IKEA Waits..
IKEA Waits.. IKEA, Scandinavian furniture retailer, which has been waiting to set up shops in India independently, today said the 30 per cent local sourcing clause applied for 100 per cent FDI in single brand retail might be difficult to live up to. "We have found that the conditions applied to local sourcing from SMEs might be difficult for us to live up to," the Group's spokesperson in the country told reporters. Earlier this month, government had notified 100 per cent FDI in … [Read More...]
Peacocks In Administration
Peacocks In Administration Peacocks, the budget fashion chain, has fallen into administration, putting 9,600 jobs at risk, after a management buyout deal collapsed at the last minute. The collapse of Peacocks, which boasts designs by singer-songwriter Pearl Lowe, is the biggest retail failure since Woolworths went bust in 2008 with 27,000 redundancies. Richard Kirk, chief executive and 30% shareholder, had been attempting a rescue deal with the backing of a mystery figure described as … [Read More...]
Wholesale Apparel Buying For The Independent Retailer
With retail sales down for the last year Wholesale Clothing Companies have really cut back on their production. What does this mean for the independent Retailer? Merchandise, or at least good merchandise will be harder to find. There is a glut of merchandise on the market right now. My phone is ringing off the wall with offers. But it is the wrong merchandise. As a Ladies Clothing buyer I have to be really careful about what we put in our pipeline. I am not concerned about merchandise … [Read More...]
What Options do you need to Consider when Buying a Restaurant Point of Sale
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 … [Read More...]
Free Shipping Most Effective Holiday Promotion
Free Shipping Most Effective Holiday Promotion A survey of e-commerce retailers released Thursday by Stamps.com found that free shipping is the most effective sales promotion heading in to the holiday season. In Stamps.com’s latest survey on e-commerce shipping practices, 64% of respondents report that free shipping, with or without minimum spend, is the most effective promotion they can offer during the holiday season, and 53% will be offering free shipping on more products this year … [Read More...]
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Visual Merchandising
Visual Merchandising Visual merchandising helps exhibit products in an appealing manner, catching customers' eyes and slowing progress through out the store. It refers to the display of products in stores, including signage and marketing materials. … [Read More...]
GMROI Increases Profitability
GMROI Increase Profitability GMROI is one of the most important metrics in the retail/supplier world because it allows you to understand both the velocity with which your inventory is turning and the return you are getting on your … [Read More...]
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IKEA Waits..
IKEA Waits.. IKEA, Scandinavian furniture retailer, which has been waiting to set up shops in India independently, today said the 30 per cent local sourcing clause applied for 100 per cent FDI in single brand retail might be difficult to live up to. "We have found that the conditions applied to … [Read More...]
Visual Merchandising
Visual Merchandising Visual merchandising helps exhibit products in an appealing manner, catching customers' eyes and slowing progress through out the store. It refers to the display of products in stores, including signage and marketing materials. It involves analysing shoppers' behaviour to … [Read More...]
Starbucks Tying Up With Tata Coffee
Starbucks Tying Up With Tata Coffee Starbucks Corp, the world's largest coffee company, is finalizing its retail partnership with India's Tata Coffee Ltd and hopes to announce the deal by the end of this month, a senior official of the Indian company said on Thursday. In early 2011, the … [Read More...]
Peacocks In Administration
Peacocks In Administration Peacocks, the budget fashion chain, has fallen into administration, putting 9,600 jobs at risk, after a management buyout deal collapsed at the last minute. The collapse of Peacocks, which boasts designs by singer-songwriter Pearl Lowe, is the biggest retail failure … [Read More...]
Country Chicken From Australia In India
Country Chicken From Australia In India Premier Australian fast-food chain 'Country Chicken' launched its first outlet in India here today and it is expected to become fully operational in the middle of next month. With 300 such outlets planned across India by 2015 – 80 per cent in tier II and … [Read More...]
Indian Retail Sector – Cloudy Outlook
Indian Retail Sector - Cloudy Outlook Indian retail sector faces a "bit cloudy" outlook due slow growth along with persistent inflation and the government's decision to hold back FDI in multi-brand segment, according to a report by Deloitte Touche Tohmatsu Ltd (DTTL). 'The 2012 Global Powers of … [Read More...]
GMROI Increases Profitability
GMROI Increase Profitability GMROI is one of the most important metrics in the retail/supplier world because it allows you to understand both the velocity with which your inventory is turning and the return you are getting on your investment. GMROI is a measure of inventory productivity that … [Read More...]
IKEA Set To Enter India
IKEA Set To Enter India Scandinavian home products giant IKEA that has stayed away from the Indian retail sector saying it will do so only on its own, is set to announce its plans for the market with the government allowing 100 per cent FDI in single-brand retail. According to people familiar … [Read More...]
FDI Allowed In Supermarket Sector
FDI Allowed In Supermarket Sector FDI - India threw open its $450 billion retail market to global supermarket giants on Thursday, approving its biggest reform in years that may boost sorely needed investment in Asia's third-largest economy. The world's largest retail group, Wal-Mart Stores Inc, … [Read More...]
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