Retail space is a space where merchandises are placed to sell them in a store. The meaning of managing a retail space does not mean putting merchandise here and there and waiting for
The term retail stands for selling goods from a particular location. In the process of retailing, the job of a retailer is to play the role of facilitator between a manufacturer and a
Retail marketing mix refers to the variables that a retailer can use in variable methods to arrive at an effective marketing strategy to attract his prospects. The variables are the varieties of merchandise
You can turn your dream of retail business into reality if you take the right steps in the right direction. You are essentially required to put a lot of hard work initially to
Merchandise planning refers to an approach based on data to select, buy, present, and sell merchandise to consumers so that the maximum rate of investment can be achieved and consumers demand can also
Retailing is a process of distributing goods where the seller buys products from the manufacturing firms or manufacture the goods themselves and sells goods to consumers directly. A retailer is somebody who buys
Having a good location for retail is one of the crucial impacts in the case of the marketing strategy of retail because many of the associated long-term decisions and commitments depend on the
Mom and Pop name is popularly used for private and family-owned businesses. These stores are run by a family or a small number of employees. These businesses generate small revenue. The term “mom
Merchandising is any practice that helps a retailer to sell his merchandise to his customers. In a retail store, the meaning of merchandising is the varieties of products available in-store for selling purpose
Ethics in business have become an essential topic of discussion. In retailing, retailers want to earn maximum profit by providing satisfaction to their customers with ethical means. Some certain laws and regulations govern
It is easy to conceive a dream to have your own business. You can’t sit and wait for customers to walk in your store after you have set up your retail store. It
Early History of Retail Industry The history of retail spans a long timeline. There are archaeological shreds of evidence for water systems and trade which involved dates back more than 10000 years ago.
A detailed marketing plan related to the of the business, its targets and ways and methods to achieve it, in relation to retail is known as retail strategy. It is important for a
In this article, you will learn about the steps involves in the retail planning process. In the retail planning process, a retailer decides about the planning strategies of the retail business, learn about
The retail industry has evolved significantly in the past few decades; rather, it is continuously changing. The transformation may be customer-centric or business-centric, but one can be certain that the transformation does happen.
The meaning of electronic data interchange is the exchange of information related to business with the help of a standardized format. That means the information can be sent from one organization to another