control-OTB 3. Inventory planning 4. Managing Inventory 5. Vendor Selection 6. Vendor Negotiations 7. Merchandise Handling Dollar Merchandise Planning (314) * (up arrow) inventory cs (down arrow) inventory * Inventory=largest retail investment * Buyers responsible for a planning of merchandise requirements * Analyze inventory performance with: * Gross Margin return on inventory(GMROI): Gross margin divided by average inventory at cost; alternatively‚ it is the gross
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MarketLine Industry Profile Food Retail in the United States February 2012 Reference Code: 0072-2058 Publication Date: February 2012 WWW.MARKETLINEINFO.COM MARKETLINE. THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED United States - Food Retail © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED 0072 - 2058 - 2011 Page | 1 EXECUTIVE SUMMARY Market value The United States food retail industry grew by 5.6% in 2011 to reach a value of $927
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[pic] Retail Loss Prevention: Doing more with Analytics February 2009 DRAFT Abstract T he retail industry is in the middle of an unprecedented economic crisis. All retailers are trying to figure out how to cut costs‚ retain customers‚ conserve cash and more importantly stay in business. Recently‚ the National Retail Federation (NRF) polled readers of its SmartBrief asking them what was on top of their mind. Loss Prevention (LP) came in second only to the overall economy! It is no surprise
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Retail is the sale of goods‚ usually in small consumable quantities from a fixed location such a departmental store‚ a kiosk‚ or even a boutique. The retail business has grown in bits and bounds to even involve other services such as free delivery. It involves individual purchase or businesses. Over the years‚ the retail business has been a subject of middlemen. In most cases‚ they buy goods or products in large quantities from manufacturers or importers‚ but through wholesalers then selling the
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A Measure of Service Quality for Retail Stores: Scale Development and Validation Pratibha A. Dabholkar Dayle I. Thorpe Joseph 0. Rentz University of Tennessee‚ Knoxville Current measures of service quality do not adequately capture customers ’perceptions of service quality for retail stores (i.e.‚ stores that offer a mix of goods and services). A hierarchical factor structure is proposed to capture dimensions important to retail customers based on the retail and service quality literatures
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advances have aggressively increased competition in the Retail Industry. Companies have been forced to reevaluate strategies‚ appearance‚ and overall brand to stay competitive. This paper aims to evaluate reasons companies choose to rebrand‚ the process of rebranding‚ and the impact it has on the company. The author presents JC Penney and its failed attempts in rebranding. The paper examines the rebranding decisions JC Penney made and the impact these decisions had on the company. The author provides
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PRIVATE SECTOR VS PUBLIC SECTOR ACCOUNTING STANDARD 1. INTRODUCTION The global financial crisis has demonstrated that the public sector as well as the private sector needs the highest quality accounting standards. Around the world‚ accounting in the public sector is practiced in diverse ways and struggles to achieve comparable standard in accountability and transparency. The Securities Act of 1933 gave the commission the authority to prescribe accounting standards to be followed by the companies
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Technology Advances in Retail: Improving Margins using Wireless Networks Introduction The retail industry is one that lives and dies on margins‚ with managers on a never-ending quest to increase revenue and decrease costs. Technology has been an area of intense focus in retail industries as a way to accomplish both goals. Improvements have been made in areas such as supply chain management‚ inventory management‚ customer experience‚ and loss prevention. Wireless technology‚ permitting communication
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Corporate Retail Strategies and Management Group 2 CASE SUMMARY Name of the organization: Megamart Location : Kalamaserry Date of visit : 20/10/2013 Source of information from organization : Store Manager Snap shot of the case Megamart. Megamart‚ from the house of Arvind‚ is a pioneer of the value- retailing concept in India‚ arrived on the scene way back in 1994‚ and changed the rules of the retailing business in India. Today Megamart is the largest player in this segment
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RETAIL OPERATIONS Course Material for Master of Fashion Management Students. RETAIL OPERATIONS Definition of Retail Operations Retail Operations professionals manage retail establishments on a daily basis‚ and are responsible for maximizing store profits. The National Retail Federation (NRF) reports that retail operators may also manage human resources and loss prevention. The retail store is of prime importance to the retail origination‚ for two reasons. • The retail store is the primary
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