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Retail - derived from the French word "retaillier", which means to break bulk. Retailing is the last stage in the movement of goods and services to the consumer. The retail industry is one of the fastest growing industries in the world.
Retail - derived from the French word "retaillier", which means to break bulk. Retailing is the last stage in the movement of goods and services to the consumer. The retail industry is one of the fastest growing industries in the world.
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Attribution Non-Commercial (BY-NC)
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Retail - derived from the French word "retaillier", which means to break bulk. Retailing is the last stage in the movement of goods and services to the consumer. The retail industry is one of the fastest growing industries in the world.
Copyright:
Attribution Non-Commercial (BY-NC)
Verfügbare Formate
Als PPT, PDF, TXT herunterladen oder online auf Scribd lesen
Objectives • Defining retail • The functions of a retailer • The marketing – retail equation • The significance of retail as an industry • The new role of the retailer • The global retail scenario • Key issues facing global retailers • Retail as a career
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What is retail? • Retail – derived from the French word “retaillier”, which means to break bulk. • Retailing is the last stage in the movement of goods and services to the consumer. • Retail therefore consists of all activities involved in the marketing of goods and services directly to the consumers for their personal, family or household use.
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Functions of a Retailer • Form utility • Time utility • Place utility • Ownership utility
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The Marketing – Retail Equation
Manufacturer Manufacturer Manufacturer
Wholesaler
Retailer
Retailer Feedback
Consumer Consumer Consumer
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The Changing Retail Landscape
• Proximity to the customer
• The Rise of consumerism • Introduction of the Private Label • Technology
12/08/21 Swapna Pradhan 8 Share of retailing in Total Empl. In select countries Country Share of retail in total empl India 6–7% China 6% Poland 12 % Brazil 15 % U.S.A. 11.7 % Korea 18 % U.K 11 % Malaysia 7%
Source: FDI In Retail Sector in India, ICRIER publication
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The World’s Biggest Employers Global Rank Retailer # of Employees 1 Wal - Mart 1,700,000 314 McDonald’s 438,000 22 Carrefour 430,000 82 Target 292,000 67 Kroger 289,000 34 Home Depot 273,000 132 Sears Roebuck 247,000 54 Tesco 242,980 105 Albertsons 241,000 42 Metro 208,616 Source: Fortune, July 25, 2005 12/08/21 Swapna Pradhan 10 Challenges facing Global Retailers • The emergence of new markets • The empowered consumer • Technology enabled efficiencies • The rise of the e-age
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Retail as a career • Buying & Merchandising • Marketing • Store Operations • Sales • Finance • Human Resources • Technology & e-commerce • Visual Merchandising • Supply Chain Management & Logistics