7. Space
Management
–we should
follow
While allocating the space to various products, the managers
need to consider the following points −
Product Category −
• Profit builders − High profit margins-low sales
products. Allocate quality space rather than quantity.
• Star performers − Products exceeding sales and profit
margins. Allocate large amount of quality space.
• Space wasters − Low sales-low profit margins
products. Put them at the top or bottom of shelves.
• Traffic builders − High sales-low profit margins
products. These products need to be displayed close to
impulse products.
• Size, shape, and weight of the product.
• Product adjacencies − It means which products can coexist
on display?
• Product life on the shelf.
16. Retail advertising and promotions
Print ads, TV commercials, social media,
Offers and
discounts
online ads Infrastructure Create events etc
to reach their
target audience
and encourage
them to purchase.
20. UNIT V RETAIL SHOPPER
BEHAVIOUR
Understanding of Retail shopper behavior –
Shopper Profile Analysis – Shopping Decision
Process - Factors influencing retail shopper
behavior – Complaints Management - Retail sales
force Management – Challenges in Retailing in
India.
28. Challenges and opportunities in Retailing in India.
Lack of Technology Adoption.
Lack of Infrastructure and Logistics. ...
Scarcity of Skilled Workforce. ...
Frauds in Retail. ...
Inefficient Supply Chain Management. ...
Price War. ...
Cultural Diversity. ...
Complexity in Tax Structure.