introduction
The retailer is considered to be the midway between the wholesaler or the producer and the consumer but this does not make a retailer worthless or reduce its importance but actually the benefits coming for a retailer is much more than just delivering the products to the final consumer, as it provided many merits for organizations, government and individuals. For the reason of the design of the role of the retailing in the helping the country and the society, there would have been many major problems if retailing did not exist as retailing solved and dealt with a lot of issues and problems that faced the country. if we measured on the level of importance, retailing is one of the industries that no country can get rid of, although
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Its main purpose is to make it accessable for the market to record this number as an indicator for the economy, retailing role in the national economy as an analysis for the retailing role in the economy it states that basically based on the idea that retailing is a definite necessaty in the economic system in the society as it makes all the products and services obtainable and easy to access according to their demand. The retailing could be through small stores or through commercial large areas, on either hands the role stays the same. The only issues that is highlighted is the method of supplying the goods, the diversity of assortments and the diversity of the methods of sales.
From the consumers point of view retailers are seen that they provide them with the demanded goods whenever and wherever they want it, in the wanted amounts. From the economic point view, a retailer's role is to provide the consumer with a real added value product or service (Pradhan, 2009). These utilities comes out with some perspectives which introduce some challenges for the retailing
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Besides a lot of multinational foreign companies were attracted to and showed interest in India due to the organized retailing system. Therefore it shows that the retailing system in India is driven by economic growth and changing demographics of consumers.
Functions of retailing
As an overall international evolution of the global economy it says that retailing one of the most dynamic economic sector and it passes through changes and development in all areas such as forms of distributions and the methods of sales.
As a fact retailing is the link between the consumer and the producer as it generates some certain functions in the movement of goods, according to (Patriche and Stanescu, 1999) these authors suggested that retailing has three main
P5 In this task am going to explain the reason behind the choice of media and objective of the media in business and the method that I use to promote my product, media this this is the mass communication such as social media, television, radio, printed media such as magazines, newspaper and etc. this helps us to promote our business by saving time and sometimes money such social media this helps us to save money which helps us to save our cost in other business act Objectives of media To create awareness It brings awareness about the upcoming products or services, its provide information about the product how it used, theprice of the product, the place where the customers can get the product, if there any effect when using it wrongly, so this
Rivalry in this industry is very high due to the huge number of competitors and the slow growth of the industry. In the US, discount retailers must compete with each other, and other retailers such as supermarkets, wholesale clubs, online retailers, category specific retailers as well as drug stores. In addition, most of the products offered by these retailers are homogeneous and therefore the retailer are forced to compete on price. In the discount retail industry, the differentiation in products are minimal and therefore there is high rivalry among the competitors. Companies like Target must be innovative in order to come up with creative differentiation styles from their competitors.
Growing, cross-channel data volumes The rise of mobile, tablets and social media has accelerated the growth of available customer data. A typical retailer knows not only the basic demographic information about a customer, but purchase history, call center interaction, mobile/social interaction, supply chain data and more. The sheer volume of information available to retailers is unprecedented, even for brands that have years of experience analyzing customer data. 2.
The company was founded by the current CEO in 1970. Its journey began with one store that offered second-hand clothing, furniture, jewelry, and home décor for college-aged customers in a casual fun environment. Its journey began with one store targeted towards college-aged customers. The store was originally named Free People but soon changed to Urban Outfitters. After a decade, the company opened its second retail store.
The retail brand has formed a close association with its employees thus ensuring that they also play an active part in decision making. In effect, the company has divided itself into different segments that enable the manufacturers to produce goods that move fast within the
Introduction As the world we live in today continues to flatten, new channels begin to emerge across the globe. The technological age that we live in today has forever changed they way retailing functions, creating new opportunities for international success. However, the thought of internationalization can be daunting for many retailers, especially due the large history of retailers who have expanded internationally and then failed. Although this type of expansion can be overwhelming, if done properly, the new retail format can generate a great deal of success for the retailer.
Being an obsessive and young psychologist he expressed his unique thoughts as a science of displaying and storing products at outlets. These were specifics about success and failure upon the philosophy of retail anthropology. This theory also concluded the reactions of a customer behavior upon certain changes. The author gave some useful examples to quote his explanations and to elaborate what exactly happen. These are some live events and some are described in his thoughts and experiences.
The adoption of new technologies and trends is being facilitated in the industry for the competition and the customer’s overall experience. Many suppliers that are having similar strategies face a strong competition. The barriers for exiting the markets are high. Products and services of are undifferentiated leading the customer to focus on the prices offered. Low market growth, so it can be increased only by taking another firm’s market share.
3. INTRODUCTION Today retailing services has become very much important in the competitive environment. Customer service quality has been widely used by the retailers as one of the important strategy. Retailing is the second largest employment provider after agriculture.
In this era of globalization, the supermarket industry is one of the common investment sectors. It is also forming retail common categories of food products such as fresh and meats, poultry and seafood, fresh fruits and vegetables, canned and frozen foods as well as various dairy products. Investment in this industry can be profitable if succeed but bear in mind that risk still exists if monitoring process is not carried out. Therefore, Professor Michael E. Porter from Harvard Business School has introduced a tool for purposes of analysis potential industry which is the most profitable and potential. Porter stated that five forces are deciding an industry either beneficial at future or it will become a case study and commerce practice (Porter, M.E., 2008).
This new process represented a major change in channel ordering and logistics and established the basic principles of CRP. In order to improve logistics in the channel, P&G began shipping products based on retail demand data, placing orders automatically for the retailer. Second, P&G rewrote their OBS.A key element of the new ordering process was the development of common databases for product, pricing and policy specifications. The common databases developed to support simplified pricing, were designed to provide data directly to the customer 's own system electronically. Third, P&G moved from Brand to Category Management.
While many manufacturers rely on third party retailers to sell their products, it has become important for manufacturers to add a direct-to-consumer mix in their distribution supply chain strategy (Diorio, 2016). As a result, Dyson should sell the new product directly to consumers through its website. In addition, by selling the new vacuum directly to consumers at its existing brick-and-mortal stores Dyson will have the opportunity to demonstrate the technology in person and provide a world-class customer experience (Cuthbertson, 2016). However, until it becomes realistic for the firm to establish a wide network of physical stores, Dyson should market the new vacuum through retailers.
Introduction Fendi was started after Edoardo and Adele Fendi married, they open a boutique that sold leather good and fur workshop. It is the post-war period, which the middle class trying all sorts of ways to recover. Because of the historical and the background the shop is an immediate achievement (Fashion, 2013). Edoardo and Adele Fendi had five daughters, all five of them began working in the shop as early as age between fifteen to eighteen. Each of them taking different responsibilities in the shop as required.
It demonstrates how IKEA utilizes an intricate system of distribution to ensure timely delivery of products and maintain top customer satisfaction levels. It will also show the various strategic fits of IKEA, and the implementation of unique solutions in order to achieve its competitive strategy. Towards the end, process improvements are also suggested to facilitate
1.0) Introduction 1.1) Background During the past decades, the retailing industry has gone through many important changes. Saturated markets, fierce competition, and the turbulent macro-economic environment have condemned retailers to reconsider their retail strategy. Actually there are four factors which have constantly been reshaping the world of business – technological advances such as the internet, the loss of geographic advantage resulting from globalization, the shake-up of the traditional industries as a result of de-regulation and the rising power of the modern and complex consumer. However one of the most important factors remains the evolution of the Internet.