Month: August 2018

Every business unit needs to keep a track over the costs and the revenues generated over a period of time. There is every possibility of a mismatch between the two. Key performance indicators form the basis for determining the performance of any organization. The indicators are sales volume, price management, price optimization and others. These figures help the business units in increasing their sales and profits and in determining the market trends. A retail dashboard summarizes all the data in a top level snapshot. It displays the revenues received in different intervals of time as to have clear distinction of the revenue generated in a specific state in each month.

The laser focused dashboards shows the key performance indicators of every type of business models. Within a dashboard, the KPI (Key Performance Indicators) charts are different for every kind of enterprise. There is large volume of POS data and the dashboards offer retail data solutions by displaying all the KPI. In this competitive world, the retail dashboards have become an integral part of every organization. The owners cannot wait for the data to take crucial decisions. The multiple levels of data are very effective in boosting up the level of sales. The dashboards help in promotional planning, inventory management, and merchandise tracking.

eSENSE Retail make use of the latest technology and offers retail data solutions to the business firms both small and large. The eSENSE Retail solution is a web based application and it integrates various data points into the customized dashboards. Their retail dashboards help in identifying the areas which require action or follow up as to have increase in revenue. eSENSE Retail was established by a team of experts in the field of category management. They have been working with manufacturers distributing retail management tools, products and services to the retail community from many years. Get this opportunity and boost the ROI and have high sales volumes. For more details about their excellent services, please browse through www.esenseretail.com.

Having an online store as well as a physical store has been beneficial to many businesses and suppliers; customers and retailers are able to easily browse a wider selection of goods that might not be offered in a local brick-and-mortar store. In effect, sales have increased; as much as 46% of retailers buy more from brands and wholesalers that sell online.

Not only is shopping online easier, but the search capabilities that sites – and search engines – have to offer reduces the time spent trying to find the specific merchandise or goods needed. Customers and retailers can then compare suppliers to figure out pricing, shipping, and selection; they can make the proper choice to fit their specific business needs to maximize profits. In addition, retailers and customers do not have to visit the brand’s distribution center in person, which saves time and money if they are located on the other side of the country. Plus, retailers and suppliers are able to reach a wider audience by having an online store and the capability to ship across country.

Another thing that makes retail integrated e-commerce important is the information that can be generated and how it can affect the amount of stock kept on hand. By comparing the sales of the virtual store to the sales in store, then retailers can determine how much of a product needs to be stocked on location. Increased online orders can lead to additional sales in the brick-and-mortar stores, due to increased stock availability. Plus, online orders that turn into in-store pick-ups can boost traffic to the physical establishment. Retailers are able to better track demand by watching the trends of their sales and comparing them, as well as better utilizing their inventory space while increasing the inventory turnover rate; businesses can run more efficiently.

Retail integrated e-commerce allows brands and retailers to transfer sales seamlessly. All data and records on sales are automatically saved to the databases, so businesses can derive detailed information quickly, leading to better business decisions. For businesses starting out and researching a retail integrated e-commerce solution, a company like Infigra e-commerce can help by providing the expertise and the online platform you need to buy and sell quickly and easily.

Hamleys- one of worlds largest toy stores- is set to storm Indian market under its tie-up with one of Indias largest retail brands- Reliance Retail.

A lucrative subsidiary of Mukesh Ambani owned Reliance Industries Limited (RIL), Reliance Retail is a strong arm extension of this private major. Currently, it operates in 1,000 stores in more than 85 cities across the country.

Under its tie-up with the UK based toy store, Reliance Retail launched the first Hamleys toy store in Asia in the city of Mumbai in April 2010. Reliance Retail President and Chief Executive Officer Bijou Kurien reported that, Our first store in Mumbai which is spread across 21,000 square foot has got a very good response. It was a pilot store. Now this is a large store. With this we have plan to open 18 stores in India over the next seven years.

Hamleys as a brand is a very strong and reputable. The flagship store is considered one of London’s major tourist attractions, and receives about five million visitors a year. The USP of such a mammoth like establishment lies in its superior range of products, variety and quality.

As far as Indian toy market is considered, it is presently valued at Rs. 15,000 crore, growing annually by almost 15%. Fueled by a vast domestic market, the industry has now turned its attention to global markets and is fast gearing up to meet international demands.

In an effort to realize this expectation, Reliance Retail has joined forces with one of worlds top toy marketers as a part of expanding its footprint. The new stores in India will be launched under Pilot Store-Large store category, spread across 11,000 to 21,000 square feet of space.
Hamleys Global CEO Gudjon Reynisson said that the company holds all local partnerships for merchandising their toys in any country where dearly. And an opportunity to spread out alongside Indias largest retail brand is an added incentive.

While Reliance Retail will guide the process through their extensive knowledge of domestic market, cultural diversities and distribution network, Hamleys will provide the merchandises and also give creative direction to the whole course of action.

When designing an ecommerce website, one can take a lot of good lessons from a well oiled brick and mortar operation. ATAK Interactive is a well known Los Angeles web design company who offers 10 lessons from a brick and mortar model that one can apply to their website plan.

1. Add Security and Show its There: Think about walking into a store. Right away one sees credit card icons on the front door and a well dressed security officer at the door greeting customers. Security not only keeps users from stealing, but security also helps users feel safe and protected. Make sure you show your users that the site is secure. Because you sell products, make sure your website has a SSL which is encryption for your website. Once this is done, show the icon provided by the SSL Company on the home page to show users it is there. Users want to see two things, the logos for all website security measures, as well as the little lock icon in your web browser that confirms the site is secure. Look professional and secure, it goes a long way.

2. Make Your Website Easy for Users to Navigate: Just like physical retail or wholesale store, users need to find what they want quickly. Properly named and described aisles and good shelving display can directly correlate to online store. Dont make users watch a video or walk down isle to isle before they can figure out how they can get to where they want to be. Dont make them sign up for the store card to purchase anything, and offer multiple ways to get to the same place. Keep it simple and easy for young or old users to find info and purchase.

3. Add familiar logos, BBB, and other Organizations that Show Credibility: When going to a restaurant for the first time, most look for the health rating sign on the window, or a Michelin star plaque on the wall. They want to know how the experts have rated the service. Well, your web site users want the same thing. If you are affiliated or recommended by credible organizations, make sure users can see and acknowledge. Users will feel safer on your website if they know reliable affiliates recommend you. Testimonials are also a good way of building confidence from your prospective users.

4. Offer All Payment Options: As a shopper sometimes I have cash, sometimes a credit card, sometimes a gift card, and sometimes check or debit card. Sometimes I have my AMEX and sometimes a VISA. Most stores let the shopper spend any way he or she wants, and if they dont accept what customers have their pockets customers leave. Do the same on your website. Also, heavily consider using PayPal and Google Checkout too. Let people pay how they want.

5. Show Your Products in their Best Light: Make sure, just like in your brick and mortar, that your ecommerce website product photos make your product look as appealing and enticing as possible. This is your chance at making an impression. Think about how much time and effort a simple cereal company puts into their packaging. On a website you need to do the same with your product shots. Show the fine details of your products and show alternative views. If the product is a shirt, show it with a person wearing it and show how it will look with pants and then sell the pants as well.

6. Expanded Store Hours Increase Chances for Sales: This lesson is obvious, but with an ecommerce store, your business never fully closes down. Sure, customer service may not be available for parts of the day, for example if you do not want to pay for agents at 2 in the morning, but users can still place orders, look for info, price match, and more.

7. Ecommerce Website Stores Need Policies Too: Every store has rules, policies, and procedures. Make sure all are clearly displayed on your website so customers are not hit with unexpected fees, return issues, and more. Make a customer service section for your ecommerce website and make sure users can clearly find all common answers to questions.

8. Consider all of your customers. If you didnt know, some of your biggest customers are the Search Engines! Make sure that all users can get to sections they need, easily, without need to fuss. For search engines, make sure they can find you. Like a normal customer, search engines need directions to your store. Ecommerce websites require special search engine optimization practices, especially if the website store is in a moderately to highly competitive marketplace.

9. Store Name, Location, and Contact Information are All Important: Customers do not want to guess where your store is or try to remember how to spell your store name to try to find it in the first place in a directory. Make your URL something people will remember. Also, if you are a company that sells wood, try putting “wood” in your URL like AndersonWood.com or something along those lines.

Also, on the web, you must show you actually exist and users can and will be able to get in touch with customer service when they need to. Try to include contact info on every page of the site, like at the top in your header for example. Also provide alternative methods of contact such as contact forms and links to social networking sites you have profiles at. Customers need to know they can contact you if something goes wrong or they do not receive their purchase.

10. Make Checkout Fast. Physical retail stores learned that people like to check out fast, and some retailers even let users check out by themselves if the idea is sensible. Your local supermarket is a great example of online checkout taken to the retail level with the institution of self checkout lanes to skip the line. Users dont like to wait in line forever. Get them in, get them out, make sure they come back because they are happy. Good ecommerce websites should have one page checkout and easy customer account creation. Users should not have any chance to back out of pages because they do not know where they are or they are dissatisfied with the checkout process.

11. BONUS! Include Testimonials: Written testimonials with pictures are very good for your site and sales conversions. Add audio and you look even better. Testimonials are more believable if there is a name and place associated with the actual text.

If you are planning to start ecommerce website design, think about a physical location that is successful. Also take the time to look at e-commerce stores that have a successful model. Next time you shop on line take some time to notice what it is about certain ecommerce websites you shop at that make you feel safe and secure when purchasing from them. Then, apply those lessons to your own website. Last, think about your website as your customers will experience it. Do whatever you need to do to help them feel confident about shopping with your business online.

Thus, the seller of women’s shoes and handbags, customers benefit and offers affordable products. It is much more fun to go right to decide to buy bags and shoes for the modern. Handbags are just as popular as women’s footwear. So it is not surprising that even a shoe store carries handbags. Because women not only buy their shoes, but buy the perfect bag for it. Finally, the handbags are also attached to the sandals or sneakers. Women’s place enormous value on the handbags match the entire outfit you’re worth.

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Even in this economical crisis a woman cant stops to purchase thedesigner handbags and spend a lot of money on them. Spending this money according to them is very important to make their status in the community. Designer Cheap HandBag are very costly but the women keep purchasing them one by one for every type of event. However the truth is also the same that designer Coach Handbags really deserve such prices. The love of women never let down the purchase of designer bags.

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