Retail

-
" Retail" is refers to give and take process between customers and seller in simple words. In ancient time, there is burter system is used by people of that time to buy the products. In this Burter system , people give the product which they carry with them and take new product as per their requirements.

Comments

Post a Comment

Popular posts from this blog

6 P's / Elements of Retail Mix

-
In last discussion about "Retail Mix", we introduced to 6P's or elements of it. Now, here we will learn about all of these 6P's or elements of "Retail Mix". The detail discussion about elements of retail mix is as follows::- 1- Product::- Product is one of the most important element of retail mix. Retailer needs to identifying and full fill customer's needs. Retailers must be focused about the quality of product as per the customer's expectations and requirements. 2- Place::- Place means right location where customer can access the product. The availability of product must be at the place of customer's need. 3- Promotion::- Promotion tool is used by retailers in order to advertise their products in market to customers. The promotion can be done by various method i.e. direct marketing, newspaper advertisement, leaflets and etc. 4- Price::- Price is also plays an important role in retail mix. Price decided by the retailer must be affordable by...
Read more

Current Fashion Trends in the Indian Retail Industry

-
The Indian fashion retail industry is currently witnessing a dynamic shift, driven by a confluence of factors like evolving consumer preferences, technological advancements, and economic growth. Here are some of the prominent trends shaping the landscape:  * E-commerce Dominance: Online shopping has become the preferred choice for many Indians, particularly millennials and Gen Z. E-commerce platforms offer a wider range of products, competitive pricing, and the convenience of home delivery, contributing to their increasing popularity.  * Rise of Private Labels: Indian retailers are increasingly focusing on developing their own private label brands. This strategy allows them to control product quality, pricing, and design, offering unique and often more affordable options to consumers.  * Focus on Sustainability: With growing environmental consciousness, consumers are increasingly seeking sustainable and ethical fashion choices. Brands that prioritize eco-friendly material...
Read more

The Micro-Fulfillment Revolution: Bringing the Warehouse to Your Doorstep

-
The rise of e-commerce has reshaped customer expectations. Same-day delivery, once a premium service, is fast becoming the standard. In this new reality, businesses are under pressure to reduce delivery times while keeping costs under control. This is where Micro-Fulfillment Centers (MFCs) are stepping in to change the game. What is Micro-Fulfillment? A Micro-Fulfillment Center is a small, highly automated warehouse strategically located closer to the end customer. Unlike traditional distribution centers, which are often miles outside the city, MFCs can be built in: Retail backrooms Urban warehouses Even inside existing supermarkets By positioning inventory near customers, companies can fulfill and deliver orders in hours rather than days. Why the Shift Toward Micro-Fulfillment? The need for MFCs is driven by three major forces: Customer Expectations – Faster delivery, real-time order tracking, and flexible pick-up/delivery slots. Rising Logistics Costs – Last-mile delivery is the most...
Read more