit 9.1 illustrates the major steps in the merchandise management process. 1. Analysis is used in the definition because retailers must be able to correctly identify their customers before they can determine the needs and wants of their consumers. 2. Planning is included because retailers must
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RETAIL LOCATION ANALYSIS GENERAL 1. What is the shopping mall builder/developer name? 2. Where is/are the proposed location(s) in the shopping mall? (State available floor unit numbers‚ and their corresponding available floor sizes) 3. What is the ratio of shop space ownership between developer and individuals? 4. What are the lease/rent quotations? 5. What is the lease length? 6. Is there a rent escalation rate? If so‚ what is the rate? (e.g. every 3 years?) 7.
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the growth in retail e-commerce. This growth represents an emerging‚ active market for online purchases‚ which Hudson’s Bay must capitalize on appropriately in order to remain competitive and avoid losing market share. Hudson’s Bay lacks in online presence and has failed to optimize their website‚ TheBay.com‚ for online shopping. Although online sales now constitute ~2% of total sales (increasing from $44m in 2010 to $83m in 2011)‚ it remains well below the ~10% average in the retail industry. Major
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Retail Politics Retail Politics is a maximum that basically means it’s not who you know; it’s who you get to know that really matters. This effects American politics because it influences politics in a way that you have to physically go to someone and make a connection so you can get ahead and makes politicians put effort in creating relationships. Also this stagey makes it easier to convince a small amount of people than a large crowd. For example Lyndon B. Johnson created this mastery of person
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Atmospheric Cues in Retail Stores: Their Effect on the Consumer’s Hedonic Retail Experience Introduction Retailers are finding it more and more difficult to differentiate themselves from their competition‚ specifically based on the four Ps of marketing; product‚ place‚ price and promotion. They have been forced to inquire about diverse and distinctive atmospheric cues‚ in order to attract and maintain customers and their loyalty. According to (Morrison‚ 2001)‚ elements such as colour
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Retailing The advantages of ethical retail are as follows: Higher revenues. Improved Brand‚ Business Awareness and Recognition. Better employee Motivation and Recruitment. There are several ethical issues to be considered in retailing. To be a throughly ethical-concerned company‚ we are going to take some actions to guarantee everyone from the owners to employees in our company know and understand what is ethic and make sure they act ethically during the daily selling practice.
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Zimbabwe Retail Sector: A look at some of the challenges presented by good economy growth. By Girland Chibaya A recent Economic Report for Africa mentioned that Zimbabwe is now ranked among the top 10 economic performers in Africa. While this is good news‚ what does this mean especially to those South African retail companies that are looking into investing in the country. A recent trend has shown that most retailers are starting to pay more attention to store growth to both South Africa and Sub-Saharan
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Independents An independent agent is usually family owned‚ they have been in the business for a long time and have years of experience and built up a lot of knowledge. They usually only have 1/2 branches and have a loyal customer base in their local area. Also they are independently owned. They are usually found in the back streets rather than on the high street or in shopping centres. An example of an independent agent is fails worth travel. The role of an independent travel agent is to sell holidays;
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