Retailing Concept includes customer orientation (where the retailer seeks to establish and maintain long-term relationships with the customer and the belief that profit and satisfactory return on investment can only be achieved by identifying‚ anticipating and satisfying customer needs and desires) and uses a coordinated effort (where the retailer integrates all plans and activities to maximize business efficiency) to be value-driven (where the retailer offers good value to the customer and has prices
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1) 7-Eleven was founded by J. C. Thompson in 1927 as The Southland Ice Company in Dallas‚ Texas. When an enterprising employee in a small ice storefront began offering milk‚ bread and eggs on Sundays and evenings when grocery stores were closed. This was the beginning of the convenience store industry as it is known today Franchise (7-eleven‚ n.d ).The company’s first convenience outlets were known as Totem’s stores since customers "toted" away their purchases‚ and some even sported genuine Alaskan
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Indian book retail Industry: An Overview The Indian book retail industry is estimated to be over Rs 3‚000 crore‚ out of which organised retail accounts for only 7 per cent.The industry is expected to grow by approximately 15 per cent a year.Book retail contributes only about 1 per cent to the overall retail industry. Text and curriculum books account for about 50 per cent of the sales. Second-hand books are also a big chunk of the book retail market. In the past few years‚ several large format
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Europe: A strong external trend on the Western European markets is a changed demographic structure that changes customer requirements. This in turn means new challenges for retail companies in order to satisfy new customer needs. For instance‚ from the German market the following demographic changes are expected to influence the retail industry; The total number of inhabitants is expected to decrease which
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in the retail industry I) Retail sales: overview For the period January-April overall retail sales have increased by 0‚7% in 2014 (from HK$172‚3m to HK$173‚ 5m): The small increase in retail sales in mainly due to the 14‚3% growth rate that occurred in January 2014. For three consecutive months retails sales have experienced negative growth with a peak of -9.8% in April 2014 as shown in the graph below. Retail Sales January-April
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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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in retail‚ is the location. Thus‚ in this study we reviewed both Cebu and Metro Manila to evaluate the potential of entering the retail industry and market in Cebu. Metro Manila is officially called the National Capital Region (NCR) and is composed of Manila plus 16 surrounding cities and municipalities. Metro Manila is considered to be the political‚ economic‚ social‚ and cultural center of the Philippines. The most prominent cities that serve important roles in the business and retail in
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not undertake a marketing programme that is not built on a firm foundation of market knowledge." Identifying market opportunities is critical to the development and survival of an enterprise. When identifying new market opportunities‚ managers need to examine a variety of factors involved in entering or not entering a market including the market ’s structural barriers to entry and the competition. A good market analysis should include: Information on industry strengths Assessment of
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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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About Retail Logistics Logistics is a process of planning‚ implementing‚ and controlling the operations of the supply chain activities to look upon the customer needs more efficiently. It involves planning and management of all activities involved in sourcing and procurement and in conversion of final products. The use of logistics in the Retail industry has led to low fulfillment costs‚ shorter delivery times‚ and enhanced ability to focus on service delivery rather than on administrative processes
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