retail

“Retail banking is typical mass-market banking where individual customers use local branches of larger commercial banks. Services offered include: savings and checking accounts, mortgages, personal loans, debit cards, credit cards, and so” The Retail Banking environment today is changing...

In early 90’s, K. Raheja Group started a mega Apparels stores in Mumbai- ‘Shoppers Stop’. Initially, the group was averse to start outlets at South Mumbai for various reasons like low walk-ins, space constraints, narrowed target audience etc. However the success of Crossroads, an ardent...

Today the number of smaller retailers ($500pa) has shot up from 40% in 1990 to 54% in 1996, whereas the number of large stores (turnover of $3000pa) increased from 2.8% to 6.5%. Thus though large retailers are growing the smaller outlets are growing even faster. However changing shopping...

In last couple of years this industry has made agile move from its nascent stages. Organized retailing started picking up in Southern India. Availability of land at prime locations coupled with cheaper real estate prices (compared to Mumbai & Delhi) made it possible to have multi stored shopping...

Traditionally retailing has not been a structurally organized industry in India. Organized retail network was seen only in fabrics, with large mills building their own exclusive stores e.g. Raymond’s, Bombay Dyeing etc. Currently there are about 5130000 retail outlets selling about Rs4790bn...

Apparel manufacturers of the future respond to consumer needs at the speed of light. Through the 1990s, manufacturers struggled to meet the demands of larger retailers, adding more services, and being more responsive. But it was not fun, and it was not always pretty. Much focus was placed on...

Retailing, today, provides jobs to roughly 15 % of employable Indian adults, & is perhaps the largest contributor to India's GDP. But the flip side of the coin is that today practically there are no institutes offering retailing as a vocational / professional education. Whereas the growth of...

Thanks to a massive population and indications of better levels of disposable incomes side by side with awareness emerging, retail is being seen as a massive emerging opportunity in India. Naturally, since retail revolutions took place in the more developed markets much earlier, the feeling is...

RETAIL INFORMATION SYSTEMS: For any retail strategy, gathering and reviewing information is valuable. For this, retailers use the RIS (Retail information systems) which anticipates the information needs of retail managers; collects, organizes, and stores relevant data on a continuous basis...

RETAIL PRICING: Pricing is a crucial strategic variable due to its direct relation with a firm’s goals and its interaction with other retailing elements. A pricing strategy must be consistent with the retailer’s overall image, sales, profit and ROI goals. Pricing strategy: A retail price...

A retail firm must identify the characteristics, needs and attitudes of consumers and then devise an appropriate target market plan. It must consider the demographics, lifestyles, consumer profiles, shopping attitudes, decision making process of its target market. Comprises of 4 aspects: ...

A retailer’s ability to devise & apply a sound retail strategy depends on how well that firm identifies & understands its customers, & forms its retail strategy mix to appeal to them. Thus, in this section, I shall briefly look at 1. Retail Target Markets 2. The Retail Strategy Mix...

1. The forms in retailing industry structure are compared on the following parameters. Control that the owners exercises over the retail unit 2. Flexibility that an individual retail outlet enjoys in terms of its target market, its location, store hours, product assortment and/or the prices...

INDEPENDENT An independent retailer owns only one retail unit. CHAIN A chain retailer operates multiple outlets (store units) under common ownership; it usually engages in some level of centralized (or coordinated) purchasing and decision-making. FRANCHISING It involves a contractual...

Retailing is the final stage in a channel of distribution, which comprises all of the businesses and people involved in the physical movement and transfer of ownership of goods and services from producer to consumer. Another distribution function that retailers perform is to communicate with...

Departmental stores may be a comparatively recent phenomenon in India, with a specially created ambience making shopping an experimental affair. Indeed, we are even beginning to demand places where we can avail the luxuries of spending the whole day in one place, taking advantage of a bouquet of...

RETAIL HUB FOR DIAMOND INDUSTRY • ALL METRO CITIES ARE RETAIL HUB FOR THEIR STATE • India is the largest consumer of gold in the world. • The sale of diamond jewelry in India has been increasing at a rapid pace of 25% every year over the last two years. The branded jewelry segment has...

The size of India’s retail jewelry industry is ~USD 12bn, 80% of which is gold jewelry. The Indian retail jewelry sector is dominated by the unorganized sector (95-96%). The industry is highly fragmented with about 400,000 retail units and about 800,000 goldsmiths. No single pan India retail...

Retail shop purchases Though exact figures are not available about purchases at retail shops or departmental stores, it is estimated that in USA 90 percent of purchases are in stores. In India also the purchases from shops may be almost same percentage or little lower because in India home...

Types of retail banks • Commercial bank: the term used for a normal bank to distinguish it from an investment bank. After the Great Depression, the U.S. Congress required that banks only engage in banking activities, whereas investment banks were limited to capital markets activities...