Retail is the sale of goods and services from individuals or businesses to the end-user. Retailers are part of an integrated system called the supply chain. A retailer purchases goods or products in large quantities from manufacturers directly or through a wholesale‚ and then sells smaller quantities to the consumer for a profit. Retailing can be done in either fixed locations like stores or markets‚ door-to-door or by delivery. Retailing includes subordinated services‚ such as delivery. The term
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Store location and real estate markets are two most important areas of concern for a retailer by the virtue of the fact that real estate is the largest fixed investment for a retailer. For a retailer‚ being at the right place at the right time facilitates the development of sustainable competitive advantage. The decline in real estate prices in last 4-5 years has boosted the morale of the retailers. Because of this there has also been an increase in the supply of property for retail locations.
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Compare the function of formats and locations in retailing I will now compare the different types of store types. The main store types that I believe are shopping centres‚ shopping malls and in town shopping. A shopping mall will have numerous of shops of all together where as intown shopping centres will have high street and local shops in them. Chimes centre is in Uxbridge which is an example of intown shopping centre. Also Blue water in Kent is an example of a shopping mall. Both
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Recruitment documentation We printed two different job application forms‚ job descriptions and person specification for Nando’s and Topman we then compared the forms and found some similarities and some differences to them. Topman and Nandos application form Differences: They were set up very differently Topman had a variety of rhetorical questions which underneath it‚ they were answered for you whereas Nandos did not use any rhetorical questions just information about the restaurant. Nandos
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RETAIL LOCATION ANALYSIS GENERAL 1. What is the shopping mall builder/developer name? 2. Where is/are the proposed location(s) in the shopping mall? (State available floor unit numbers‚ and their corresponding available floor sizes) 3. What is the ratio of shop space ownership between developer and individuals? 4. What are the lease/rent quotations? 5. What is the lease length? 6. Is there a rent escalation rate? If so‚ what is the rate? (e.g. every 3 years?) 7.
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Retail Location Strategies Learning the New Rules for Site Selection Will Keep You Ahead of the Game. Nationwide‚ the retail sector enjoyed robust growth during the first half of the decade‚ due in great part to the continued expansion of big boxes. The excitement‚ however‚ is dying down‚ as several category-killer retailers experience slowing sales. The once-zealous players are becoming more cautious‚ and once again the rules of the game are changing for developers and commercial brokers.
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Here’s a side-by-side comparison of online stores versus retail outlets. Online includes all transactions whether they’re from a retail store with an online store‚ manufacturer‚ or third party electronics outlet. WHO CAN BUY - HOW SOON DO YOU NEED IT Online: Most likely‚ you’ll need a credit card‚ Pay Pal account‚ checking account‚ or some sort of online financing option. You’ll have to wait for it to arrive through the mail. Retail: The easiest place to purchase products if you have the
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1950’s the quantity of studies into shopping behaviour has accelerated greatly. Store atmospherics and environments have changed monumentally over the past half century. Modern store managers are constantly looking at new ways to improve a shopping experience‚ rather than purely focusing on the product on the shelf. The type of shoppers attracted to a store may also differ to the types of shopper attracted to a product. At no point over the last fifty years of shopping behaviour research‚ it can be argued
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TYPES OF RETAIL FORMATS 1. CHAIN STORES: • Chain stores are retail outlets that share a brand and central management‚ and usually have standardized business methods and practices. • These characteristics also apply to chain restaurants and some service-oriented chain businesses. • In retail‚ dining and many service categories‚ chain businesses have come to dominate the market in many parts of the world. Chain stores are a form of franchising. • The world’s
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Retail Format Area (sq ft) Convenience stores 500 – 1‚000 sq ft Supermarkets 1‚000 – 10‚000 sq ft Hypermarkets Above 10‚000 sq ft A supermarket‚ a large form of the traditional grocery store‚ is a self-service shop offering a wide variety of food and household products‚ organized into aisles. It is larger in size and has a wider selection than a traditional grocery store‚ but is
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