Posted in Community :
Retail & Supply Chain Professionals
Unlock Opportunities for Your Retail Stores in Today's Market
Tags :
Opportunities in Today's Market, Retail Stores in Today's Market, Retail , Opportunities in retail sector, trends in retail
Industry :
Retail Chain/Logistics
Functional Area : Strategy Execution, Business Models |
|
|
Follow this Topic |
more actions >>
|
About "Unlock Opportunities for Your Retail Stores in Today's Market" topic:
Business strategies are evolving to accommodate the changing business climate. Placing an emphasis on understanding your customers will guide you through today’s marketplace and place you in a better position for the future. So make customers the center of your organization's strategy. Here we will be discussing the strategies to efficiently and effectively increase performance of existing locations, developing a customer-centric site selection strategy, retaining your valuable customers, reactivating existing customers and marketing to customers who are most likely to buy from you.
2 debates
, 13 idea contests
, 1 question
on topic: "Unlock Opportunities for Your Retail Stores in Today's Market"
|
(rate this)
|
1
retaining the customer thru right information with right product nad services
2
Customers are happy when they the store
 |
c.s.manjunthan
| Added idea
"support"
| 2 years ago
|
|
Let the customers choose their needs, display of products should be accessable to all age custmers
|
|
 |
Shaji P R Nair
| Supported idea
"Customers are happy when they the store"
| 2 years ago
|
|
This is absolute correct, we want to make sure all the customers are happy when they are visiting our stores..............
|
|
 |
pallavi bhusannavar
| Supported idea
"retaining the customer thru right information with right product nad services"
| 2 years ago
|
|
now days customers are very aware of products dey buy...so if retailers give them needful information about products which they want to buy so customers will be happy...and they will able to visit
|
|
Ideate: "Which are the areas where a Retailer needs Investigation about his store?" deleted from your view.
|
(rate this)
|
1
Optimizing merchandise mix
2
Customer Oreintation
 |
Harshita Kesarwani
| Added idea
"Customer Oreintation"
| 2 years ago
|
|
In my opinion customer orientation is most important to make the cutomers feel 'the Retail Store VAlUES them'.Giving attention to indiviual needs satisfying the customers with products available at retail store is essential.
|
|
 |
Sagar Sharma
| Added idea
"Customer Orientation "
| 2 years ago
|
|
I think there is a need of customer orientation to exceed their experience at moment of truth.Good experience make long lasting relationship with customer and a satisfied customer is like a brand amabassdor,help to acquire new customers.To ensure...
|
|
 |
Kashif Billal
| Supported idea
"Optimizing merchandise mix"
| 2 years ago
|
|
As all of know "The Legendary Four P's of Marketing" and "The Four M's of Merchandising", if we prepare the right mix of both these factors. This cocktail would be more effective, and this would give the Customer Centric Strategy. Also, we have...
|
|
Ideate: " How is it possible to make Customers the center of a Retail store's strategy?" deleted from your view.
|
(rate this)
|
1
Checking the stocks periodically
2
Supply Chain Cost, Maintaining FIFO and continuous stock check
 |
malladi madhukumar
| Added idea
"Remove dead stock "
| 2 years ago
|
|
Dead stock locks capital,space,blocks new puchases . As such it is necessary to take stock of it . Employees should be encouraged to List out fast moving and dead stock everyday.
|
|
|
|
Harshita Kesarwani
| Added idea
"Smart & efficient Staff"
| 2 years ago
|
|
A Smart manager in the organisation would first keep a check on the purchases the purchaser, and would also keep contorl over the stock. Reduction in any variable cost which is an additional facility provided by the store to the customer...
|
|
Ideate: "How to attain Cost Reduction in Retail stores? " deleted from your view.
|
(rate this)
|
1
A national forum to share knowledge and network ?
2
Integrate buying and marketing functions
 |
veena srinath
| Added idea
"Integrate buying and marketing functions "
| 2 years ago
|
|
This will ensure that the customer focus is sharper and buying is not happening in a vacuum without relevant inputs from customer behavior feedback and trend tracking.
|
|
 |
Shailena Varma
| Supported idea
"A national forum to share knowledge and network ?"
| 2 years ago
|
|
I also agree that we do need a national level "Buyers professional association" which cuts across product categories and focuses on best practices.
|
|
Ideate: "Steps to make buying more transparent & professional in large Indian retail chains" deleted from your view.
|
(rate this)
|
1
Promotional events
2
Sale Sale Sale
 |
anuradha gupta
| Added idea
"promotional event"
| 1 year ago
|
|
promotional events can only increase sale as more people become aware of it
|
|
|
|
R.Saseenthren
| Supported idea
"Sale Sale Sale"
| 1 year ago
|
|
Sale once we hang this Board in any show room than we know seasonal offers are coming in,always sales go with the seasonal New Year Sales,Christmas,Dipavallie,Thaipongal etc.this is ideal for Home appliances,Cloths, Electronics, also I noticed the...
|
|
 |
Alok Sharma
| Supported idea
"Promotional events"
| 3 years ago
|
|
There is nothing better then to engage the customer, keep doing some or other promotions, they can be price let, qty led or occassion led. just giving discount is not right option.
|
|
Ideate: " How to get more and more customers to your retail store ?" deleted from your view.
|
(rate this)
|
An economic slowdown is prompting India’s retailers to sharpen their focus, while foreign firms are pausing after scrambling to enter a market named the most attractive retail destination three years...
 |
Makrand Bhave
| Answered
| 3 years ago
|
|
I do not see a drastic change in STORE FORMAT. As a consumer I am so used to seeing the stores the way they are that a change would mean to SEARCH for all my fav products in various other areas! It is not just rearranging the product mix but it...
|
|
 |
Deeso Manjila
| Answered
| 3 years ago
|
|
Yes. Freshness in any aspect of life is always welcome. Planogramming might have evolved in India, by this time, but the basis of planogramming is again on the western countries based studies. A real huge sampling study which would cover the...
|
|
Answer: "Do the retail stores need a change in their store formats? Will this improve their efficiency?" deleted from your view.
|
(rate this)
|
1
Shopper's Stop
2
Big Bazaar
|
|
Makrand Bhave
| Added idea
"Metro"
| 2 years ago
|
|
I find it complete in shopping experience. Virtually all you need under one roof. :))
|
|
|
|
malladi madhukumar
| Supported idea
"Big Bazaar"
| 2 years ago
|
|
Most of the daily needs available.
|
|
Ideate: "Which Retail Store you like and why?" deleted from your view.
|
(rate this)
|
1
Kiosk System
2
Fixed- Inventory check system helps in knowing customer preference
 |
Akhilesh Majumdar
| Added idea
"Fixed- Inventory check system helps in knowing customer preference"
| 2 years ago
|
|
Fixed- Inventory check system can be brought to the retail store, where it can be fixed on the trial room and tracks movement of goods in and out. So this would help to track frequently tried items. This would help to bring an idea on what goods...
|
|
 |
Sudhansu Jena
| Added idea
"Kiosk System"
| 2 years ago
|
|
I think Kiosk System can be brought to retail stores. Inbuilt RFID sensor in this system can sense any product taken near by and can display related information like date of manufacture,size,designer etc. This provides all information to...
|
|
 |
Chetan Thakare
| Supported idea
"Kiosk System"
| 2 years ago
|
|
I feel, automation in the sence of integration of all the retails xyz multibrand shoppies in one centrallised place called as central office in an imp point. by doing this one can track the inventory laying at different stores, one can get the...
|
|
Ideate: "How Automation can be brought to Retail Stores? " deleted from your view.
|
(rate this)
|
1
Rentals/POS/Pilferage/Customer interction
2
Supply Chain & Product Management
 |
ujjval jain
| Supported idea
"Rentals/POS/Pilferage/Customer interction"
| 2 years ago
|
|
I just agree with Sumeet here, real estate is just like the back pain in retail industry even for many other sectors. I have just witnessed outlets for three key brand in a high street closing their shutters forever one of the major issues for...
|
|
|
|
Ravindra Sharma
| Added idea
"Supply Chain & Product Management"
| 2 years ago
|
|
Maintaining sufficient stocks of the same brand and not frequently changing due SC mismanagement issues, asides ensuring within BBD appears most challenging in present vendor management models.
|
|
Ideate: "Which are the Pain areas in Retail Store business? " deleted from your view.
|
(rate this)
|
1
Treating as fresh customer
2
Making the return process as fast and simple as possible
 |
Neha Saboo
| Added idea
"Making the return process as fast and simple as possible"
| 2 years ago
|
|
I think the best way to handle the store return is by making the return process as fast and simple as possible. People are not normally cheerful when they're making store returns so the employees should be trained in such a manner that staff is...
|
|
|
|
Shailena Varma
| Added idea
"Treating as fresh customer"
| 2 years ago
|
|
I believe that by treating the customer who is making store return as a new customer would help a lot in this regard. Endless questions should not be asked to this customer which would make him tortured. Staff should respond in kind and remain...
|
|
Ideate: "How to handle customers making Store Returns? " deleted from your view.
Other knowledge matching "Unlock Opportunities for Your Retail Stores in Today's Market" topic
|
Activity:
203 referals
,
9 comments,
75 views
|
|
The art of living does not consist in preserving and clinging to a particular mood of happiness, but in allowing happiness to change in form without being disappointed by the change. For happiness, like a child, must be allowed to grow up.
|
|
Activity:
0 referals
,
5 comments,
667 views
|
|
Professor at IIM A was explaining marketing concepts: You see a gorgeous girl at a party. You go up to her and say, "I am very rich.Marry me!" That's Direct Marketing. You're at a party with a bunch of friends and see a gorgeous girl. One of your friends goes up to her and pointing at you says, "He's very rich.Marry him." That's Advertising. You see a gorgeous girl at a party. You go up to her and get her telephone number. The next day you call and say "Hi,I'm very rich.Marry me." That's Telemarketing. You're at a party and see a gorgeous girl. You get up and straighten your tie, you walk up to her and pour her a drink. You open the door for her, pick up her bag after she drops it, offer her a ride, and then say, "By the way, I'm very rich.Will you marry me?" That's Public Relations. You're at a party and see a gorgeous girl. She walks up to you and says, "You are very rich.." That's Brand Recognition. You see a gorgeous girl at a party. You go up to her and say, "I'm rich.Marry...
|
|
Activity:
2022 referals
,
15 votes,
497 views
|
|
When we are watching news channels or any other channel or reading news papers you bump upon many articles which make no sense. Your instant reaction to them is why is it on this page! What are the subjects you think should not have any space in...
|
|
Activity:
1647 referals
,
18 answers,
398 views
|
|
Everyday we see more and more facebook pages getting created. The fact is that 80-90% of the pages have likes less than 250. Creating a brand is a tough job. The brands which have more likes are the ones which are already well-known and...
|
|
Activity:
2331 referals
,
10 comments,
274 views
|
|
One more vuxury car is here. Price : styarting from 14.12lakhs Available in 3 variants . The all New Jetta is equipped with 2.0Litre, 4 cylinder CRDi engine with a maximum power output of 140PS @ 4200rpm and a maximum torque of 320 Nm @1750-2500 rpm. Mated to a 6 speed DSG gearbox and a Manual version, the new Jetta will have smoother gearshift and better responsiveness as compared to the older model. For ensuring optimum safety of its drivers and their co-passengers, the new Jetta will feature Electronic Stability Programme (ESP) and 8 Airbags to minimize injury in the event of an accident or collision. A 3-point belt for the center rear seat is also a welcome feature in this new version Luxury features include : Leather seat upholstery, a leather package for the steering wheel, handbrake and gear lever etc. Day time running lights, Cruise control, Hill Start Assist, an electrically adjustable driver seats, rear AC vents, a touchscreen entertainment system with an integrated CD...
|
Recent Knowledge in Topic (6)
|
|
More and more retail store are coming to the market with different products and they are... |
|
|
15 referals
6 votes,
886 views
|
|
|
Many retailers are coming to the market and they all are trying to grab the market share.... |
|
|
22 referals
5 votes,
184 views
|
|
|
|
Now a days retailors are looking all the way to increase their instore traffic. They are trying... |
|
|
0 referals
4 votes,
159 views
|
|
|
|
|
|
|
Similar Topics
Small stores, also called kirana stores, will continue to grow alongside...
1 trends
, 2 debates
, 2 idea contests
, 2 question
This topic will talk about the latest trends, strategies and opportunities...
1 trends
, 3 insight
, 2 debates
, 4 question
Private label describes products manufactured for sale under a specific...
1 insight
, 8 debates
, 2 idea contests
Retail Marketing in India has seen phenomenal growth in the last five years...
1 trends
, 4 insight
, 7 debates
, 4 idea contests
, 6 question
In the world of retail sales, many customers are approaching daily on for...
1 trends
, 1 debates
, 5 idea contests
Sponsored Jobs
