Indian retailing is currently largely urban and based on models emulated from the US. This implies eye-catching displays can do wonders to Retail management to internet retailers essay sales. Initially, the management used a similar business model as Giordano did.
They also demanded quality service from frontline staff, garment alteration service and goods returns and exchange. The huge potential can be tapped if the following three aspects are stressed: What is missing is a clear connection to Indian realities.
ETIG Economic times estimate guide estimates that the retailing industry will cross the 37, crore sales mark by the year and could even exceed this level if the flow of investment in the sector accelerate.
Foreign Direct Investment FDI in the retailing sector is not permitted yet, in order to protect the interests of the small retailers. Since China had lifted restrictions on the operations of foreign retailers as part of its WTO agreement.
Some retailers are doing this and have massive expansion plans in place.
Rural households in India form about 72 percent of the total households- a huge market. Consumer response to supermarkets has been moderate because most do not have access to transportation to a supermarket and are still in the habit of buying fresh produce daily from local stores.
Retail may soon see FDI coming in.
Their success was mainly attributable to their competitive pricing, extensive sales channels, especially in the second- and third-tier cities. Nowadays, Internet provides a new retail format, usurping the traditional dominance of fixed location stores.
For about two thirds of the UK the most important thing they look for in any shoe would be the comfort feature. Also literacy rates in villages have increased considerably, thus bringing about a shift in consumer tastes. At the same time retailers must focus on the most demanding customers who want customization, value and service.
Competition in the industry is strong; there are a number of established players in the shoe industry with established market positions, brands and reputations. Over a quarter of all consumers only buy shoes to replace ones that are worn out. Special moment These are not the simple shoes.
Their sense of fashion was highly influenced by European luxury brands and by Japanese style and pop culture to a lesser extent. After grappling against the wild tides of the past decade, a few perseverant players have evolved into mature players and are confident of the way ahead.
There is a huge untapped potential in the rural market for retailing. Self-serve supermarkets are a more recent phenomenon in India. It provides more freedom to retailers to enter the China market.
Higher-income consumers focus more on convenience and quality. Even the current consumption of certain durables and non- durables by rural customers is more than that of urban consumers.How can service enhance the management of the retail mix?
Illustrate your answer with examples from retailers with which you are familiar. In retailing, service is perhaps the most important factor in determining the success or failure of a brand. Impact of retail sector in India: In India, the retail sector is the second largest employer after agriculture.
The retail industry in India is estimated to employ about 10% of the total labor force. The retail industry in India is enjoying boom time and job opportunities in retailing have been increasing.
Read Retail Management free essay and over 88, other research documents. Retail Management. been losing customers due to stiff competition from companies such as JD sports, Sports direct, new look, Primark and internet specialists, the main aspect of these companies is that they are able to strengthen their hold on the ‘young' market.
Retail Management & Strategies – Essay Sample Working in retail is one of the most demanding jobs in the world. When individuals are also responsible for managing retail departments, the difficulty grows exponentially.
Internet Retailing is the most groundbreaking and challenging innovation for the retail industry since the last two decades. It offers a new kind of distribution channel and incomparable options of collecting customer data and analysing buying patterns.
The Introduction To Retail Industry Management Essay CHAPTER 1. Customer’s demand are constantly changing and intensifying which induce the retail industry rose with highly competitive sector.
In people were employed in retail trade nearly million (Bureau of Labor Statistics (BLS), ).Download