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Retailer’s Classification on the basics of Operational Structure.pptx

  1. Presentation on Retail Management By Diksha Vashisht Shweta Chauhan Akash Mondal Date – October, 09, 2020
  2. Retailer’s Classification on the basics of Operational Structure
  3. Overview E- commerce store Drug store Specialty store Convivence store Discounts store Hypermarket Kiosk Factory Outlet Mom’s & Pop’s Store Independent Retail Unit Retial Chain Franchise Super Market
  4. E-Commerce store Ecommerce, also known as electronic commerce, is a business model which involves transactions taking place on the internet. Stores that sell their products online are ecommerce stores or businesses.
  5. Advantage of e -commerce • A larger market • Faster buying process. • Store and product listing creation. • Cost reduction. • Fast response to consumer trends.
  6. Example of E- commerce
  7. Drug store Retail drug outlet" means a place used for the conduct of the retail sale, administering or dispensing or compounding of drugs or chemicals or for the administering or dispensing of prescriptions and licensed by the board as a place wherein the practice of pharmacy may lawfully occur.
  8. Advantage of Drug store • Reliability and trust over the shop • Just spend the right amount of time in the pharmacy • Providing the individual attention • Availability of variety of drugs
  9. Example of drug store
  10. Specialty Store • A specialty store is a shop/store that carries a deep assortment of brands, styles, or models within a relatively narrow category of goods.
  11. Advantage of Specialty Store • Provided with detailed information • Provide their customers with special offers • Focus on a single class of products.
  12. Example of specialty store
  13. Convenience Store • A convenience store, convenience shop, or corner store is a small retail business that stocks a range of everyday items such as coffee, groceries, snack foods, confectionery, soft drinks, tobacco products, over-the-counter drugs, toiletries, newspapers, and magazines.
  14. Advantage of convenience store • They are a natural destination retail location. • Convenience stores are not bound by local pricing needs. • A Convenience stores is a store that sells a variety of stocks. • Convenience stores provide employment opportunities • Franchises are often available.
  15. Example of Convenience Store
  16. Discount store • A discount store or discount shop is a term that has been used over time and across different countries for a number of different retail formats, all of which sell products at prices that are in principle lower than the regular retail price.
  17. Advantage of discount store • Profitable business option for both retailers as well as the buyer. • All products are sold under one roof. • In discount stores, one can find several options for one product. • In discount stores, you are not get followed by salespersons. • Shopping is comfortable in discount stores.
  18. Example of discount store
  19. Hyper Market • Combination of supermarket, department store& specialty stores • Have extremely large store areas • Use basic display racks • Offer competitive prices • Encourage Self-service
  20. Advantages of Hyper Market • We can buy everything under one roof • Wide range of choice • Lot of special offers, e.g. seasonal or festival offers • Opening hours are longer than in small shops
  21. Example of Hyper Market • D-MART • HYPERCITY • BIG-BAZAAR • RELIANCE FRESH
  22. Kiosk • KIOSK stands for KOMMUNIJKASJON INTEGRET OFFENTLIG SERVICE KONTOR • An open-fronted hut that sells things outdoors. A cubicle form which sells the newspapers, refreshments, tickets etc. are sold, conference center etc.. • A kiosk is a small, stand-alone booth typically in high-traffic areas for business purpose. It typically provides information regarding the product or services.
  23. Advantages of Kiosk • Improve customer buying experience • Increase customer base • Reduce the cost of business • Boosts job satisfaction
  24. Example of Kiosk
  25. Factory Outlet • Here manufactures sell their product directly through their own branded stores. • Also called as “outlet stores” or “best saving outlet”. • Traditionally, a factory outlet was a store attached to a factory or a warehouse • About 45% of branded products in the country are sold during discount sales or through these outlets
  26. Advantages of Factory Outlet • Reduced cost for deliveries • They benefit customers as they get branded goods at affordable prices. • It helps companies get incremental revenue from goods which are out of fashion or slightly defective. • Factor outlet centers help companies save warehouse space as displaying at outlets leads to sale
  27. Example of Factory Outlet
  28. Mom’s & Pop’s Stores • Small family-owned businesses, which sell a small collection of goods to the customers. • Individually run & cater to small sections of the society. • These stores are known for their high standards of customer services
  29. Advantages of Mom’s & Pop’s Stores • Time and Energy Saving • Convenience • Facilities • Good Relation over time • Price Bargaining
  30. Example of Mom’s & Pop’s Stores
  31. Independent Retail Unit An independent retailer is someone who is completely responsible for his or her own business. The retailer owns or has bought an independent store and has built the business from the ground up by assessing all needs of the store, which can include staffing, marketing, merchandising, sales, etc.
  32. Advantages of Independent Retail Unit • They are local • They know their customers • They know their competitors • They can offer products and services their customers cannot get online • Their can be agile, flexible, react quickly
  33. Example of Independent Retail Unit
  34. Retail Chain A chain store or retail chain is a retail outlet in which several locations share a brand, central management, and standardized business practices. They have come to dominate the retail and dining markets, and many service categories, in many parts of the world.
  35. Advantages of Retail Chain • Chain stores specialize in a particular product. • There is economy in advertising. It is not necessary to advertise for each branch. • It is easy for the head office to identify an unprofitable branch and shift it to some other place. If it is not feasible it may even be closed down. • If any branch has shortage of stock, it can draw from the nearest branch. • ‘Uniform price’ in all the branches is yet another plus point of Chain stores.
  36. Example of Retail Chain
  37. Super Market A supermarket is a self- service shop offering a wide variety of food, beverages and household products, organized into sections. It is larger and has a wider selection than earlier grocery stores, but is smaller and more limited in the range of merchandise than a hypermarket
  38. Advantages of Super Market • Saving in labor cost due to self-service system. • Supermarket has large turnover. • Reasonable or low prices of goods. • Freedom of selection. • Shopping is very easy and quick. • Due to adequate parking space, shopping becomes easy and pleasing activity rather than boredom.
  39. Example of Super Market
  40. Franchise A franchise is a joint venture between franchisor and franchisee. The franchisor is the original business. It sells the right to use its name and idea. The franchisee buys this right to sell the franchisor's goods or services under an existing business model and trademark.
  41. Advantages of Franchise • Much of the work needed to launch a business idea has already been done. • Not as much, if any, experience is needed to start. • Support from a larger network of businesses. • Ability to tap into the collective buying power of the franchisor. • In cases, financing may be easier to secure.
  42. Example of Franchise