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Trent's Reid to head parent firm Tesco’s China biz
MUMBAI: Gordon Reid - the chief operating officer, who oversaw the expansion of Trent’s Star Bazaar retail outlets - is returning to his parent firm Tesco to head its Chinese operations. According to an official Trent release, Mr Reid’s India stint was part of a franchise arrangement with partner Tesco, and he is now moving back. The company said his replacement at Trent will be announced soon. Trent officials that ET spoke to felt that managing director Noel Tata may opt for international expertise until Star Bazaar strengthens its operational set-up in the country. Mr Reid took over at Trent in 2008 after Tesco inked a deal with the retail arm of the salt-to-software Tata Group.

Reasons & Sources for Business Data Collection
If you want to set up a small retail business you will need to do some research first to find some key data to make sure your idea is feasible. Find out what kind of data you need to gather and where you can get it.
Realistic Expectations for a New Small Retail Business
When starting a new small retail business with a physical location for which rent is paid, it's almost built into the equation that you will probably be able to cover the rent and other expenses with sales, once the business gets known, but not much else. There are a lot of failing businesses out there, so what gives the successful ones a leg up? Here are some ideas.
Retail Metrics: Key Performance Indicators (KPI’s) – Days of Supply
This is part one of a five part article series detailing out Key Performance Indicators (KPI’s) in running retail businesses. This article covers the first of the KPI's, Days of Supply.
Real World Advice for Retailers - Don't Forget to Clean Your Windows
If you own a retail business and sales have been a bit sluggish recently, you’re probably blaming the economy. But maybe it’s not the economy; maybe you just need to take a look around your store; perhaps you are giving the wrong impression to your customers. Read Michael’s article about cleaning your windows and find out what you can do to make sure you don’t scare your customers over to the competition.
Real World Advice for Retailers - How To Increase Sales Even When Sales Are Slow
In this article, Michael gives real world advice about how to increase sales even when outside factors may be forcing an industry-wide slow down. Michael not only talks about what makes customers want to come back to your store, but also how to entice them to come back sooner and more often.
Real World Advice for Retailers - Loss Prevention, Chapter 1
In this article, Michael introduces a three-part series of articles that address the serious issue of loss prevention. This first article discusses the ways that retailers lose money from their tills and explains how a POS system can prevent employees from "skimming the tills."
Real World Advice for Retailers - Loss Prevention, Chapter 2
Most retailers focus on preventing shoplifters from stealing merchandise from under their noses. Big investments are made in closed circuit camera systems and recorders, as well as expensive security tags and readers – all to prevent, or catch, shoplifting. But what about the other two leading causes of inventory shrinkage – employee theft and data entry errors. Chapter 2 of Michael’s series on Loss Prevention discusses how a good inventory control system can minimize inventory shrinkage.
Real World Advice for Retailers - Loss Prevention, Chapter 3
Chapter 3 of Michael’s series on Loss Prevention discusses ways that your employees can steal from you without physically taking merchandise or money. He also suggests ways that a retailer can use their POS system to minimize or even eliminate these problems altogether.
Footwear Major Woodland to franchise internationally
Feb 16, 2010: Footwear and apparel player Woodland will open exclusive stores in select foreign markets later this year, marking its foray into single-brand retailing overseas. The company, according to its top official, would be using the franchise route for its international expansion. The home-grown brand is in advanced stages of negotiations in some markets like the Middle East, South-East Asia and Sri Lanka for selecting local franchise partners and said it will have three to four exclusive outlets abroad by the year-end. At present, Woodland is present in over 600 multibranded outlets in the Middle East, Singapore and Thailand.

Heir to Gucci Empire Reveals Plan to Double Bet on Fashion
PARIS -- When he bought Italian fashion house Gucci NV a decade ago, French billionaire François Pinault steered his family's lumber and distribution business into the high-profile, high-profit world of luxury goods.
When Everyone Is Right, Who's Wrong? Uncovering the Mystery of Perceptual Styles
Each of us perceives the world differently, not only because of differing perceptual styles, but also because of the various circumstances, goals, aspirations, ages and lifestyles we have. These individual experiences create different realities, each of which represents only part of the whole picture.

Should You Start a Retail Business, Stay with Retail Management or Look at a Star Business Online?
Retail management? Start a retail business? What about the current economic conditions? What other alternatives are viable? In this article I offer my solution to some of the problems facing people who are part of a sector that has suffered greatly in the last couple of years.

What Is Data Mining ?
Data Mining is the art of exploring new, useful, and profitable relationships in data.
Using Latency to Improve Customer Retention
Latency is simply the average amount of time between customer transactions. By monitoring purchase latencies, you can reduce your marketing expenses while increasing your revenue and customer retention rate.
10 tips to choose right Retail management software.
Unlike most retailers, you may be confused with choices and alternatives available for retail management software. Further, the boom in the retail industry is attracting many spurious vendors to become retail management software companies. With just 1 or 2 installations in hand, they become retail consultants. Their motive is to make quick money. Beware of them! Please ensure that when you choose retail management software, you do it with an extra care and taking future developments into consideration. Here are a few criteria to evaluate a Retail management software / company.
10 mistakes retailer make while choosing Retail management software
Choosing a retail management system is no time for experimentation. Don't make these mistakes when you buy Retail management software.
5 reasons to automate your Retail
Most often I heard retailer saying following: 1. Why do I need retail management software? 2. What are the reasons to automate my Retail? 3. I am running a successful retail without any IT system. I do not want to debate or argue, but yes I would like to say something on this.
Calculate the Cost of Shoplifting and Employee Theft
Shoplifting and employee theft cost the retailer a great deal in lost profits and everyone and everyone including the consumer pays for this crime. Unfortunately retailers often underestimate the actual figure in terms of losses. Unless a business has strict inventory control it is simple to come up short getting a good sense of overall losses. There is a basic formula for calculating total annual retail losses in your business, which will give you a fairly accurate idea of how much profits are actually walking out your door.
Entrepreneurs – Why Should You Sell Low Ticket Items?
When you first start your business, it is tempting to sell a lot of high price products, but that may not be the most profitable way for you to go. A better way might be to sell low ticket items.

10 Master Franchise Opportunities For The Motivated Businessman
Ask any franchise owner and they'll likely tell you how starting a franchise business was much easier and more profitable than starting a small business from scratch. The established brand name, pre-made business plans and extensive advertising and marketing campaigns provided by the franchisor makes starting a franchise business as smooth as possible, especially for first time business owners. If you're sold on the idea of franchise, you may be a great candidate for a master franchise when you will be the liaison between would-be franchisees and big time franchisors. Here's a look at 10 of the best master franchise opportunities currently available.
A Research Report: Good Reasons for Buying a Franchise Business
A question asked to a panel of entrepreneurs was : Did you eventually get bored of being someone else’s employee? Were you thinking of starting your own business that was successful without requiring starting it from scratch?

RETAIL CUSTOMER SATISFACTION MODEL RCSM
How to maximize the retail sales? How to add new customers? What’s the reason for successful retailers? Read further to know a simple tool that helps you

Taxing Your eBay Profits
As a small business person-slash-advice columnist I dread the first quarter of the new year. Not because in my mind my own business fortunes start at zero again every January or because I have already dismissed every New Year’s resolution I made when the clock rang out the New Year. No, the reason I dread the first quarter of the new year is that my email box floods with questions about business taxes and the IRS, my two least favorite subjects on earth.
Never Dive Into Business Without A Startup Plan
This week begins the tale of my recent foray into the world of brick and mortar and the startup the lessons learned there from.
Credit Cards Merchant Accounts and Your Bottomline
The decision to accept credit cards is a wise one for any retailer. I agree with financial guru Dave Ramsey's teachings regarding the use and abuse of credit cards. Many people dig deep holes with credit cards that are hard to climb out of. But, from a practical business point of view, any retail business that does not accept credit cards is leaving money on the table.
Hottest Cheap Small Business Franchises
If you're looking for a small business opportunity in today's economy, chances are you haven't ruled out the possibility of a low cost franchise. These franchises cost less than nearly any other small business startup and can provide a steady income stream for any thrifty entrepreneur.
9 Quick No Cost ways to increase sales and profits
1.The Power of the Three Foot Rule 2.Listen Aggressively 3. Tell your customer all you do for them 4.Do not judge a book by it’s cover 5. Don’t waste your customer’s time 6. Use the word all 7. Follow-up call to B-Backs 8. Telephone every customer 12 hours after the sale 9. How saying Thank you will increase Sales

The Customer Is Always Right. Even When They Are Positively Wrong
Every business and sales person talks about their great customer service. Very few have it. This article is about the greatest consumer service story of all times and how you can build and grow your business using it.
We Dont Need No Stinking Permits
Unless you’re renting simple office space odds are you will need to make some modifications to the space, be it adding walls, flooring, paint, electrical, plumbing, or any combination thereof.
Improving Your Average Order Size With Internet Merchandising Fundamentals
Applying some of the mortar-and-brick merchandising basics to your online retail business may improve your average order size and deliver higher value to your customers.
Making Retail Marketing Work With Product Giveaways
In business, it is better to give than to receive. You can make your online or brick and mortar retail business work with product giveaway marketing. However, freebie marketing is considered a fine skill by many businessmen. Indeed, because of today's spam sites and scams, it is easy to disregard sites with the word free in it.

Turnovers & Takeaways
True football fans, particularly those like me who consider football a religion rather than a mere obsession, speak an entirely different language than you normal people. While I am, like other “NFLians” bound by a certain code of honor, I’m going to let the rest of you inside our secret world: just this once!
Make a Difference - Sweat the Small Stuff First
In 'Leadership', Rudy Giuliani makes a very important point about how vital it is to make a visible difference, however simple and even ineffective that might seem. Yet how much can we do to affect positively the businesses or organisations we lead and manage ourselves.
Performance Management - By Assuming Nothing
There are times when tackling a difficult situation can be so easy to put off. Yet in those moments we have the opportunity to minimise pain for all concerned. Dealing with the most challenging people issues can be tough, but it is tougher to waste time stretching it out just because you don't fancy tackling it...
"The Profitable Retailer" by Doug Fleener
The business book that asks: Retail, is it in you? Rating: 5/5

Other retail business Related Articles

10 Retail Franchise Businesses You May Never Have Considered
Everyone knows the most popular retail establishments, and even the word retail often brings to mind days as a teenager, working in a chain store or a mall boutique. Mainstream retail stores are perfectly fine, but for those who want to start a more unique retail store, take a look at some of the retail businesses you may have never considered.

Retail Tenancy Agreements in Australia
Australian Retail Tenancy Laws and Contract Kits Retail tenancy laws through out Australia have been developed to protect the interests of small business consumers and to assist in leveling the playing field for the parties involved.They seek to provide this protection by making sure that prospective tenants have sufficient information to make a sound business decision about entering into or renewing a Retail Shop Lease rental Agreement.
Retail Loss Growing Problem
In today's highly competitive environment keeping retail loss, which includes shoplifting, internal theft, fraud, etc. to the utmost minimum is mandatory for the ongoing success of your retail business

Why Some Retailers Are Doing Better Than Others In The Current Retail Environment
In evaluating the overall retail situation I noticed that many of our own retail store customers had done well or at least fared better than their competitors in the same retail segment(s). I thought it might be of interest to some of you to analyze what they are doing that is working.
5 reasons to automate your Retail
Most often I heard retailer saying following: 1. Why do I need retail management software? 2. What are the reasons to automate my Retail? 3. I am running a successful retail without any IT system. I do not want to debate or argue, but yes I would like to say something on this.
10 tips to choose right Retail management software.
Unlike most retailers, you may be confused with choices and alternatives available for retail management software. Further, the boom in the retail industry is attracting many spurious vendors to become retail management software companies. With just 1 or 2 installations in hand, they become retail consultants. Their motive is to make quick money. Beware of them! Please ensure that when you choose retail management software, you do it with an extra care and taking future developments into consideration. Here are a few criteria to evaluate a Retail management software / company.
Commercial Retail Tenancy Agreements In Australia - NSW Retail Lease Law
Many Australian state governments have expanded their concept of consumer protection to include small business consumers who are bargaining on a playing field that is far from level, against owners of big shopping centres. They seek to provide this protection by making sure that prospective tenants have sufficient information to make a sound business decision about entering into or renewing a Retail Shop Lease Agreement. Recent amendments to the Retail Leases Act of 1994 clearly offer further protection to tenants, the Government regarding them as the less powerful party in most retail leasing transactions. As a result, the Retail Leases Amendment Act 2005 requires greater responsibility and pro-active behavior from Landlord.
Raymond eyes 40% rise in retail biz revenue in 2 years
8th February 2010: Apparel house Raymond today said it is aiming to increase revenue from retail business by up to 40 per cent in two years from the current Rs 1,000 crore, for which it will add more stores in smaller towns. "We are looking at 30-40 per cent jump in revenue from retail business in the next two years from the current turnover of about Rs 1,000 crore," Raymond president (retail and business development) Rakesh Pandey told reporters here on the sidelines of an AIMA event.
Are Retail Store Managers the next Entrepreneurs?
While many people may not see the direct correlation of a Retail Manager and being an Entrepreneur, the two are close in the same. A Retail Store Manager is normally the individual that oversees the daily operations of a retail establishment, they over see many employees and have a responsibility to make them successful in their responsibilities and making sure that the customers have a good experience. As you read this just keep asking yourself “Are Retail Store Mangers the next Entrepreneurs?”

Tips For Running A Retail Giveaway
The primary goal behind any retail marketing plan is to increase foot traffic and drive revenue. One of the more effective ways of bringing more clients to your retail store is to have a promotional giveaway. There are a few tips and hints that every retailer can use to create a successful giveaway and use it to improve retail sales.

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