Retailing in antiquity[ edit ] Marketplace at Trajan's Forum, the earliest known example of permanent retail shopfronts Retail markets have existed since ancient times.
Retail Store Operations Store Atmosphere The store must offer a positive ambience to the customers for them to enjoy their shopping and leave with a smile. The store should not give a cluttered look.
The products should be properly arranged on the shelves according to their sizes and patterns. Make sure products do not fall off the shelves. There should be no foul smell in the store as it irritates the customers.
The floor, ceiling, carpet, walls and even the mannequins should not have unwanted spots. Never dump unnecessary packing boxes, hangers or clothes in the dressing room. Make sure the customers are well attended.
Cash Handling One of the most important aspects of retailing is cash handling. It is essential for the retailer to track the daily cash flow to calculate the profit and loss of the store.
Cash Registers, electronic cash management system or an elaborate computerized point of sale POS system help the retailer to manage the daily sales and the revenue generated.
Do not allow customers to carry more than three dresses at one time to the trial room. Install CCTVs and cameras to keep a close watch on the customers. Each and every merchandise should have a security tag.
Ask the individuals to submit carry bags at the security. Make sure the sales representative handle the products carefully. Clothes should not have unwanted stains or dust marks as they lose appeal and fail to impress the customers.
Install a generator for power backup and to avoid unnecessary black outs. Keep expensive products in closed cabinets. Instruct the children not to touch fragile products.
The customers should feel safe inside the store. Greet customers with a smile.
The retail industry in India is one of the world's fastest growing consumer products industry. EY India helps reframe strategic choices in the retail industry. INDIAN FOOD RETAIL SECTOR IN THE GLOBAL SCENARIO Vijay Anand1 & Vikram Nambiar2 (The figures indicated with reference to revenues of unlisted companies are based on press information and. Business leaders have discovered benefits of applying Lean and Six Sigma in the retail industry. Retail involves a series of interlocking operations that bring a product from the supplier’s warehouse to the customer’s cart while they stand in the checkout line (whether it’s a traditional line or one online).
Assist them in their shopping. The sales representatives should help the individuals buy merchandise as per their need and pocket. The retailer must not oversell his products to the customers. Let them decide on their own.Indian Oil and Gas is a comprehensive resource with news, views, analysis and data of the petroleum, oil and natural gas sector in India.
The main retail operations include - Cash handling, Safety and Security, Customer Service, Refunds and Returns, Visual Merchandising and Inventory and Stock Management. Industry Research I Retail Industry 3 The year marked the onset of retail chains in India with the entry of textile majors such as Bombay Dyeing, S Kumar's, Raymond’s etc.
followed by Titan. Track news and analysis on Indian industry, banking and financial services, EPFO, energy, manufacturing and more sectors. Retail is the process of selling consumer goods or services to customers through multiple channels of distribution to earn a profit.
Retailers satisfy demand identified through a supply attheheels.com term "retailer" is typically applied where a service provider fills the small orders of a large number of individuals, who are end-users, rather than large orders of a small number of wholesale.
The Indian retail industry has emerged as one of the most dynamic and fast-paced industries due to the entry of several new players. It accounts for over 10 per cent of the country’s Gross Domestic Product (GDP) and around 8 per cent of the employment.