Why our retail business note good as other country

The government according to Arvind K. Singhal, Managaing Director KSA Technopak a management consulting specializing in customer goods and retailing must take the lead in pulling retailing out of prehistoric era. The 50 per cent partners of the Indian subsidiary of Kart Salmon Associate World wide tell SWATI PRASAD in an interview. Retailing in India is still in the very old period. The world over including in countries like Thailand, Indonesia, Malaysia, And MiddleEast it is an organized industry. Here we have million of small unorganized outlets without vision. Even in the case of MNCs like United Colors of Benton there are vast differences in size of their retail outlets and the quality of service offered, within a city and between cities. The government attitude has distorted things further. This structurally inhabiting factor will have to be removed first. About interest of Manufactures spend bulks of their energies in distribution, rather than in efficient supply. This in turn inhabits product innovation. Market determines whether they deserve that space or not. About failure or Big shopping malls in India in India Ansed was a thing. The government attitude towards the sectors its practically impossible to run outlet of Ebony or Big Jos and expect to make profit. You need good merchandise good information technology and well-organized supplies. Since the cost of operation of these malls is high margins get restricted. In our country these mall cant charge a premium for superior services. Indian retailer has not use to into merchandising management and planning. Talent is not coming in to retailing because there are no careers options since retail organized are not growing.

 The government must relies the potential of this sector especially with reference to employment creation. Then the sector must be opened to foreign direct investment. About positive change and answered was the change are very limited. For instance shrinkage or thefts by employees. The retailer still has not blocking and cant tell the manufacture to innovate or to improve quality. About major changes need to develop in retailing and answered was a lot of consideration is taking place. Put the price point on the product and directly ship it. The concept of automatic replenishment is taking place. Each store has a some pre set minimum level. And when a store reaches that level a signal is sent out to supplier who provides more stock immediately. A great deal of retail specific software has been created the world over. India has the advantage of picking up the best technology.

INDIA TO EMERGE AS SOURCING HUB FOR GLOBAL RETAILERS

The Indian textile and apparel industry is poised o emerge as sourcing hub for global retailer given the abundant supply of fiber well established production base and cost competiveness. The sourcing market is project to grow to 35-37 billion by 2001, from the current $22-25 billion. Identifying sourcing as huge opportunity for India Multi-Fiber Agreement produce growth in the quantum of sourcing to top global retailer for the country. Government incentives to export and entry of foreign retailer in to the domestic market would also boost retail sourcing from India. Market would grow annually at 6.5percent. Increasing consumerism and rapid growth in organized retail. Export would also grow annually by 12 per cent. Significant step towards Indias emergence as a value added garment exporter. Italian fashion powerhouse Diesel has split its Asian sourcing operations hitherto hindquarter in Hong Kong in A bid focus independently in India.

 Currently source garment worth roughly $18-25 million from India, looking at hiking its India exposure in the non-denim business. Currently sourcing garment worth $80million from. Asia and mostly from China. Freed up a lot of quality manufacturing capacity in India. China could turn dearer in the near future, is also aiding the move by international brands to consider an expert base in India.

Retail Range Planning, Merchandising planning and Assortment Planning REVIEW

Truly iterative process that typically involves buying and merchandising working hand in hand. The ultimate aim is for the final range selected to meet and exceed the customers expectation. Retail Planning is complex Buyers? Merchandiser have much to consider when developing and planning the range Buyers and merchandisers have a lot questions to consider when developing and planning the range, right price, right architecture, quality and value range. In this Article it is demand that merchandise planning process at the centre of all their commercial planning activities Merchandise plans become a key document for buyers and merchandiser It is also consumer that the range Plan or Merchandise Plan as they are equally well known from the basis for the development of the store cluster plan and in fully integrated planning process are the trigger for both demand planning and visual merchanding process. E-commerce, Online marketplace, mobile commerce development in technology have meant that companies have more ways of commutating with and transacting with their customer than ever before. There is sufficient research to prove the value of a cross channel customer vs. single channels. Some consumers simply enjoy the flexibility of multichannel and will dedicate their share of wallet and loyalty to those retailers who offer them a comprehensive cross channel shopping experience. Consumer are so engaged by online social network such as facebook and social media such as twitter it is inexcusable not to have a presence. At the very least monitoring consumer comment about their brand is critical for turning around unfavorable opinion.

 The most important a fundamental feature is that in this online social world where consumers can spread news of the good and bad experiences to literally millions of other within minutes. The services promise was clearly expressed at every touch point and that through all communication media the retailer ensured that their customer understood what to expect in terms of services experience. It is unlikely the total number of interaction between consumer and the retailer would profoundly increase just because there is greater variety of media by which they can make contact so teams will need to be open to that and retrained accordingly.

Merchandise Planning
This article is also the information about sales projection then you probably have an idea of many of them you are likely to sell during a week a month or a season. Merchandise planning by saving you a lot expense can deliver profits to your bottom line. Inventory management is based on a four part equation Sales+ Ending Inventory-Beginning inventory= Purchase In this also the consider a basic from of turnover. It is simply the rate at which you sell your merchandise which probably fluctuates broadly throughout the year. In the point of applying the formally it is require to check sales plan, and find out the currently planning. It is denoted that if use went to increase the sales. It is necessary to improve merchandise management plan. Through Merchandise management plan through making a plan takes and effort it pays off when you begin seeing your merchandise inflow closely matching your sales patterns. A good merchandise plan improve your inventory turnover cuts your inventory carrying cost and help you keep your inventory fresh, thereby cutting markdowns closeouts. In short it will help you make more money.

Name:-Komal.R.panchal Roll no:-16 Sub: - Merchandise Mgt (302) PGDLRM

Article

Submitted To: - Ashok sir

July15, 2011