How would you measure the business performance of each store using the sales data? On information only gives the units sold and the unit cost can know how much each store sold per month in the city and we can analyze what is the store that has the most sales for a determined period of time. But in order to make a deeper analysis we need to know the cost of the product. What data is missing in the data to measure business efficiency? Cost of the product‚ and general costs. Now doing analytical
Premium Marketing Personal computer Problem solving
Retail Manager as TrainerBy Malcolm Fleschner‚ Monster Contributing Writer Since founding The Friedman Group‚ a global retail consulting and training organization‚ in 1980‚ Harry Friedman has heard plenty of excuses from retail store executives who refuse to provide much training to their front-line store employees. One of the most common is: "What if I train them‚ and they leave?" Friedman says this is the exact opposite approach they should take. He suggests a better question is‚ "What if I don
Premium Sales Retailing
Standards of a Retail Store Working in a retail store takes a lot of organization and great customer-employee relation. For that reason‚ we have rules and policies. To have a good customer service a retail store needs a floor plan. At American Eagle we have three different areas‚ the sales floor‚ the fitting room area‚ and the register area. The first area is the sales floor. The sales floor is the most important area. Because it is the time we create the relation between the customer and de employee
Premium Sales Customer service Customer
has in all 2500 stores. * Internationally Aldi has 9800 + stores which are present in Denmark‚ France ‚ U.K‚ Austria ‚ Australia ‚Hungary ‚Switzerland to name a few. ABOUT ALDI * Aldi specializes in staple items‚ such as food‚ beverages‚ toilet paper‚ sanitary articles‚ and other inexpensive household items * Many of its products are own brands‚ with the number of other brands usually limited to a maximum of two for a given item. * This increases sales for each article‚ and allows
Premium Supermarket Shopping cart Trader Joe's
----A STORE FOR YOU The name of the store is Sonics A store for you. This store sells many different kinds of things such as clothes‚ accessories‚ shoes and many more things. The target market of this store is: that it sells to all age groups (from newborn to older people) and all genders. Product and Service Management The sales are located at the back of the store. It is in the back because people have to go through the entire store to get
Premium Marketing Sales Customer service
A PROJECT REPORT ON “DESIGN AND LAYOUT OF A RETAIL STORE” IN PARTIAL FULFILMENT OF THE REQUIREMENTS OF MASTERS IN MANAGEMENT STUDIES UNIVERSITY OF MUMBAI VIVEKANAND EDUCATION SOCIETY’S INSTITUTE OF MANAGEMENT STUDIES & RESEARCH. UNDER THE GUIDANCE OF: PROF. E. LAKSHMINARAYAN PREPARED BY: DINESH GURNASINGHANI SPECIALIZATION: MARKETING MMS (2010-2012) DECLARATION I‚ Dinesh S. Gurnasinghani‚ student of MMS at Vivekanand Education Society’s
Premium Retailing
Evaluating two successful stores and two unsuccessful stores The retail industry is extremely competitive particularly during the current economic conditions when customers have limited spending power (Bloomberg‚ 2009). Therefore‚ it is crucial that the business owner assess all of the factors which determine the profitability of a store. Since the financial figures are unavailable for all of the different outlets‚ the success of the store will be assessed using the same physical factors which
Premium Marketing Management Strategic management
INTERART FINAL BILL - 500 sqft Annexure A- Civil & Electrical SR.NO. 1 1.1 ITEM CIVIL WORK Doors P / F Glass Door - 1000x2100‚ 12mm thk. Toughened glass (Trutuf / Gurind) door with patch fittings ‚ door spring ( DORMA) comprising of locking arrangement and SS handles 900mm long‚ 25 mm dia. Of Dorset make‚ including mirror edge polishing etc com P / F Flush Door - 750x2100‚ 35mm thk. flush door‚ of make Kitply/Greenply or equivalent‚ with Merino Vertiline 21065 & 21069 laminates on both sides as
Premium Electrical wiring Cable
The relationship between online sales and in-store sales in China STUDENT NAME: Jack (Qiwei Zhang) COURSE NAME: Pre-MBA SUPERVISOR: Glenn.Francis DATE OF SUBMISSION: 09/10/ 2013 1.Introduction As the China’s economy developing very fast‚ the demand market is growing dramaticly. The growth rate of sales online and in-store will grow at the same time. While the sales online tends to be more powerful at this stage‚ it will take enough market shares
Premium Electronic commerce Retailing Online shopping
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
Premium Retailing