There are two main theories of retailing described in the document: cyclical theories and evolutionary theories. Cyclical theories include the wheel of retailing theory and accordion theory, which propose that retail formats cycle between different stages. Evolutionary theories include the dialectic process theory and natural selection theory, which propose that retail formats evolve and adapt through competition and environmental changes, with the formats best able to adapt being most likely to survive. The document also describes the retail life cycle theory, in which retail organizations pass through stages of innovation, growth, maturity, and decline.
Retail Sore, Store management, Responsibilities of store manager, Store objectives, Store design, Principles of store design, Layout, Types of layout, Signage, Feature Areas
Theories of retailing, theories of retail development,
Retail Life Cycle, Environmental Theory, Cyclical Theory - Wheel of retailing, phases of retail development, Accordion theory
Retail Image refers to how a retailer is perceived by customers and others.To succeed, a retailer must communicate a distinctive, clear, and consistent image.
Retail Management Notes, Basics of Retail Management, Classification of Retailers, Types of Retailers, Scope of Retailing, Functions of Retailers, Role of Retailers in Distribution Channel, Indian retailscape, organized and Unorganized Retailers,
Retail Sore, Store management, Responsibilities of store manager, Store objectives, Store design, Principles of store design, Layout, Types of layout, Signage, Feature Areas
Theories of retailing, theories of retail development,
Retail Life Cycle, Environmental Theory, Cyclical Theory - Wheel of retailing, phases of retail development, Accordion theory
Retail Image refers to how a retailer is perceived by customers and others.To succeed, a retailer must communicate a distinctive, clear, and consistent image.
Retail Management Notes, Basics of Retail Management, Classification of Retailers, Types of Retailers, Scope of Retailing, Functions of Retailers, Role of Retailers in Distribution Channel, Indian retailscape, organized and Unorganized Retailers,
Unpacking Competitive Bidding Methods white paperKate Vitasek
Everyday hundreds of organizations conduct competitive bids to pick the best supplier to meet
their needs. Unfortunately, too many organizations are using the wrong tools for the wrong job –
often resulting in selecting the wrong supplier or developing a contract that is misaligned with the
organization’s objectives. Simply put, using the wrong competitive bidding method is like putting a
square peg in a round hole. Forcing it to fit is myopic and inefficient.
Wholesaling and its importance, Types of Wholesalers - Merchant Wholesalers, Agents and Brokers, Manufacturer’s Wholesalers, Strategic Issues in Wholesaling - Target Market Decisions, Marketing Mix Decisions Trends Shaping Wholesale Distribution - Functional Overlap, Increased Services, Pricing and Credit,, Regional Coverage Organizational Form and Size, Impact of Information Technology on Wholesaling - Challenges in Wholesaling -Inventory Management, Sales Management, Promotion Management, Financial Planning and Management - Retailing and its Importance - Importance to Consumers, Source of Employment - Evolution of Retailing and types of retailing
5. Cyclical Theories
Accordion Theory
Evolution of retail institutions from general, broad-
based outlets with wide assortments, to narrow-
based institutions carrying specialised assortments,
and back to general, broad-based assortments.
Synonymous with general-specific-general theory.
6. Evolutionary Theories
Dialectic Process
Retailers mutually adapt in the face of competition
from “opposites”.
When challenged by a competitor with a differential
advantage, the established retailer will adopt
strategies and tactics in the direction of that
advantage (making the innovator less attractive)
8. Evolutionary Theories
Natural Selection
Retailing institutions that can most effectively adapt
to environmental changes are the ones most likely to
prosper or survive.
Environmental need for a certain kind of retailing
institution it will evolve→
Need ceases to exist the institution will tend to→
disappear
Institutions that most effectively adapt to
environmental changes are most likely to survive
9. Retail Life Cycle
Retail organizations pass through identifiable stages of
innovation, development, maturity and decline.
Stages of Retail Life Cycle:
Innovation
Accelerated Growth
Maturity
Decline
10. Innovation
Differentiated services, product and format.
Few competitors
Rapid growth
Moderate profit
Accelerated Growth
Increase in sales
Emergence of competitors
Organization try to attain leadership
Higher investment
Cost pressure
11. Maturity
Increased competition
Decrease in growth rate
Repositioning: strategy, format & merchandise mix
Decline
Loses Competitive edge
Negative rate of growth
Profitability decline
Cost run higher