TYPES OF RETAIL FORMATS 1. CHAIN STORES: • Chain stores are retail outlets that share a brand and central management‚ and usually have standardized business methods and practices. • These characteristics also apply to chain restaurants and some service-oriented chain businesses. • In retail‚ dining and many service categories‚ chain businesses have come to dominate the market in many parts of the world. Chain stores are a form of franchising. • The world’s
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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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In this paper the most common services characteristics‚ namely perishability‚ intangibility‚ inseparability and heterogeneity will be applied to a well - known retail services brand. In this case the focus shall be on how the aforementioned characteristics apply to Starbucks. In order to better understand the problem the history of the company alongside current corporate objectives will be briefly described. In the following paragraphs the notice will be mainly on the retailer’s ability to cope with
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Retail Business Analysis BUS620 07/16/12 Retail Business Analysis Payless Shoesource‚ Inc is one of the largest foot wear retailers in the United States. I got all my shoes‚ before I was fifteen and bought my own shoes‚ from Payless Shoesource‚ Inc. This is one reason I thought of Payless to do this retail business analysis on. Payless has a large selection of shoes including children‚ women‚ and men shoes at reasonable prices. Payless Shoesource has a definite generic‚ and segmentation
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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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Role of CRM in Retail CRM has been defined as a process; as a strategy‚ a philosophy‚ a capability‚ or as a technological tool .However‚ CRM is definitely more than just technology. While technology is a key enabler‚ it is only a means to the end and most authors view CRM as a combination of strategy and information systems focusing company’s attention on customers in order to serve them better (Chan‚ 2005). CRM is considered to unite the potential of relationship marketing strategies and
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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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o How has technology changed the role of retail managers? o How has the technology improved retail management‚ not just how technology has improved? Provide specific examples. o What‚ if any‚ are the downsides to the technology that may present challenges to the retail manager? Effectiveness of Technology Consumers have many choices when deciding where to purchase their goods. While retailer managers are deciding how to win the consumer’s business and increase revenue‚ they are also constantly
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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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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 obstacles
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