What is the purpose of retail management?

A retail manager’s role is to run a store successfully. Working on the shop floor, they are in constant contact with their customers and staff. They are responsible for ensuring their staff give great customer service as well as monitoring the financial performance of the store.

What is retail management Slideshare?

RetailManagement. What is Retail Management? Retailing encompasses the business activities involved in selling goods & services to consumers for their personal, family, or household use. It includes every sale to the final consumer – ranging from cars to apparel to meals at restaurants to movie tickets.

What is retail management Wikipedia?

Retail is the process of selling consumer goods or services to customers through multiple channels of distribution to earn a profit. Retailers satisfy demand identified through a supply chain.

What you mean by retail management?

The various processes which help the customers to procure the desired merchandise from the retail stores for their end use refer to retail management. Retail management includes all the steps required to bring the customers into the store and fulfill their buying needs.

What are types of retail?

Types of Retail Stores

• Department Stores. This type of retail outlet is one of the most complex types of establishments that offer a wide range of products.
• Specialty Stores.
• Supermarkets.
• Convenience Stores.
• Discount Stores.
• Hypermarkets or Super Stores.

What is retail management and example?

Retail management is the process of making the customer procure the things from the shop of their likings. This process helps the customers to guide to the retail shop and made them buy their required merchandise. Retail management makes the shopping experience of the customers, a pleasurable one.

What do you mean by retail?

Retailing, the selling of merchandise and certain services to consumers. It ordinarily involves the selling of individual units or small lots to large numbers of customers by a business set up for that specific purpose.

How can retailers be classified?

There are four common ways that retailers can be classified: number of outlets, margin versus turnover, location and size.