Indian Retail
Aditya Birla Retail to rope in investor, looking for funding
March 11, 2010 · Leave a Comment
Kumar Mangalam Birla’s retail venture, Aditya Birla Retail, is reportedly open to roping in a financial investor to fund its expansion plans. Even though the company declined comment, it is learnt from sources that the firm is not averse to diluting its equity by about 10% to a sleeping partner. However, it would rather wait for more clarity on the regulatory front with respect to such investments. Given the rate at which Aditya Birla Retail is expanding , funding will be an important factor especially with the rising rentals in the realty market, industry sources said. Aditya Birla... [Read the full story]
Global Retail
Home Entertainment Revolution – 3D televisions by Samsung to hit shelves next month
March 11, 2010 · Leave a Comment
The friendly green monster Shrek, the blue-skinned Na’vi of the planet Pandora and Wayne Rooney’s shots on goal will shortly take on a new, three-dimensional glory. Spurred on by the success of the Hollywood fantasy blockbuster Avatar, the world’s top electronics companies believe they can make 3D television sets the norm for consumers in the US and Europe within three years. The Korean company Samsung kicks off the industry-wide push – and battle for brand supremacy – by launching a 3D range that will be in British shops by the end of the month. Billed as the world’s... [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
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...
[Continue reading: Lighting Plays an Important Role in a Retail Center]
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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Buying
4 Steps to Reduce Costs for Your Dollar Store Business
Those who own a dollar store business are faced with ever-increasing merchandise...
Retailer Agreements and Their Importance For Goods and Services Distribution
A retailer is a business or firm that is engaged in offering services or goods directly...
Increase Savings by using Consumables Judiciously for Retail Business
No matter what business we are in we need to maintain as high a profit margin as...
Buying Grocery Online – Online Grocery Shopping is Increasing
The online buying spree is on the peak. Consumers are ordering for their entire needs...
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Sales and Service
The Secret of Looking for Retail Commercial Office Space
When you own and supervise your own Business, finding the perfect piece of commercial...
How to Greet a Customer in a Retail Store
You: Hi, Sir / Ma’am welcome to “your store name”, is there something I can...
Who is The Conscientious Consumer and How to Connect With Them
Consumer behavior is shifting and dictating change in the consumer products market...
Superior Customer Service is the Key to Gain Retail Customer & Buying Consumer
Historically speaking, retailing is the means of getting the product from the manufacturer...
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