RETAIL OPERATIONS Course Material for Master of Fashion Management Students. RETAIL OPERATIONS Definition of Retail Operations Retail Operations professionals manage retail establishments on a daily basis‚ and are responsible for maximizing store profits. The National Retail Federation (NRF) reports that retail operators may also manage human resources and loss prevention. The retail store is of prime importance to the retail origination‚ for two reasons. • The retail store is the primary
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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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STAFF COLLEGE‚ KOLKATA A GUIDE TO RETAIL LENDING (UPDATED UPTO 30/09/2013) A. Centralised Retail Banking B. Fraud Preventive Measures in Retail Segment C. Retail Lending Schemes 1 : ALLBANK DREAM CAR (MODIFIED) 2 : ALLBANK AASHIANA ( MODIFIED) 3 : PREMIUM HOUSING FINANCE SCHEME FOR HIGH NET WORTH INDIVIDUALS (HNIs)(MODIFIED) 4 : HOUSING FINANCE SCHEME FOR NRI/PIO 5 : HOUSING FINANCE SCHEME FOR FURNISHING‚ RENOVATION &/OR REPAIRING OF HOUSE/FLAT 6 : ALLBANK SARAL LOAN SCHEME 7 : SARAL-2
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INTRODUCTIONIndia represents an economic opportunity on a massive scale‚ both as a global base and as a domestic market. Indian Retail sector consists of small family-owned stores‚ located in residential areas‚ with a shop floor of less than 500 square feet. At present the organized sector accounts for only 2 to 4% of the total market although this is expected to rise by 20 to 25% by next 3 years. Retail growth in the coming five years is expected to be stronger than GDP growth‚ driven by changing
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PIGGLY WIGGLY : A SUPERMARKET FRANCHISING GIANT PIGGLY WIGGLY (WWW.PIGGLYWIGGLY.COM) is a franchisor with over 6000 supermarket units that span the southern states from Louisiana to north Carolina. In addition‚ Piggly Wiggly franchises about 20 stores in Wisconsin that are owned and operated by fresh brands (www.freshbrands.com) ‚ a wholesalers that uses the fresh brands name. Any independent supermarket can become a Piggly Wiggly franchisee by signing a franchise agreement and paying a percentage
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TOPIC: Impact of Indian Organized Retail Chains On Unorganized Retail Sector India is in the midst of a retail boom. The sector witnessed significant transformation in the past decade and that is unorganized family-owned retail formats to organized retailing. Many international brands have entered the market. With the growth in organized retailing‚ unorganized retailers are fast changing their business models. However‚ retailing is one of the few sectors where foreign direct investment (FDI) is
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Discuss how the objectives of the business influence the choice of stock management approaches INCREASED SALES AND PROFIT MARGINS Explain the possible sources of information for stock management PAST RETAIL SALES These are appropriate for stock management as they can see which products are preferred and how well they are doing. It can also help by giving Veggie Rocks the data for what consumers may want next month‚ therefore helping to improve future sales. CUSTOMER FEEDBACK Sales are a major
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History 121 Chapter 7 #1. As the Minoans civilizations we have limited records but we can say they were masters of seas and great shipbuilder‚ which allow them the trade by the seas‚ also they have a base religion using bull leaping not only as a sport‚ if not as a penitence on their religion practice‚ they constructed big cities and palaces for their ruler an example is the Palace of Knossos where the legendary Kind of Minos lived. After the end of the Minoans civilizations there are not
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Zara’s information Technology strategies and the diatribe between Salgado‚ The Head of the Department and Sanchez ‚ his assistant‚s concern upgrading the operating system and the implementation of a new IT system to fulfill the needs of a fast growing retail chain. Despite the fact that Zara is over performing in their core business and that they are not showing big problems inside their structure‚ this shouldn’t be seen as a pretense to dodge updating the Software. Here we see Sanchez’s sight who confide
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Retail Tracking Systems Retail Pro or MicroStrategy? Retail Pro is Business Intelligence software that enables retail store owners to customize a “Point-of-Sale” (POS) method of retailing. The key feature of this software is the ability to create multiple revenues of sales inside one store. The software allows employees to select from an array of add-on modules to run a retail establishment using strategic planning and undergoing the various tasks involved operating a retail establishment.
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