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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Food Retail-Price Comparison In Thailand David J. Schaffner‚ Blaire Bokal‚ Scott Fink‚ Kimberly Rawls‚ and Jeremy Schweiger Rapid growth of the Thai economy in the 1990s led to dramatic changes in food retailing. The traditional food-distribution system—hundreds of thousands of fresh markets that sell fruits‚ vegetables‚ meat‚ and fish‚ along with small mom-and-pop food stores that distribute dry goods—is giving way to modern supermarkets‚ hypermarkets‚ and convenience stores‚ all being developed
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Retail Loyalty Programs Loyalty Programs in retail : An overview What is a loyalty program ? Loyalty programs are the schemes designed with an intention to retain existing customers and attract new customers by rewarding a customer with both hard and soft benefits for his loyalty and patronage. Classification Loyalty programs (either on the shop delivery ’ or web based ’) can be classified either based on types of rewards and recognition tools used or the mechanism by which customers earn
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– Retail and Marketing Strategy Bissell established FabIndia in 1960 in order to fuse the best aspects of East/West collaboration. By the early eighties‚ they p gg started producing garments made from hand woven and hand block printed fabrics. Started as an export house has today become a successful retail business. Today they have retail outlets in all major cities of India - 97 at last count - in addition to international stores in Dubai‚ UAE; 3 stores in Bahrain; Doha‚ State of Doha Qatar
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Emerging Trends in Modern Retail Formats & Customer Shopping Behavior in Indian Scenario: A Meta Analysis & Review “If at first the Idea is not absurd‚ then there is no hope for it.” -Albert Einstein Aditya P. Tripathi* Abstract The Indian retail sector is going through a transformation and this emerging market is witnessing a significant change in its growth and investment pattern. Both existing and new players are experimenting with new retail formats. Currently two popular formats hypermarkets
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Study of Organized and Unorganized Retail Sectors in Bangalore Mihir Dash* & Sam Chandy** Abstract This study analyzes the challenges and opportunities faced by organized and unorganized retail players in Bangalore. It was found that organized retailers see competition from the unorganized sector as their biggest challenge‚ followed by competition between organized retailers and the inefficiency of distribution channels‚ internal logistical problem and retail shrinkage‚ while unorganized retailers
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Retail Format Area (sq ft) Convenience stores 500 – 1‚000 sq ft Supermarkets 1‚000 – 10‚000 sq ft Hypermarkets Above 10‚000 sq ft A supermarket‚ a large form of the traditional grocery store‚ is a self-service shop offering a wide variety of food and household products‚ organized into aisles. It is larger in size and has a wider selection than a traditional grocery store‚ but is
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architecture‚ food and customs differ from place to place within the country‚ but nevertheless possess a commonality. India is the only country in the world to have so many religions and beliefs. The culture of India is an amalgamation of these diverse sub-cultures spread all over the Indian subcontinent and traditions that are several millennia old Religions and spirituality India is the birth place of Hinduism‚ Buddhism‚ Jainism and Sikhism‚ collectively known as Indian religions.[5] Indian religions
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RETAIL MANAGEMENT Retail Mix-Reliance Fresh Submitted By: Donna Antony P13176 COMPANY PROFILE: Reliance Fresh is the convenience store format which forms part of the retail business of Reliance Industries of India which is headed by Mukesh Ambani The company already has in excess of 560 reliance fresh outlets across the country. They started their retail journey in November 2006 with its first Reliance Fresh store. Today it operates in over 93 cities across India with 700+ stores with a family
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When India attained independence‚ she was no nation‚ she was divided into princely states and provinces; she was backward economically‚ educationally‚ scientifically and even culturally. It needed men of genius and destiny like Gandhi‚ Nehru and Patel to knit her into a nation. Since the dawn of independence‚ we have been striving to solve various problems facing the motherland to make her a united democratic and solvent nation. What we have achieved is praiseworthy‚ what we have failed to achieve
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