Retail Managment
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Transcript of Retail Managment
Contentsl Introductionl Retail Functions in Distributionl Characteristic of Retailerl Function of retailerl Retailing Conceptl Retailing in Indial Why retailing is a success??
The distribution of products begins with the producer and ends at the ultimate consumer
A process of promoting greater sales and customer satisfaction
Introduction
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Last link in functions distribution
Purchases goods in large quantinity.
Deals in general products or a variety of merchandise.
Providing maximum satisfaction to the consumer
Characteristic of Retailer
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Retail Functions in Distribution
A Typical Channel of Distribution
Manufacturer
Wholesaler RetailerFinal
consumer
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Performs storing function by stocking the goods
l Develops personal contact with the consumers
l Performs two functions
l Buys a variety of products
Function Of Retailer
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Retailing Concept
Customer orientation
Coordinated effort
Value- driven
Goal orientation
Retailing concept Retail Strategy
Customer orientation – Concentrate on need of consumer
Coordinated effort – Integrates all plans
Value-driven – Offer good value to the
Goal oriented - Set a goal.
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Indian retail market is estimated to be US$ 500 billion
One of the top five retail markets in the world
fastest growing retail markets in the world, with 1.2 billion people.
Employs about 40 million Indians (3.3% of Indian population).
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Retailing in India
Growth-oriented objectivesAppeal to prime marketFocusStrong customer service for its retail categoryMultiple points of contactEmployee relationsInnovationCommitment to technologyConstantly monitoring performance
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Why Retailing is a success??
Summaryl Introductionl Retail Functions in Distributionl Characteristic of Retailerl Function of retailerl Retailing Conceptl Retailing in Indial Why retailing is a success??