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Retail
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Retail is the sale of goods and services from individuals or businesses to the end-user.
A retailer purchases goods or products in large quantities from manufacturers directly or through a wholesale, and then sells smaller quantities to the consumer for a profit. Retailing can be done in either fixed locations like stores or markets, door-to- door or by delivery.
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“Retailing includes all the activities involved in selling goods or services to the final consumers for personal, non business use”
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Retailer Definition: One who sells goods or commodities directly to consumers. These items are purchased from the manufacturer or wholesaler and sold to the end user at a marked up price. Also Known As: Merchant Examples: Wal-Mart is a well-known large chain retailer. Another example of a retailer would be the small family-operated pharmacy on the corner.
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Retail Categories Unorganized Retail:
Examples:- selling vegetables, fruits, food items, plastic items, utensils, small furniture, clothing, etc. Organized Retail: Example:- Big Bazaar, Westside, Titan, Reliance Trends and Star Bazar, etc. Examples of MNC brands in retail are Lifestyle, Nike, Staples, Marks & Spencer, Kati Zone, Cafe Coffee Day and Au Bon Pain, etc.
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The focus of this course is on organized retail operations, such as:
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Types of Retail Outlets
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Healthcare & Beauty Products Furniture and Fittings
Footwear Healthcare & Beauty Products Jewelers Furniture and Fittings Travel Accessories Services Sector
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Retail Formats and Classification
Classification Based on Ownership:- Independent Retailer Corporate Retail Chain Franchising Leased Departments
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FMCG Products Example: Categories Detergents Foods and Beverages
Personal Product Lifebuoy Breeze
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LUX LIRIL DOVE
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Mass Fabric Wash Premium Fabric Wash
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PROMOTION OF LOYALTY SCHEMES TO MemberS
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Storefront Window Displays
Showcase Displays "Found-Space" Displays
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Methods of Handling Member Query
Listen Empathize Offer a Solution Execute the Solution Follow-up
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Types of Teams Problem solving teams Self-managed Teams
Cross-functional teams Virtual Teams
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THANK YOU
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