1) Retail is a large and growing industry in South Africa that employs a wide range of graduates in careers like supply chain, marketing, finance, and IT.
2) While retail may not seem like an obvious career choice, it offers opportunities for career progression and flexibility to specialize in different areas. Graduates can enter retail through internships, learnerships, or graduate recruitment programs.
3) Successful careers in retail require a hands-on approach by starting in store-level roles and working up. Retail experience can provide transferable skills for other industries and some of South Africa's most prominent business leaders started in retail.
Velocity 12: Reshaping the world view of middle-class growthS_HIFT
A new report that identifies 12 'velocity' markets that will be key to middle-class consumer growth over the next decade. With the BRIC index of markets having outlived its usefulness, Ogilvy's new ranking provides a fresh perspective on the future of global growth, and challenges some of the outdated notions about "emerging markets".
Ogilvy's V12 ranking goes beyond traditional economist and banking indices and is based upon measures of middle-class growth in terms of income, rather than assets, using a 'Purchasing Power Parity' (PPP) methodology, a measurement widely accepted by the IMF, the UN and the World Bank to equalize the purchasing power of different currencies. Critically, it also assessed markets based upon the velocity of growth and change - an increasingly important factor that some companies have grossly underestimated so far in their global growth plans.
This document discusses the challenges faced by modern Indian retailers. It covers several topics: the current scenario of the Indian retail market, the impact on manufacturers, the relationship between retailers and suppliers including buyer power and its abuses. Regarding suppliers, it discusses the rise of retailers' own brands crowding out independent brands, low prices and uncertainty imposed on suppliers. For consumers, it discusses both benefits like convenience but also potential detriments from the abuses of buyer power. It also covers challenges in retail logistics.
Retail in India is growing rapidly but also faces many challenges. Organized retail makes up only 3% of the market but is expected to grow significantly. Many large Indian and global companies are investing billions to expand retail operations through new stores, supply chain infrastructure, and partnerships. However, success is not guaranteed as retail requires large investments, real estate costs are high, distribution networks are weak, and many players could lead to overcapacity. The future of India's retail boom remains uncertain.
Brands That Do: Building Enterprise BusinessS_HIFT
Over 75 percent of brands are so meaningless to consumers that they may as well not be there. They are brands that are of no consequence — just names on products or services.
There is hope. Our research found that brands around the world matter in different ways than they did before. People want brands that act, that help, that do. Consumers are sending a very clear message that challenges every part of a business — from finances to operations to marketing. Consumers are telling us to stop making empty promises and start acting in new and different ways. In other words, we should be building brands that do things that matter to their customers.
Retailing in India faces several challenges including cultural diversity leading to difficulties targeting consumers, high real estate prices, a poor supply chain infrastructure with inefficient logistics, a shortage of skilled workers, fraud issues, and an inconsistent taxation system that does not fully recognize retail as an industry. However, the conclusion notes that retailing is now about forging relationships by casting customers in stories that reflect their desires and aspirations in order to provide experiences consumers want to repeat during each store visit as Indian consumers continue to evolve.
Public-private partnerships have been very successful in driving Dubai's economic growth, through initiatives that benefit both the public and private sectors. The UAE government supports the retail industry through initiatives like the Dubai Shopping Festival, which brings in millions of tourists annually and billions in revenue. The government also works closely with retailers to introduce innovations like Dubai 24 Hours, a two-day shopping event during Eid, which was very popular. Strong collaboration between the government and private sector, where each brings complementary strengths, has been key to the success of the retail industry in Dubai.
The Indian retail sector has traditionally been dominated by small, unorganized stores but has seen significant growth in organized retail chains in recent decades. While organized retail makes up only 3% of the total market currently, it is growing rapidly at 25-30% annually and is expected to triple in size to $24 billion by 2010. Major retailers are expanding rapidly across India, but the retail market remains fragmented compared to other countries and further consolidation is expected.
1) China has a larger retail market than India, but India's retail industry is still underdeveloped, leaving significant room for growth.
2) India's retail industry is growing rapidly due to factors like rising incomes, urbanization, and the growth of e-commerce. However, e-tailers have focused only on acquisition metrics like market share rather than retention.
3) To succeed, retailers must understand customers' full shopping journey and satisfy customers' needs across different shopping mindsets, both online and offline. The future is in effectively blending online and offline retail models.
Velocity 12: Reshaping the world view of middle-class growthS_HIFT
A new report that identifies 12 'velocity' markets that will be key to middle-class consumer growth over the next decade. With the BRIC index of markets having outlived its usefulness, Ogilvy's new ranking provides a fresh perspective on the future of global growth, and challenges some of the outdated notions about "emerging markets".
Ogilvy's V12 ranking goes beyond traditional economist and banking indices and is based upon measures of middle-class growth in terms of income, rather than assets, using a 'Purchasing Power Parity' (PPP) methodology, a measurement widely accepted by the IMF, the UN and the World Bank to equalize the purchasing power of different currencies. Critically, it also assessed markets based upon the velocity of growth and change - an increasingly important factor that some companies have grossly underestimated so far in their global growth plans.
This document discusses the challenges faced by modern Indian retailers. It covers several topics: the current scenario of the Indian retail market, the impact on manufacturers, the relationship between retailers and suppliers including buyer power and its abuses. Regarding suppliers, it discusses the rise of retailers' own brands crowding out independent brands, low prices and uncertainty imposed on suppliers. For consumers, it discusses both benefits like convenience but also potential detriments from the abuses of buyer power. It also covers challenges in retail logistics.
Retail in India is growing rapidly but also faces many challenges. Organized retail makes up only 3% of the market but is expected to grow significantly. Many large Indian and global companies are investing billions to expand retail operations through new stores, supply chain infrastructure, and partnerships. However, success is not guaranteed as retail requires large investments, real estate costs are high, distribution networks are weak, and many players could lead to overcapacity. The future of India's retail boom remains uncertain.
Brands That Do: Building Enterprise BusinessS_HIFT
Over 75 percent of brands are so meaningless to consumers that they may as well not be there. They are brands that are of no consequence — just names on products or services.
There is hope. Our research found that brands around the world matter in different ways than they did before. People want brands that act, that help, that do. Consumers are sending a very clear message that challenges every part of a business — from finances to operations to marketing. Consumers are telling us to stop making empty promises and start acting in new and different ways. In other words, we should be building brands that do things that matter to their customers.
Retailing in India faces several challenges including cultural diversity leading to difficulties targeting consumers, high real estate prices, a poor supply chain infrastructure with inefficient logistics, a shortage of skilled workers, fraud issues, and an inconsistent taxation system that does not fully recognize retail as an industry. However, the conclusion notes that retailing is now about forging relationships by casting customers in stories that reflect their desires and aspirations in order to provide experiences consumers want to repeat during each store visit as Indian consumers continue to evolve.
Public-private partnerships have been very successful in driving Dubai's economic growth, through initiatives that benefit both the public and private sectors. The UAE government supports the retail industry through initiatives like the Dubai Shopping Festival, which brings in millions of tourists annually and billions in revenue. The government also works closely with retailers to introduce innovations like Dubai 24 Hours, a two-day shopping event during Eid, which was very popular. Strong collaboration between the government and private sector, where each brings complementary strengths, has been key to the success of the retail industry in Dubai.
The Indian retail sector has traditionally been dominated by small, unorganized stores but has seen significant growth in organized retail chains in recent decades. While organized retail makes up only 3% of the total market currently, it is growing rapidly at 25-30% annually and is expected to triple in size to $24 billion by 2010. Major retailers are expanding rapidly across India, but the retail market remains fragmented compared to other countries and further consolidation is expected.
1) China has a larger retail market than India, but India's retail industry is still underdeveloped, leaving significant room for growth.
2) India's retail industry is growing rapidly due to factors like rising incomes, urbanization, and the growth of e-commerce. However, e-tailers have focused only on acquisition metrics like market share rather than retention.
3) To succeed, retailers must understand customers' full shopping journey and satisfy customers' needs across different shopping mindsets, both online and offline. The future is in effectively blending online and offline retail models.
The document provides information about retail management and the retail industry in India. It discusses key topics like:
1. Retailing encompasses the selling of goods and services to consumers for personal use and is the largest stage in distribution. Major retailers like Walmart are leading companies globally in terms of sales.
2. The Indian retail industry is one of the most dynamic industries and accounts for 10% of GDP and 8% of employment. Organized retail is expected to double to $1 trillion by 2020 driven by income growth, urbanization, and attitude shifts.
3. New technologies are improving retail productivity while there are also opportunities to start retail businesses in India. However, retailers face challenges from economic weakness impacting
About the Ormita Commerce Network Barter Exchange PlatformSelina Markham
Ormita is the world's largest multilateral reciprocal barter exchange system, with subsidiaries that conduct business worldwide and offices in 23 countries.
-Allows a business to swap / exchange their own product or service for things they need
-Reduces the cash outlay of the business
-Every purchase is matched with a new sale
-Purchase of international advertising, trade shows, translation, legal and accounting services etc
-More sales result in more customer feedback and less cost for “give-away” samples
Barter Provides a Mechanism to Improve the Balance Sheet
-Goods acquired using barter are still counted as an increase in the assets of the business.
-Bank capital guarantees reduce available lines of credit - barter capital does not.
-Allows the organisation to meet assets and/or equity ratios for other (cash) subsidies and loans.
-Lets a business obtain future international lines of credit guaranteed by countertrading operations.
The use of networks such as Ormita can help countries to build solid industrial bases, by balancing purchases of foreign goods and services against domestic exports in a simple, but creative manner; while addressing World Bank and IMF concerns of “bilateralism” and anti-competitive behaviour. This form of trade finance has a multiplier effect as it increases overall purchasing power which helps to reduce unemployment, recover potentially depreciating (or lost) value and helps a country’s development.
"International Trade Flows Facing The Global Credit Crunch: The Multilateral Barter Trade System". University of Turin, Italy. Faculty of Economics. March 2012
“Businesses often have excess capacity in their own goods, services or infrastructure, even more so when the financial cycle slows and credit tightens. Business people find that using capacity to source needed goods and services is an attractive alternative proposition to conventional sales and credit if it can increase sales, ease cash flow or reduce reliance on conventional credit.”
"Capacity Trade and Credit: Emerging Architectures for Commerce and Money". City of London Corporation, ESRC, UKTI, BIS joint Report. City of London Corporation. Dec 2011.
http://www.barterforadvertising.com
http://www.barterforprinting.com
http://www.agriculturalbarter.com
http://www.governmentbarter.com
http://www.ormitacorporate.com
http://www.ormita.com
http://www.barterforequity.com
This document discusses retailing in India, including the various types of retail formats that exist, from traditional open-air markets to modern shopping malls. It outlines some of the main challenges in Indian retailing related to store operations like type, location, design and pricing policies. Factors that influence retail location and different pricing strategies are also examined. The document concludes by describing various promotional strategies and techniques used by Indian retailers, such as mall exhibitions, mobile vans, and interactive digital displays.
The document defines retailing as the sale of goods or services directly to final consumers. It notes that retailing is a large global industry dominated by developed countries. In India, retailing is dominated by unorganized mom and pop shops, while organized retail makes up a small portion. The retail landscape in India is discussed, along with major players and consumption categories. Challenges and opportunities for retail in India are outlined. Online retailing and its payment methods and challenges are also summarized. The contribution of retailing to the Indian economy and employment are highlighted.
The document discusses whether there is an e-commerce bubble in India given the large funding and valuations of Indian e-commerce companies despite most being unprofitable. It notes that while e-commerce growth is promising due to rising internet access and disposable income, companies rely on unsustainable discounts and inflated GMV valuations rather than profits. High valuations may not be justified without demonstrated profitability models. The outlook is uncertain but e-commerce could be viable if margins cover costs, though a wait-and-watch approach may be safest for now.
Presentation On Future Of Indian Retail SectorMukesh Kumar
The document discusses trends in the Indian retail sector. It notes that retail currently makes up 8% of employment in India compared to 16% in the US. The rural retail market consists of 720 million consumers across 100,000+ villages. Modern retail is growing and may reach $300 billion by 2010. While large foreign retailers could bring benefits, there are also concerns about their impact on traditional small retailers and domestic jobs.
Mobile :: Discover Everything Around LocalSunil Malhotra
Building on how retail has played a role in the Social-Local-Mobile (SoLoMo) space, many brands have started to drive awareness, buzz, and even promotion into consumers’ lives through the smart integration of digital, mobile, and social technology into their brick-and-mortar businesses. DEALChaat, a discovery engine launched by Ideafarms in Delhi NCR late 2012, is a true location-based Advertising & Promotions platform on smartphones. This document gives a background of the status of the platform and highlights its potential for becoming an early example of the whats and wherefores of SoLoMo play.
The document provides an overview of the global retailing scenario and its future. It discusses the evolution of retailing formats in India from traditional mom and pop stores to modern hypermarkets and malls. FDI in Indian retailing is currently restricted but expected to grow the sector significantly. The changing Indian consumer and anticipated growth of the Indian retail market present opportunities for both domestic and global retailers.
Retailing involves selling products to consumers for personal use. It matches consumer demand with manufacturer supply. The document discusses various retail formats like traditional stores, department stores, discount stores, category killers, specialty stores, and e-tailers. It also discusses drivers of changing retail structures in India like customers, marketing plans, visual recognition, workplace challenges, and planning for success. Finally, it discusses how the internet redefines the retail industry by supporting marketing, facilitating retail marketing through communication and interaction, and enabling a different retail experience through online shopping.
The retail industry in India has evolved from traditional barter and kirana stores to modern retail formats like supermarkets and hypermarkets. It currently accounts for 24% of India's GDP and is the fifth largest retail market in the world, though organized retail makes up only 5-7% of the sector. Major players in Indian retail include Pantaloons, Shoppers Stop, and Trent. The industry faces opportunities for growth from rising incomes and urbanization, but also challenges from a fragmented supply chain and lack of infrastructure.
This document discusses the changing retail landscape in India. It notes that India has experienced rapid economic growth in recent years, led by the services sector, with high private consumption. This has created opportunities for retail growth. Currently, modern organized retail makes up only about 3% of the total retail market, but is projected to grow significantly. Several global retailers have established joint ventures in India to tap into the growing market. However, Indian retail also faces challenges in organizing due to its heterogeneous nature and the dominance of traditional unorganized retailers.
The Poor as Customers (Development Thru Revolutionary Marketing Concepts) - A...Magna Kultura Foundation
Marketing 101 has taught us all about market segmentation, targeting, and positioning. Traditionally, companies segment the market according to purchasing power or income level. Then they target and position themselves in that segment where members have money and high consumption levels, are easy to reach, sophisticated, and knowledgeable about the various products and brands present in the market. These members constitute the segment most fought over by companies as they belong to Class AB or the middle and upper class, otherwise known as the “top of the pyramid”(TOP).
Marketing to the have-less poses challenges in terms of discovering the peculiarities of the emerging have-less market as this segment has consumption and spending patterns different from the have-more. Moreover, marketing to the have-less means having to contend with a different kind of physical environment. However, the age-old principles of marketing remain: well-defined segmentation; accurate targeting; and clear positioning, which leads to innovations in product development, packaging, pricing, and distribution. Ultimately, the challenge to companies doing business with the have-less is to mine the fortune held in small quantities by the huge number of the yet-to-be tapped customers.
The document discusses various online B2B marketplaces. It analyzes 5 major B2B marketplaces: Alibaba, Indiamart, Tradeindia, EC21, and TATAB2B. Each marketplace provides an online platform for businesses to connect, find suppliers and buyers, and conduct transactions globally. The document also discusses the benefits of online B2B marketplaces like increased access, reduced costs, and opportunities for businesses to expand internationally.
The document provides lessons and forecasts for small and medium enterprises (SMEs) in navigating future business trends and economic conditions. It discusses that SMEs will need to focus on niche markets rather than mass production; leverage online marketing rather than comparing themselves to big businesses; invest in building relationships through frequent engagement with customers; and focus on value rather than considering themselves mere companies. It also forecasts that the recession will drive more entrepreneurship; SMEs will increasingly operate globally through online networks; and technology will enable new opportunities for flexible and mobile work.
The document provides an overview of a project report on retailing. It includes an introduction, history of retailing covering mom and pop stores to ecommerce, types of retailing including store and non-store, challenges faced by the Indian retail sector, and social and economic significance of retailing. The executive summary highlights that small retailers need to understand trends like omni-channel retail and technology to stay competitive in the current environment.
Retailing involves the direct sale of products and services to consumers for their personal use. Retail is driven by consumer spending which depends on disposable income and consumer confidence. Global retail sales have nearly doubled since the 1980s, with the US leading, and retail in Asian economies is growing 6-10% annually. Various types of retailers include specialty stores, department stores, supermarkets/hypermarkets, convenience stores, discount stores, and off-price retailers. Operational issues for retailers include supply chain management, pricing, sales channels, and retail strategies.
Future Economics of Loyalty US - Manu SarnaManu Sarna
The document discusses how retailers can shift marketing spending from traditional mass promotions like flyers to more targeted loyalty programs using customer data. It argues that while flyers are very expensive, retailers see them as necessary but loyalty programs offer a better return on investment. The document advocates for a strategy called "nanotargeting" where customers receive highly personalized offers based on their past shopping behavior to generate more store traffic and sales. Retailers are cautious about this approach due to risks but it is presented as the future of retail marketing.
The Indian retail sector is highly fragmented with over 12 million small, unorganized stores. However, organized retail is growing rapidly, estimated to triple in size to $24 billion by 2010. Modern retail formats are spreading from urban to rural areas and deepening their presence across India. While organized retail still only accounts for 3% of the market, its annual growth rate of 25-30% will likely see it reach 15-20% of the total retail market in the coming decade. Foreign retailers are also entering India, attracted by its potential as a goldmine, but Indian retailers still lag global best practices in areas like inventory management and supply chain integration.
Organized retailing in India: challenges and opportunitiesPierre Memheld
This document summarizes research on organized retailing in India. It discusses:
1) The evolution of retail in India from traditional formats like markets to more modern organized retailers like supermarkets and department stores with the economic liberalization of the 1990s.
2) The objectives of the research, which are to examine the growth, impact, challenges, and future of modern retailing in India.
3) A literature review on topics like the growth of the Indian retail market, changing consumer preferences, and frameworks for understanding consumer decision-making styles.
The document discusses retail trends expected between now and 2015. It predicts that demographic differences will widen, with growth primarily among older generations and younger generations under 35. Retailers will have difficulty appealing to both groups. The US population will also become more racially diverse. There will be more single-person and smaller households as families decrease in size. Technology will be more prevalent and change how customers obtain and share information. Retailers must adapt to these shifting trends to succeed in 2015.
Este documento describe el plan de compensación de Zija en Estados Unidos. Ofrece múltiples formas de ganar ingresos como ventas directas, comisiones de equipo, bonos por volumen y liderazgo. Los distribuidores pueden ganar comisiones por las ventas de su equipo y clientes preferenciales, así como bonos por el reclutamiento y el volumen de sus organizaciones. A medida que los distribuidores alcanzan rangos más altos como Builder, Bronce y Diamante, pueden calificar para mayores bonificaciones y comisiones.
Periódico digital de la Prefectura del Guayas - Julio 2012Guayasenses
El prefecto Jimmy Jairala y el presidente Rafael Correa inauguraron la ampliación a 10 carriles de la vía Durán-Boliche como parte de un convenio entre la Prefectura del Guayas y el Ministerio de Transporte para rehabilitar 19 vías en la provincia. La Prefectura también está realizando obras de mantenimiento y reconstrucción en varias carreteras secundarias del Guayas usando maquinaria propia. Adicionalmente, la Prefectura entregó dos nuevas unidades básicas de salud en los recintos de R
The document provides information about retail management and the retail industry in India. It discusses key topics like:
1. Retailing encompasses the selling of goods and services to consumers for personal use and is the largest stage in distribution. Major retailers like Walmart are leading companies globally in terms of sales.
2. The Indian retail industry is one of the most dynamic industries and accounts for 10% of GDP and 8% of employment. Organized retail is expected to double to $1 trillion by 2020 driven by income growth, urbanization, and attitude shifts.
3. New technologies are improving retail productivity while there are also opportunities to start retail businesses in India. However, retailers face challenges from economic weakness impacting
About the Ormita Commerce Network Barter Exchange PlatformSelina Markham
Ormita is the world's largest multilateral reciprocal barter exchange system, with subsidiaries that conduct business worldwide and offices in 23 countries.
-Allows a business to swap / exchange their own product or service for things they need
-Reduces the cash outlay of the business
-Every purchase is matched with a new sale
-Purchase of international advertising, trade shows, translation, legal and accounting services etc
-More sales result in more customer feedback and less cost for “give-away” samples
Barter Provides a Mechanism to Improve the Balance Sheet
-Goods acquired using barter are still counted as an increase in the assets of the business.
-Bank capital guarantees reduce available lines of credit - barter capital does not.
-Allows the organisation to meet assets and/or equity ratios for other (cash) subsidies and loans.
-Lets a business obtain future international lines of credit guaranteed by countertrading operations.
The use of networks such as Ormita can help countries to build solid industrial bases, by balancing purchases of foreign goods and services against domestic exports in a simple, but creative manner; while addressing World Bank and IMF concerns of “bilateralism” and anti-competitive behaviour. This form of trade finance has a multiplier effect as it increases overall purchasing power which helps to reduce unemployment, recover potentially depreciating (or lost) value and helps a country’s development.
"International Trade Flows Facing The Global Credit Crunch: The Multilateral Barter Trade System". University of Turin, Italy. Faculty of Economics. March 2012
“Businesses often have excess capacity in their own goods, services or infrastructure, even more so when the financial cycle slows and credit tightens. Business people find that using capacity to source needed goods and services is an attractive alternative proposition to conventional sales and credit if it can increase sales, ease cash flow or reduce reliance on conventional credit.”
"Capacity Trade and Credit: Emerging Architectures for Commerce and Money". City of London Corporation, ESRC, UKTI, BIS joint Report. City of London Corporation. Dec 2011.
http://www.barterforadvertising.com
http://www.barterforprinting.com
http://www.agriculturalbarter.com
http://www.governmentbarter.com
http://www.ormitacorporate.com
http://www.ormita.com
http://www.barterforequity.com
This document discusses retailing in India, including the various types of retail formats that exist, from traditional open-air markets to modern shopping malls. It outlines some of the main challenges in Indian retailing related to store operations like type, location, design and pricing policies. Factors that influence retail location and different pricing strategies are also examined. The document concludes by describing various promotional strategies and techniques used by Indian retailers, such as mall exhibitions, mobile vans, and interactive digital displays.
The document defines retailing as the sale of goods or services directly to final consumers. It notes that retailing is a large global industry dominated by developed countries. In India, retailing is dominated by unorganized mom and pop shops, while organized retail makes up a small portion. The retail landscape in India is discussed, along with major players and consumption categories. Challenges and opportunities for retail in India are outlined. Online retailing and its payment methods and challenges are also summarized. The contribution of retailing to the Indian economy and employment are highlighted.
The document discusses whether there is an e-commerce bubble in India given the large funding and valuations of Indian e-commerce companies despite most being unprofitable. It notes that while e-commerce growth is promising due to rising internet access and disposable income, companies rely on unsustainable discounts and inflated GMV valuations rather than profits. High valuations may not be justified without demonstrated profitability models. The outlook is uncertain but e-commerce could be viable if margins cover costs, though a wait-and-watch approach may be safest for now.
Presentation On Future Of Indian Retail SectorMukesh Kumar
The document discusses trends in the Indian retail sector. It notes that retail currently makes up 8% of employment in India compared to 16% in the US. The rural retail market consists of 720 million consumers across 100,000+ villages. Modern retail is growing and may reach $300 billion by 2010. While large foreign retailers could bring benefits, there are also concerns about their impact on traditional small retailers and domestic jobs.
Mobile :: Discover Everything Around LocalSunil Malhotra
Building on how retail has played a role in the Social-Local-Mobile (SoLoMo) space, many brands have started to drive awareness, buzz, and even promotion into consumers’ lives through the smart integration of digital, mobile, and social technology into their brick-and-mortar businesses. DEALChaat, a discovery engine launched by Ideafarms in Delhi NCR late 2012, is a true location-based Advertising & Promotions platform on smartphones. This document gives a background of the status of the platform and highlights its potential for becoming an early example of the whats and wherefores of SoLoMo play.
The document provides an overview of the global retailing scenario and its future. It discusses the evolution of retailing formats in India from traditional mom and pop stores to modern hypermarkets and malls. FDI in Indian retailing is currently restricted but expected to grow the sector significantly. The changing Indian consumer and anticipated growth of the Indian retail market present opportunities for both domestic and global retailers.
Retailing involves selling products to consumers for personal use. It matches consumer demand with manufacturer supply. The document discusses various retail formats like traditional stores, department stores, discount stores, category killers, specialty stores, and e-tailers. It also discusses drivers of changing retail structures in India like customers, marketing plans, visual recognition, workplace challenges, and planning for success. Finally, it discusses how the internet redefines the retail industry by supporting marketing, facilitating retail marketing through communication and interaction, and enabling a different retail experience through online shopping.
The retail industry in India has evolved from traditional barter and kirana stores to modern retail formats like supermarkets and hypermarkets. It currently accounts for 24% of India's GDP and is the fifth largest retail market in the world, though organized retail makes up only 5-7% of the sector. Major players in Indian retail include Pantaloons, Shoppers Stop, and Trent. The industry faces opportunities for growth from rising incomes and urbanization, but also challenges from a fragmented supply chain and lack of infrastructure.
This document discusses the changing retail landscape in India. It notes that India has experienced rapid economic growth in recent years, led by the services sector, with high private consumption. This has created opportunities for retail growth. Currently, modern organized retail makes up only about 3% of the total retail market, but is projected to grow significantly. Several global retailers have established joint ventures in India to tap into the growing market. However, Indian retail also faces challenges in organizing due to its heterogeneous nature and the dominance of traditional unorganized retailers.
The Poor as Customers (Development Thru Revolutionary Marketing Concepts) - A...Magna Kultura Foundation
Marketing 101 has taught us all about market segmentation, targeting, and positioning. Traditionally, companies segment the market according to purchasing power or income level. Then they target and position themselves in that segment where members have money and high consumption levels, are easy to reach, sophisticated, and knowledgeable about the various products and brands present in the market. These members constitute the segment most fought over by companies as they belong to Class AB or the middle and upper class, otherwise known as the “top of the pyramid”(TOP).
Marketing to the have-less poses challenges in terms of discovering the peculiarities of the emerging have-less market as this segment has consumption and spending patterns different from the have-more. Moreover, marketing to the have-less means having to contend with a different kind of physical environment. However, the age-old principles of marketing remain: well-defined segmentation; accurate targeting; and clear positioning, which leads to innovations in product development, packaging, pricing, and distribution. Ultimately, the challenge to companies doing business with the have-less is to mine the fortune held in small quantities by the huge number of the yet-to-be tapped customers.
The document discusses various online B2B marketplaces. It analyzes 5 major B2B marketplaces: Alibaba, Indiamart, Tradeindia, EC21, and TATAB2B. Each marketplace provides an online platform for businesses to connect, find suppliers and buyers, and conduct transactions globally. The document also discusses the benefits of online B2B marketplaces like increased access, reduced costs, and opportunities for businesses to expand internationally.
The document provides lessons and forecasts for small and medium enterprises (SMEs) in navigating future business trends and economic conditions. It discusses that SMEs will need to focus on niche markets rather than mass production; leverage online marketing rather than comparing themselves to big businesses; invest in building relationships through frequent engagement with customers; and focus on value rather than considering themselves mere companies. It also forecasts that the recession will drive more entrepreneurship; SMEs will increasingly operate globally through online networks; and technology will enable new opportunities for flexible and mobile work.
The document provides an overview of a project report on retailing. It includes an introduction, history of retailing covering mom and pop stores to ecommerce, types of retailing including store and non-store, challenges faced by the Indian retail sector, and social and economic significance of retailing. The executive summary highlights that small retailers need to understand trends like omni-channel retail and technology to stay competitive in the current environment.
Retailing involves the direct sale of products and services to consumers for their personal use. Retail is driven by consumer spending which depends on disposable income and consumer confidence. Global retail sales have nearly doubled since the 1980s, with the US leading, and retail in Asian economies is growing 6-10% annually. Various types of retailers include specialty stores, department stores, supermarkets/hypermarkets, convenience stores, discount stores, and off-price retailers. Operational issues for retailers include supply chain management, pricing, sales channels, and retail strategies.
Future Economics of Loyalty US - Manu SarnaManu Sarna
The document discusses how retailers can shift marketing spending from traditional mass promotions like flyers to more targeted loyalty programs using customer data. It argues that while flyers are very expensive, retailers see them as necessary but loyalty programs offer a better return on investment. The document advocates for a strategy called "nanotargeting" where customers receive highly personalized offers based on their past shopping behavior to generate more store traffic and sales. Retailers are cautious about this approach due to risks but it is presented as the future of retail marketing.
The Indian retail sector is highly fragmented with over 12 million small, unorganized stores. However, organized retail is growing rapidly, estimated to triple in size to $24 billion by 2010. Modern retail formats are spreading from urban to rural areas and deepening their presence across India. While organized retail still only accounts for 3% of the market, its annual growth rate of 25-30% will likely see it reach 15-20% of the total retail market in the coming decade. Foreign retailers are also entering India, attracted by its potential as a goldmine, but Indian retailers still lag global best practices in areas like inventory management and supply chain integration.
Organized retailing in India: challenges and opportunitiesPierre Memheld
This document summarizes research on organized retailing in India. It discusses:
1) The evolution of retail in India from traditional formats like markets to more modern organized retailers like supermarkets and department stores with the economic liberalization of the 1990s.
2) The objectives of the research, which are to examine the growth, impact, challenges, and future of modern retailing in India.
3) A literature review on topics like the growth of the Indian retail market, changing consumer preferences, and frameworks for understanding consumer decision-making styles.
The document discusses retail trends expected between now and 2015. It predicts that demographic differences will widen, with growth primarily among older generations and younger generations under 35. Retailers will have difficulty appealing to both groups. The US population will also become more racially diverse. There will be more single-person and smaller households as families decrease in size. Technology will be more prevalent and change how customers obtain and share information. Retailers must adapt to these shifting trends to succeed in 2015.
Este documento describe el plan de compensación de Zija en Estados Unidos. Ofrece múltiples formas de ganar ingresos como ventas directas, comisiones de equipo, bonos por volumen y liderazgo. Los distribuidores pueden ganar comisiones por las ventas de su equipo y clientes preferenciales, así como bonos por el reclutamiento y el volumen de sus organizaciones. A medida que los distribuidores alcanzan rangos más altos como Builder, Bronce y Diamante, pueden calificar para mayores bonificaciones y comisiones.
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The document provides details about the Salmon Arm Sockeyes Swim Club 2010 Invitational Swim Meet to be held on July 17-18, 2010 at the Salmon Arm Community Centre. It includes information about the meet format, events, entry fees, deadlines, accommodations, and contact information for the meet manager Margaret Kitchen.
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Este documento contiene el programa y resumen de la XXV Reunión de la Sociedad Española de Neurocirugía Pediátrica que se celebrará los días 19 y 20 de febrero de 2009 en el Hotel Zenit de Lleida. El programa incluye presentaciones y comunicaciones sobre nuevas tecnologías en diagnóstico y tratamiento de tumores cerebrales, síndromes craneofaciales complejos y otras patologías neurológicas en edad pediátrica. También se incluyen detalles sobre las actividades sociales paralelas a la
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XII Jornadas sobre Infancia y Juventud, Unidad de Prevención Comunitaria en Conductas Adictivas (UPCCA)
Villena, 23 de octubre de 2015
Mesa redonda moderada por Gersón Beltrán (@gersonbeltran) con la participación de Clara Montesinos (@claramontesinos), Susana Lluna (@susanalluna), Mayte Vañó (@maytevs) y Eva María Marcos (@evamariamarcos)
http://jornadaprevencionvillena.blogspot.com.es/
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Feed me, Seymour! Supplemental User Data For IBM Connections ProfilesMartin Leyrer
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Buzzword Bingo for this session: fill-scripts, profiles, tdi, csv workplace, address, department, reports, cognos, search.
El documento describe los pasos para hacer un bolso de cuero, incluyendo obtener los materiales necesarios como cuero, lápices, tijeras y cremallera. Luego se hace un boceto del diseño del bolso y se recortan las piezas de cuero. Finalmente, se cosen las piezas juntas, se agrega la cremallera y un mango, y el bolso está listo. Se puede complementar con accesorios hechos del cuero sobrante.
This document provides an introduction to the study of runic amulets and magic objects from northern Europe. It discusses runic inscriptions found on various objects that were thought to have magical powers, shedding light on the religious beliefs and cultural practices of early Germanic peoples prior to Christianization. The authors aim to analyze these inscriptions contextually and categorize them by type rather than relying on speculative individual interpretations. They also compare runic texts to similar expressions from Greek and Roman traditions to better understand meaning and usage. The document outlines the structure of the book, with chapters examining inscriptions related to gods, love, protection, fertility, healing, ritual items, Christian contexts, curses, and runic lore.
Job opportunities in retail industry in Indiakolanji65
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The document summarizes key insights from a panel discussion on the evolution of marketing at an event called "Marketing Unbound". Some of the main points are:
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The document discusses trends in retail theater and experience. It notes that retailers are increasingly focusing on creating memorable shopping experiences through innovative store designs, interactive digital elements, pop-up shops, and unique social experiences to engage customers. Examples highlighted include Selfridges' focus on creativity and innovation in store experiences, and Burberry's use of digital elements like livestreaming of fashion shows. Theatrical retail experiences that inspire customers are becoming essential for brands to cultivate fans and word-of-mouth promotion in the competitive retail landscape.
Best Retails Brands 2014 by Interbrand
http://interbrand.com/assets/uploads/Interbrand-Best-Retail-Brands-2014-3.pdf?_ga=1.101985793.1041352849.1412858098
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This document provides information about a new professional sales awards scheme launched in the UK. It summarizes perspectives from industry experts on how sales has evolved in recent decades. Key points include:
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This document discusses a case study of customer expectations and satisfaction at Big Bazaar retail stores in Baroda, India. It begins with an introduction to the retail industry and Big Bazaar. A literature review is then presented on previous studies related to customer expectations, satisfaction, and organized retail. The SERVQUAL model for measuring service quality expectations across five dimensions is described. The study aims to identify customer expectations and satisfaction levels towards Big Bazaar stores using the SERVQUAL dimensions. A survey was conducted with 100 customers and results found that satisfaction levels were positive but expectations were greater than satisfaction.
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The document discusses opportunities for retailers to reimagine the customer experience in the post-pandemic retail landscape. It identifies five key areas for reimagination: 1) Everywhere Commerce, where retailers meet customers in new digital and physical places; 2) Let Me Entertain You, where physical stores are reimagined as engaging destinations rather than just transaction points; 3) The Many "Re"s in Retail, focusing on redesign, reuse, repair, resale to meet changing customer values; 4) Put Your Money Where Your Mouth Purpose Is, where brands' social purpose inspires customer loyalty; and 5) If You Don't Know Me By Now, where deep customer insights and personalized experiences are key to
Retail marketing strategies from Middle East Retail ForumMichael Leander
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1) IKEA is cutting office jobs but opening more stores, creating net new jobs. Retail must adapt to changing consumer preferences and technology.
2) Successful retailers like Amazon and Alibaba put consumers first and move quickly, forcing others to focus on value, selection, and convenience.
3) Retail will be more integrated across digital and physical channels to provide seamless shopping experiences, but physical stores will still be important. The divide between large and small retailers will also increase.
The document discusses the evolution of retail from an in-store focus to an omni-channel approach in order to meet changing consumer expectations. It notes that while physical stores are still important, online shopping has nearly doubled in popularity recently. The document also discusses how consumers now fall into categories from traditional shoppers to "trailblazers" who use social media and mobile extensively. It argues that for retailers to be successful, they must attract talent that can help deliver a seamless customer experience across all channels and manage the various consumer touchpoints.
The document summarizes key topics from the 2011 Retail's Big Show conference, including shopper-centric retailing, customer experience, mobile shopping, and multichannel retailing. It discusses how retailers and manufacturers must work together to intelligently deliver targeted solutions focused on the shopper, not on the conflict between the two sides. It also provides examples of how retailers like Tesco, Target, and Macy's are taking a more customer-centric approach through better understanding shoppers and developing more relevant promotions and experiences. Finally, it discusses the importance of consumer experience in retail and ways retailers can partner with other companies to enhance that experience.
The challenges of contextual marketing is a report by The Economist Intelligence Unit, sponsored by SAP. It examines the strategic, organisational and creative challenges that arise from the practice of contextual marketing.
This document discusses the impact of technology on the retail industry. It makes three key points:
1. Technology is a major differentiator for retailers, with successful retailers using technology to predict demand, reduce costs, and gain service advantages over competitors. Walmart pioneered logistics technologies like cross-docking and EDI.
2. Today, point-of-sale systems are linked online to headquarters to analyze sales data. Retailers also use customer data warehousing and database marketing to track existing and potential customers' purchases and demographic information.
3. While organized Indian retailers have implemented front-end technologies, establishing back-end information systems is still a work in progress. Technologies will allow retailers to understand
At first glance, Asia-Pacific retailers appear to be in good shape. Business is booming and waves of Asian millennials are entering the workforce, consuming at a rate previously unseen among older, more conservative- minded shoppers.
But take a closer look, and there is cause for concern. Profits are plummeting!
Definition and Scope of Retailing;
Retailing Scenario – Global;
Retailing Scenario-India;
Prospects of Retailing in India;
Trends in Retailing;
Retailing formats;
Retail Strategies.
Characteristics of Retailing, Scope of Retailing, Functions of Retailing, History of Retailing In India, Trends in Retailing, Emerging Trends In Retail, Retailing Formats
Steps involved in developing a retail strategy,
Retailing management unit-1 - IMBA- Osmania University
GradX Article 2013_page 34
1. Love
shopping?
Love
shopping?
Consider a career in retail.
Retail is everywhere, from the malls that dot South Afri-
can cities, to the owner-managed shops in small towns, and
of course on the Internet. While your experience with retail
may not extend much further than chatting with the check-
out lady, there is (obviously) a lot more to it: it is big – very
big – business.
This is reflected in the fact that, according to Statistics South
Africa, consumer spending for 2012 totalled R1.3 trillion and
is forecast to grow by a little over a billion rand for 2013.
Far from just shopkeepers, cashiers and bag-packers, the
large retailers employ a range of graduates as they seek to
maintain competitiveness, achieve profitability (often with
very small margins) and grow their operations across South
Africa and beyond.
Retail offers the opportunity of a highly rewarding career –
all the more so because it isn’t particularly high up on the
‘desire’ list of most graduates. This is confirmed by Leigh
Blochlinger, a director of Retail Relate, which provides train-
ing and coaching solutions for the sector. “Retail is not an
obvious career of choice, although
you can join retail with a wide range
of degrees (BCom, BA, etc). It is sel-
dom a first choice for grads, but is of-
ten the ideal entry point for those stu-
dents who have not got an end goal
in mind.”
Blochlinger adds that those consid-
ering retail as a career have the flex-
ibility once on board to specialise in
a particular area, such as supply chain
or marketing… actually, there’s an
enormous amount of career flexibility.
“There are 67 careers in retail, so there
is a lot of choice. Too often, you think
of a career in HR, you think ‘personnel
agency’; a career in ‘marketing’, you
think ‘advertising company’; ‘finance’,
a bank.” All these careers – and many
more – are aspects of retail. “However,
for many, retail just isn’t seen as sexy
enough. But with a big skills shortage
in this industry, it’s definitely not a bad
career move.”
Sector under
pressure?
Like many sectors of the economy, re-
tail is experiencing challenges.
These include low consum-
er confidence (which reflects
people’s willingness to buy
especially durable goods), rand
weakness, the lingering effects
of the global financial crisis,
and the indebtedness of South
African consumers.
Another threat is that of the rise of on-
line stores (see sidebar). However, that
doesn’t mean the sector isn’t hiring.
Ronnie Mulaudzi, L&D programme
manager at Massmart, says: “As is
normal with any business, some areas
are growing, while others are static.
Recruitment is ongoing in the grow-
ing areas.”
Derek Engelbrecht, a director at Ernst
& Young South Africa, points out that
demand for consumer goods products
may fluctuate – but demand will al-
ways be there.
“When it comes to retail, it’s not just
the South African market that must be
considered, but African markets too.
That’s noteworthy, as it is expected
that 10 years from now, the conven-
tional multinational corporation will
get 50% of its business from emerging
markets. Some may even be headquar-
tered in the emerging markets, and the
demographics in emerging markets fa-
vour profitable growth strategies.”
Donovan Jackson
“There are 67 careers
in retail, so there is a
lot of choice.”
“Remember that
Raymond Ackerman
is an icon in South
Africa and he’s a
retailer.”
– leigh blochlinger
Leigh Blochlinger
from Retail Relate
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120 121
2. Massmart HP
Areas of study:
• Retail Management/Entrepreneurship
• Business Science
• Economics
• Marketing
• Logistics and Supply Chain
• Finance
• IT
Retail careers
of choice!
Founded in 1990 and listed on the JSE Limited, Massmart is a South
African-based globally competitive regional management group, invested in
a portfolio of differentiated, complementary, focused wholesale and retail
formats. These are each reliant on high volumes and operational excellence
as the foundation of price leadership, in the distribution of mainly branded
consumer goods for cash. Massmart is the second-largest distributor
of consumer goods in Africa, the leading retailer of general merchandise,
liquor and home improvement equipment and supplies, and the leading
wholesaler of basic foods. The Group’s brands consist of: Game, Dion
Wired, Makro, Builders Warehouse, Builders Express, Builders Trade Depot,
CBW, Jumbo Cash and Carry, Cambridge Food and the Shield buying group.
Massmart employs over 30 000 permanent and flexi-staff employees.
Applications open: 01 April 2013
Applications close: 30 August 2013
Where to apply: http://www.massmart.co.za
Dedicated for value
The aim of the Massmart Graduate Development Programme is to develop your skills in areas such as:
Buying, Planning, Merchandising, Store Operations and Business Analysis. You could launch your career with
one of South Africa’s leading retail companies. All you need is imagination!
a ‘reverse’ trend is emerging: online
stores are opening real-world outlets,
Engelbrecht notes. Examples include
eBay and a formerly online-only divi-
sion of Gap.
“Real-world stores deliver the ability
to touch and feel goods, to engage
with real live salespeople, discuss
needs and perhaps explore ideas one
might not have while sitting behind a
computer,” says Engelbrecht.
What about price, a touchy subject
in the post-recession world? “The
received wisdom is that online is al-
ways cheaper.” Except that isn’t how
it works.
Engelbrecht says that with billions of
pages and millions of stores, reaching
the target audience and then maintain-
ing its attention is a major challenge.
“That means investing in marketing
and advertising.”
In addition, people are still required
behind the processes: orders don’t
simply go out the door. There are re-
turns, support issues, lost packag-
es and a host of administrative tasks
which are necessary to get a product
from its listing online to the doorstep
of the customer. There is also the cost
of postage and packing that the real
world retailer simply doesn’t have to
concern itself with.
“The unique value that the so-
called ‘bricks and mortar’ enti-
ties add hasn’t changed. What
has is the level of competition
they face.” – Derek Engelbrecht
What you’ll need
Mulaudzi explains what Massmart
looks for in graduate placements:
“The types of qualifications are di-
verse. They include BCom degrees in:
business science, accounting, finance,
business administration. In addition to
these, there is also a requirement for
marketing, retail management, logis-
tics/supply chain, and IT roles.”
His view is backed by Cindie McIn-
tyre, recruitment manager at Mr Price,
who immediately dispels the ‘shop-
per’s perception’ of retail operations.
“The Mr Price Group is not only about
our stores that you see in the malls!
We offer various other careers paths,
which depend on a wide cross-section
of graduate skills.”
Engelbrecht’s comment is significant
because he is confirming the validity
of the expansion plans into Africa of
many of South Africa’s leading retail-
ers. Shoprite Checkers, for example,
has stores in 17 African countries.
Woolworths is operational in several
neighbouring nations, and since 2002,
has operations in Ghana, as does Mr
Price. Pepkor, the company behind
Pep Stores, is on a major expansion
plan in Nigeria. “Encouragingly, from
a growth perspective, retailers are fo-
cusing on expansion into new areas;
converting informal trade into formal
retail; focusing on growth into the rest
of Africa; diversifying into new service
lines; and boosting operational effi-
ciencies,” Engelbrecht adds.
With African consumers in-
creasing in sophistication, with
rising disposable incomes, and
demand for consumer products
ever increasing, he is in effect
saying the future remains very
bright for retailers.
What about online?
Among the potential challenges faced
by retailers is the rise of Internet shop-
ping. Think these retailers will put
conventional ones out of business? En-
gelbrecht says that’s just not the case.
While mega-retailers like Amazon.
com put real-world stores under some
pressure, plenty of room is left over for
good old fashioned retail, he explains.
“However, the pressure on retailers is
intense. They need to understand and
enhance where and how they add val-
ue to stay in the game. And though the
mega-onlines sell just about everything
that was once the sole preserve of the
conventional store – and, with virtual
goods, a lot more besides – there re-
main real-world advantages that cyber
space cannot match,” he says.
That’s made clearer by the fact that
Ronnie Mulaudzi
from Massmart
RETAIL
What’s that again?
Retail is the sale of goods and services from individuals or businesses
to the end-user. Retailers are part of an integrated system called
the supply chain. A retailer purchases goods or products in large
quantities from manufacturers directly or through a wholesaler, and
then sells smaller quantities to the consumer for a profit.
(Source: Wikipedia).
RETAIL
122
3. Mr Price
More than a qualification, you’ll also
need the right sort of personality and
drive to work in the retail environ-
ment, continues Mulaudzi. “A posi-
tive approach is crucial. Also required
is an attitude of continuous learning,
with a curious, challenging and inno-
vative mindset.”
That’s because retail truly is a people
business. “The retail industry requires
the ability to network successfully and
be diplomatic, to get on well with oth-
ers and work with them.”
Mulaudzi says Massmart places a
premium on EQ, or emotional intelli-
gence, which he says can be explained
as the ability to demonstrate high lev-
els of personal mastery and effectively
navigating organisational nuances.
Getting on board
Smart readers will have gathered that
the law of supply and demand means
retail offers a pretty attractive career
choice. However, anything worth
achieving isn’t easy and that applies to
a career in retail, too.
For one thing, Mulaudzi points out,
you’re not going to automatically start
in head office with a massive salary.
“Retail is not like many other
industries that business gradu-
ates will go into. The best way
to succeed is to start at the
bottom, working in stores. You
must be prepared to do this
and get your hands dirty with a
very practical approach.”
– Ronnie Mulaudzi
He notes that this is very different to,
for example, entering an accounting
firm. “There is no getting away from
this part of your career development.
Retail happens in-store, not at head of-
fice. If you want to get somewhere in
this business, you need solid store-lev-
el experience, and understand that
you will work your way up. This re-
quires dedication.”
Graduates who aren’t prepared to get
into the trenches and get stuck in are
not likely to succeed, says Mulaudzi.
McIntyre agrees, saying passion for
retail is a good characteristic to bring
to the party. “If you’re a go-getter with
a positive attitude, enthusiastic with a
zest for life and adaptable to change
in our fast-paced environment, you’re
likely someone who fits into the Mr
Price culture.”
But how do you get in
the door?
Retail Relate’s Blochlinger says you
should try for an internship. “You can
always do a learnership programme
through an organisation like ours,
which provides the in-house experi-
ence,” she notes. This provides that
‘hands-on’ experience that Mulaudzi
has referenced. It isn’t easy: “It is a
year of struggle, but we find that our
graduates tend to be snapped up,”
she notes.
Informal
Standardisation in all things is very
unlikely in any vertical market. When
it comes to recruitment, there are dis-
tinct differences in approach.
While Mr Price doesn’t have
a formal graduate recruitment
programme, McIntyre says this
particular company has two
ways of bringing young talent
into its business.
The first is internships. “These are of-
fered especially in the Merchandise
Buying and Planning areas of the busi-
ness. Students come into the company
for a period of about three weeks. You
are given ‘mini projects’ to complete,
while working alongside actual buyers
and planners. It’s a great opportunity to
Consumer
confidence
Consumer confidence is a
measure of how consumers feel
about the economy. Consumer
confidence in South Africa is at a
nine-year low, prompting FNB to
say in a statement: “The growth in
consumer spending is expected
to be subdued and much less
supportive of economic growth
in 2013.”
SURF
SUN,
& FUN WHILE
YOU WORK
in one of South Africa’s
largest and fastest
growing retailers!
Not only does the Mr Price Group Ltd have nearly
1000 stores across Southern Africa, but we’re
operating internationally as well and growing fast!
clothing, footwear, accessories, sportswear
and homewares, we are constantly striving
to enrich the lives of our customers and
empower the lives of our associates.
Based in Durban, where it’s pretty much
summer all-year round, wouldn’t you like an
opportunity to work in the ever-expanding,
ever-evolving world of fashion, homeware and
sports retail?
It’s where ordinary people are doing
extraordinary things…
Visit www.mrpricegroup.com
RETAIL
124
4. experience what the Mr Price Group is
all about – and if we could one day be
an employer of choice for you.”
The other route into Mr Price is
through trainee vacancies, which
McIntyre says are actual permanent
roles in the business, and which are
offered to graduates fresh out of var-
sity. “The Mr Price Group philosophy
is ‘hire for attitude and train for skill’.
So basically, we recruit graduates who
have a passion for what they have
studied, we offer them a permanent
role in the business, and they then be-
come a fully-fledged employee.”
And formal
By contrast, Massmart’s Mulaudzi says
the group has a more formal approach:
“Very much so. We have a very active
graduate recruitment programme, giv-
ing presentations at over 10 universi-
ties. A big part of this is taking stands
at general career fairs and at more spe-
cific career fairs. We primarily target
the business sciences – business sci-
ence, accounting, finance, IT, supply
chain/logistics and business admin.”
In addition, he says, Massmart has a
fully fledged in-house corporate uni-
versity, with the main programmes in-
cluding leadership and management.
“Recruits are given various learning
and development opportunities over
the course of one year. That includes
a retail theory course, with leading
retail experts doing the lecturing, and
various small projects and written as-
signments. After that, you’re deployed
into business units for the practical ex-
perience and training.”
But while Mr Price doesn’t
have a formal graduate recruit-
ment programme, it most defi-
nitely has an in-house training
capability.
“We have what is known as the Red
Cap Academy – a team of dedicated
learning and development specialists
who strive to provide innovative and
current training to all Mr Price em-
ployees, from store-level to senior-lev-
el,” says McIntyre.
Career paths tend to match these
qualifications and streams, Mulaudzi
says. “There is generally a tight link
between the person’s course of study
and their career path.” And while your
start in retail may not be glamorous,
it most certainly can result in a very
glamorous outcome.
Some of South Africa’s most
respected businesspeople come
from the retail environment,
including the likes of Shoprite
Checkers’ Whitey Basson and
Christo Wiese; Boardmans’
Tom Boardman; and the man
who started Pick n Pay, of
course.
“Remember that Raymond Ackerman
is an icon in South Africa and he’s a re-
tailer. There are many, many opportu-
nities for you if you just think outside
the box,” says Blochlinger. “Talk to the
managers, make yourself available to
assist. The opportunities are there as
long as you are prepared to start at
the bottom and work your way up. My
advice to graduates is don’t wait! The
tragedy today is that many of those I
have interviewed dither, rather than
making it happen. With retail, you
cannot wait.”
More than that, she says, retail is a
great place to start and get experi-
ence, even if it doesn’t end up being a
lifelong career. “You can use the work
experience gained in this environment
in many other fields of work.”
Retail’s big boys
• Massmart (Wal-Mart subsidiary
with brands including Game,
Makro, Builders’ Warehouse
and CBW) – employs 31 000
people, annual turnover of
R61 bn
•Mr Price Group – employs
18 000 people, annual turnover
of R11 bn
• Pick n Pay – employs 42 000
people, annual turnover of
R55 bn
• Shoprite Holdings – employs
100 000 people, annual
turnover of R82 bn
• Spar Group – employs 20 000
people, annual turnover
R38.5 bn
UJ graduate Anita-Joy
Mlonyeni says time in
the front lines is ex-
actly what you’ll ex-
perience in the retail
environment.
“Joining Massmart started with attend-
ing a career day on campus during my
honours year. I applied for an intern-
ship and, after looking at my qualifi-
cations, aptitude and personality tests,
they pretty much hunted me down.”
Her BCom accounts degree, and hon-
ours in financial management, isn’t
the end of Mlonyeni’s studies: she is
working towards her CA.
Joining Massmart has resulted in
things moving quickly. “It started with
six months of retail training, then six
months of work experience. That’s crit-
ical, because you get exposed to a lot
of areas in the business and realise the
operation is very close-knit.”
During the training, Mlonyeni says
your direction is determined depend-
ing on the elements of your personali-
ty and abilities that shine through.
“You might become a buyer
or an administrator. In my
case, the person I trained with
believed I had more of a knack
for buyer – so that’s what I
am today, a junior buyer for
Makro.” – Anita-Joy Mlonyeni
In this role, Mlonyeni says she de-
cides what customers want to buy and
sources the goods from suppliers.
Although she has only been with the
company for just over a year – and
having completed her training just two
months ago – she says it already feels
like she is making a difference.
“My role is national, and while I re-
port to and work with a senior buyer, I
make decisions that have an impact.”
“While retail isn’t really something
many people think about in varsi-
ty and it isn’t glamorous, it’s a great
choice for me. Already I can see that
there are lots of opportunities.”
retail
therapy
retail
therapy
Anita-Joy Mlonyeni
COMPANY LISTING
• Massmart
www.massmart.co.za
• Pick n Pay www.picknpay.co.za
• Mr Price
www.mrpricegroup.com
• Shoprite Holdings
www.shopriteholdings.co.za
• Spar Group www.spar.co.za
• Woolworths
www.woolworths.co.za
• Clicks www.clicks.co.za
GRAD@WORK
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