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Presentation
on Retail
Management
By
Diksha Vashisht
Shweta Chauhan
Akash Mondal
Date – October, 09, 2020
Retailer’s
Classification
on the basics
of
Operational
Structure
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
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.
Advantage of
e -commerce • A larger market
• Faster buying process.
• Store and product listing
creation.
• Cost reduction.
• Fast response to consumer
trends.
Example of E-
commerce
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.
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
Example of drug
store
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.
Advantage of
Specialty Store
• Provided with detailed
information
• Provide their customers with
special offers
• Focus on a single class of
products.
Example of
specialty store
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.
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.
Example of
Convenience Store
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.
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.
Example of
discount store
Hyper Market
• Combination of supermarket,
department store& specialty
stores
• Have extremely large store areas
• Use basic display racks
• Offer competitive prices
• Encourage Self-service
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
Example of Hyper
Market
• D-MART
• HYPERCITY
• BIG-BAZAAR
• RELIANCE
FRESH
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.
Advantages of
Kiosk
• Improve customer buying
experience
• Increase customer base
• Reduce the cost of business
• Boosts job satisfaction
Example of Kiosk
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
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
Example of
Factory Outlet
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
Advantages of
Mom’s &
Pop’s Stores
• Time and Energy Saving
• Convenience
• Facilities
• Good Relation over time
• Price Bargaining
Example of Mom’s
& Pop’s Stores
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.
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
Example of
Independent Retail
Unit
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.
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.
Example of Retail
Chain
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
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.
Example of Super
Market
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.
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.
Example of
Franchise
Retailer’s Classification on the basics of Operational Structure.pptx

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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
  • 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.
  • 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
  • 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.
  • 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.
  • 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.
  • 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
  • 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
  • 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
  • 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.
  • 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.
  • 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.