Welcome to Live Chat
Welcome to LiveWebTutors Services, World's leading Academic solutions provider with Millions of Happy Students.
24x7 Support Available
To Get the Best Price Chat With Our Experts
In A Hurry? Get A Callback
Retail Management refers to a process of availing variety of products or the services to the customers at one place where say soap will have all the brands on a same place, similarly every product has different options and brands at a same place.
Retail Management is a customer focused process. There are so many retail outlets for different segments like – Reliance Retail, Bharti Walmart Retail, Mc. Donald, etc. These companies sell various items or the products at one place and customer may enter the store and buy all kinds of his requirements met at a same place. The space of the retail outlet is very big and offer wide variety and kinds of products such as electronics, house hold consumables, cosmetics, Clothing etc.
Organized retail accounts for just two percent in India. It is seen and observed in the world that rising income levels, nuclear families, busy time schedules and changing lifestyles of the people have given a great boost to the retail sector and in fact retail due to popular demand has expanded its operations at a larger scale, hired a lot of professionals, operational sales people, strategic thinkers etc, so that it could act as a boon for the people in these times when time is less and requirements are more.
Retail Sector is not at all organized so the following are much concerns in order to manage the retail industry: -
a. High Attrition Rate – Every company in retail has a different possibilities and offers so if a person is working as a sales man in one retail store and getting Rupees Five Thousand in hand then the other retail store in order to gain manpower attract him with Rupees Five Thousand Five Hundred in hand and hence that sales man leaves. So attrition rate is very high in the retail sector.
b. Low & Competitive Salaries – The salary bracket for various Retail companies are very competitive and the kind of manpower they look for in the low salaries and train them then those people join some other retail companies for more salaries and hence the retail companies spend a lot of money in the training and development which is not always utilized.
Retail sector offer lot of products which are from the varied segments and hence the management of retail sector requires a lot of challenges and hence in order to meet up these challenges a strong and dedicated work force is required in order to fulfill all the customer & client requirements. The retail company that is able to manage the right product mix target the right customers at the right location would be able to able to succeed in terms of getting the success, maximum revenues and the profitability.
These retail companies have given a lot of advantages to the world in terms of getting all the requirements at a single location or under single umbrella, time saving for the working professionals, sometimes the people forget certain consumables from their list of items but when they enter into retail store they even get remind of the items or the products they have to buy.
There is no deadline that can stop our writers from delivering quality assignments to the students.
Get authentic and unique assignments by using our 100% plagiarism-free services.
The experienced team of Live web tutors has got your back at all times of the day. Get connected with our customer support executives to receive instant and live solutions for your assignment problems.
We can build quality assignments in the subjects you're passionate about. Be it Engineering and Literature or Law and Marketing we have an expert writer for all.
Get premium service at a pocket-friendly rate. At live web tutors, we understand the tight budget of students and thus offer our services at highly affordable prices.
My research paper has been done from Livewebtutors. Great work, will recommend it for all.
26 Feb 2021
Thanks to the writer to handle my literature work. Super quick and smooth service.
26 Feb 2021
I was not so confident about the work done by this portal. But after the grades, I stand corrected.
26 Feb 2021
Best paraphrasing service available at Livewebtutors. Removed my plagiarized work within half a day.
26 Feb 2021
Accounts homework was well taken care of. Thanks to the expert who did it, you’re good.
26 Feb 2021