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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Introduction in the retail industry it is often taken for granted that goods and services are available for purchase‚ when demand for them has been initiated. The cornucopia that good in a retail store or supermarket are available seldom means that consumers have forgotten how products have been initially supplied. With the emerging e-commerce consumers have come to demand complete availability and home delivery at time suiting their lifestyles‚ consumer tastes and preferences have also altered
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Standard Operating Procedures in Retail: Standard Operating Procedure (SOP) is a set of written instructions that document a routine or repetitive activity followed by an organization. Operational procedures are vital to the business of running a retail store. Procedures typically cover all activities in the store‚ from sales transactions to customer support to inventory. The development and use of SOP has various advantages for the organization. Following standard operating procedures increases
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rationale behind the launch of its first retail format Pantaloons‚ a family departmental store. It discusses in detail the marketing and promotional efforts undertaken by PRIL for Pantaloons‚ which made the store one of the most successful lifestyle stores in India in the early 2000s. The case then examines the reasons for PRIL’s entry into discount store and food store businesses through Big Bazaars and Food Bazaars and discusses in detail the strategies and marketing efforts put in place by PRIL to promote
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Here’s a side-by-side comparison of online stores versus retail outlets. Online includes all transactions whether they’re from a retail store with an online store‚ manufacturer‚ or third party electronics outlet. WHO CAN BUY - HOW SOON DO YOU NEED IT Online: Most likely‚ you’ll need a credit card‚ Pay Pal account‚ checking account‚ or some sort of online financing option. You’ll have to wait for it to arrive through the mail. Retail: The easiest place to purchase products if you have the
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COMPARATIVE ANALYSIS OF RETAIL OUTLETS A Research Report submitted in partial fulfilment for degree of Master of Business Administration Submitted By: Jatin Kaushik E - 21 Manohar Reddy E - 24 Neeraj Pendharkar E – 28 Shaurya Malik E - 47 Vaibhav Sawhney E - 63 SYMBIOSIS INSTITUTE OF MANAGEMENT STUDIES SYMBIOSIS INTERNATIONAL UNIVERSITY‚ PUNE SEPTEMBER 2011 Acknowledgement We wish to express our sincere gratitude to Prof..Asha Nagendra our research professor at Symbiosis
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RETAIL PROJECT ON PIZZA HUT GROUP MEMBERS:- 1) JASMEET DUA 2) HITIKANT SAHOO 3) RAHUL GYANESWAR 4) RUDRA PRATAP HOTA 5) ASHUTOSH PRATAP SINGH CONTENTS 1) INTRODUCTION………………………………………..1 2) RETAIL ENVIRONMENT…………………………….2 3) POSITIONING…………………………………………...3 4) MARKETING STRATEGY…………………………….4 5) PRODUCT ASSORTMENT…………………………….5 6) PRICE POSITIONING………………………………….6 7) CUSTOMER PROFILE…………………………………7 8) CONSUMER PULL FACTORS………………………...8 9)
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Production function for a retail store. Adapted from the article by Charles A.Ingene and Robert F. Lusch‚ www.emeraldinsight.com: Retail is a growing sector and is also one where the effect of the global recession is visible. It is absolutely essential to ensure that the investments made here‚ as anywhere else‚ are well informed decisions ensuring its productivity at the highest level. It is important to ensure this because this is a significant component of the cost of marketing any good. This
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a consumer purchases products. Indian Retail Sector Indian retail industry is the largest industry in India‚ with an employment of around 8% and contributing to over 10% of the country ’s GDP. According to this year’s Global Retail Development Index‚ India is positioned as the leading destination for retail investment. There are about 300 new malls‚ 1‚500 supermarkets and 325 departmental stores being built in the cities very soon. The Indian retail sector is now worth about $250bn (£140bn)
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INTRODUCTION TO MARKETING Several definitions have been proposed for the term marketing. Each tends to emphasize different issues. Memorizing a definition is unlikely to be useful‚ ultimately‚ it makes more sense to thinking of ways to benefit from creating customer value in the most effective way‚ subject to ethical and constraints that one may have. The 2007 definition offered by American Marketing Association is listed below in several points. * A main objective of marketing is to create
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