Indian Retail

Videocon to roll out GSM services, to launch across 100 cities in 100 days

March 9, 2010 · Leave a Comment

Videocon is all set to roll out GSM mobile services in 100 cities in the next 100 days and is targeting 10 million subscribers by 2014. Videocon Telecommunication Ltd (VTL) has been recently rechristened to Videocon Mobile Service and is a subsidiary of the $2.5 bn consumer durables giant Videocon Group. Videocon is one of the eight new operators who have received UAS licence for 15 telecom circles to provide mobile services. The company will tie-up with ‘Panet M’ (a music retailer) and ‘Next’ (a consumer durables retail chain) to sell its GSM services. The company... [Read the full story]

Global Retail

Asda changes returns policy, customers to get 100days to return goods

March 8, 2010 · Leave a Comment

The George at Asda supermarket label will tomorrow unveil a permanent 100 day “no quibble” quality guarantee on its entire range of clothing in what it sees as a bid to halt the rise of “throwaway” fashion. If customers are not completely satisfied with the quality of any item bought from the supermarket range, they will be entitled to a full refund regardless of how many times it may have been washed or worn. Asda says that unlike the M&S returns policy, which has been cut back twice in the past four years despite strong customer backlash, its new policy demonstrates... [Read the full story]

Buying

4 Steps to Reduce Costs for Your Dollar Store Business

January 23, 2010 · 1 Comment

Those who own a dollar store business are faced with ever-increasing merchandise costs. Yet, for most dollar stores there is a cap on the retail selling price. For these retailers rising costs can’t simply be passed on to their shoppers. Yet to remain successful these retails cannot stand by and assume the role of the victim. Their choices are to accept lower profit margins, change the entire format of their store, or to somehow hold, or even reduce the cost of good sold in their store. Successful retailers will face the merchandise cost challenge head-on and develop a strategy that works for... [Read the full story]

Merchandising

Lighting Plays an Important Role in a Retail Center

January 28, 2010 · Leave a Comment

The first thing a customers sees entering a retail setting is its lighting scheme. Think about it. If the lighting makes you uncomfortable, chances are you’re not going to stick around to spend money. For many retailers, the key is creating an atmosphere that welcomes shoppers and accents well-planned displays and floor plans. Greeting customers before any of your associates, lighting is one of the first impressions customers get from your company. It promotes a brand image, setting the tone for the overall shopper experience. Accents lighting can be used to point-out new arrivals or sales... [Read the full story]

Sales and Service

The Secret of Looking for Retail Commercial Office Space

February 1, 2010 · Leave a Comment

When you own and supervise your own Business, finding the perfect piece of commercial retail space for rent is necessary. Whether you are hunting for an office in Paris or a suite in Los Angeles, understanding your professional necessities will help you obtain the ideal space for retail space for rent. Key questions that you should ask yourself are - How much money can I allocate to allocate for retail space for rent? Would it be more sensible to find a suite for lease or a shop for rent? What extras are needed to manage my organization? There are favorable and unfavorable points to renting... [Read the full story]

Retail IT

What Options do you need to Consider when Buying a Restaurant Point of Sale

September 24, 2009 · Leave a Comment

Below are the options available in a POS system for your restaurant retail business POS Terminal: How many should I purchase? Peak customer volume – When handling peak customer volume, you need to have a plan to be able to sufficiently serve them all. Number of employees taking orders – One station per 3-5 servers would be sufficient in a table service environment. High volume areas such as bars and cashier stations may need to have a dedicated station for that purpose. When switching from a standard cash register to a POS system, many people unintentionally forget that their POS system... [Read the full story]

Merchandising

Lighting Plays an Important Role in a Retail Center

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Retailer Survival Guide in Recession – Fashion Boutique Retailer

While some of the largest names in retail are forced through weak earnings to close stores and file bankruptcy, the small boutique owner can’t help but wonder about what lies in store for him. Fear of the unknown can often lead to paralysis and generalized business inertia at precisely the point when fresh initiative...

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Use Merchandise Management to Streamline Retail Sourcing, Buying and Merchandising

Merchandise management system is a computerized information system to keep record of the retail inventory in a store or warehouse. Generally, retail merchandise can be clustered into product lines. Thus, the merchandise management system shows the exact number of products a business has in stock at any particular time. Merchandising...

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Promotional Merchandising

Promoting your merchandise encompasses your store displays, lighting, promotional materials and your store fixtures. Your marketing approach should include all of these areas and each should be heavily weighted. You can increase your sales by researching pricing and offering promotional sales, but you should also seriously...

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