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retail sector Tagged Articles
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Is a climate of perpetual discounting limiting choice and eroding our quality of life?
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| Gerry Harvey, (Harvey Norman) was recently bemoaning the culture of discounting in our retail sector. He was saying that retailers had lost the plot and didn’t know how to sell real value anymore. He said they had fallen foul of a culture of constant discounting as the only way to attract customers, which was tantamount to business disaster and a degradation of the retail sector. I happen to agree with Gerry in this instance.
He went further by saying that retailers were failing to find out what customers really wanted and what they really valued. He said retailers weren’t offering choice – a range of options of different value and therefore were not selling. |
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The Shapes That Model Retail
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| There has been a tremendous amount of discussion by economists and government experts in regard to the type of recession we are in, as well as the possible ways we could come out of it. There are varied opinions and speculation as to where things go from here. This is pretty clearly demonstrated in the different models, or 'shapes', that the recovery might take, which have come to be characterized by various letters of the alphabet. Although Economists may track and analyze a number of economic issues and trends that would also impact retailers, it is from an aggregate level. So the question is, what will the economic recovery look like at a place where all the trends come together at once - such as in your own company’s financials?
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Tough Times Demand Tighter Retail Security
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| Every retailer has a unique set of security challenges and, in the retail world, your security challenges never end.
More retailers are realizing that using perimeter and anti-virus technologies alone are not enough. As someone once said, it's like locking your doors but leaving your windows open. Now retailers must take a lot more security measures.
Here are some vital strategies retailers need to take for preventative measures against retail loss... |
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RETAIL SALE BOOSTER MODEL (RSBM)
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| What is Retail Sales Booster Model all about? The RSBM needs a deeper understanding of the RCSM first, so that the base of all retail problems can be addressed. read on. |
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Types of Shoplifters
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| Retail operations offer many challenges for dedicated managers and owners who work hard & are committed. But the most difficult part of his/her role is the loss prevention function. Many retail owners and managers are not equipped or trained to deal adequately with developing an effective loss prevention program, or in preventing external and internal losses in the complex Retail settings. |
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Other retail sector Related Articles
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Ending poverty means abandoning charity and accepting reality
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| Benin Mwangi, who blogs about doing business in Africa, asked me recently: "should the discussion be about how to get the informal sector to become part of the formal sector or should it be how to cater to the informal sector?" This in an excursion into the morass of African poverty and development.
The short answer is: neither; ending poverty has nothing to do with the informal sector.
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Can microfinance be profitable? FAQ
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| Yes it can. Data from the MicroBanking Bulletin reports that 63 of the world's top MFIs had an average rate of return, after adjusting for inflation and after taking out subsidies programs might have received, of about 2.5% of total assets. This compares favorably with returns in the commercial banking sector and gives credence to the hope of many that microfinance can be sufficiently attractive to mainstream into the retail banking sector. Many feel that once microfinance becomes mainstreamed, massive growth in the numbers of clients can be achieved. |
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10 Retail Franchise Businesses You May Never Have Considered
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| 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. |
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5 reasons to automate your Retail
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| 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. |
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10 tips to choose right Retail management software.
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| 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. |
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Beat the Recession with a Retail Franchise
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| In the light of the existing recession here are some good points and bad points of opening a franchise in the retail sector. A main advantage of starting a retail franchise in the current climate is the reduction of commercial lease pricing... |
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Should You Start a Retail Business, Stay with Retail Management or Look at a Star Business Online?
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| 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. |
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About.com’s Martin Murray’s post “Non-Profit Organization Suing ERP Supplier” A Sign of the Times?
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| In a white paper that I had written in 2007 titled “SAP Procurement for Public Sector” I had highlighted how the challenges with failed ERP-centric initiatives extended beyond the public sector to include the private sector. The difference as one senior Colgate-Palmolive executive told me shortly after scrapping a failed program was that “unlike the public sector in which a failed initiative becomes front page news, private sector company ERP failures rarely make a blip on the media’s collective radar screen.”
The lack of media awareness notwithstanding, the frequency of failures in the private sector is comparable to the number of setbacks that occur in the public sector. |
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Franchising Trends in Retailing
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| The ARA Retailer asked Rod Young, Executive Director of leading franchise consultants DC Strategy to provide his perspective on franchising in the retail sector as the global economic cycle starts to impact consumers. He is upbeat about the opportunities.
Retail franchising is going through a metamorphosis.
Retailers riding on the back of rising employment and the weight of retail spending that came with it offering a mere "me-too" experience are either already shutting down or will do so in the year ahead.
Consumers today, who may have been less discriminating over the last five years are returning to a more considered purchase decision making process.
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Is a climate of perpetual discounting limiting choice and eroding our quality of life?
| |
| Gerry Harvey, (Harvey Norman) was recently bemoaning the culture of discounting in our retail sector. He was saying that retailers had lost the plot and didn’t know how to sell real value anymore. He said they had fallen foul of a culture of constant discounting as the only way to attract customers, which was tantamount to business disaster and a degradation of the retail sector. I happen to agree with Gerry in this instance.
He went further by saying that retailers were failing to find out what customers really wanted and what they really valued. He said retailers weren’t offering choice – a range of options of different value and therefore were not selling. |
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