Month: October 2018

Product censorship and the impact on retail brands

Now more than ever there is a focus on what products and services should and should not be advertised to the masses. On a daily basis we are bombarded by thousands of promotional messages, brand names and strap lines that on a subconscious level can shape our buying patterns and brand associations from birth. The young are a key demographic many advertisers target as they after all will be the future and if a child has a positive brand association at a young age it is likely to remain positive throughout the rest of their lives.

With this in mind, the government have been placing restrictions on the types of advertising that can be seen on TV and in stores that can affect not only the young, but the entire population. For example, in a bid to reduce obesity rates in the country, fast food advertising has been banned from television during prime time hours that would likely be seen by the hundreds of thousands of young children throughout the UK.

However, not only has the fast food industry been hit, but cigarette advertisements in print mediums were banned as long ago as 2005 and with talks of cigarette displays being banned in stores across the country, the tobacco industry has perhaps just received another nail in the coffin – the biggest since the rise in the legal age for smoking back in October 2007.

The alcohol industry has also been hit hard with recent calls for a complete ban on the advertising of alcoholic drinks on the TV in order to help curb the sharp rise in binge drinking. In a bid to remain ethical and become more socially responsible for the products they sell, the UK’s leading suppliers of alcoholic drinks have teamed up with the government and the Portman group to promote responsible drinking with a mixture of shocking -don’t do drunk- and -drink responsibly- campaigns across the cinema and television mediums.

Although these industries have been hit hard by these regulations, like any good business, they are adapting and changing by using other channels to advertise through. The likes of McDonalds have advertised heavily online within recent years by promoting a healthier menu and their own nutrition drive, which informs customers about the nutritional value of their food; countering the criticism from various obesity groups and one of their biggest opponents, the British Heart Foundation. This drive has proved successful for the fast food chain, as advertising of their healthier snack range on the -Kids Zone- of their website has gone down well with parents and health activists alike.

With tobacco products being placed below the shop counters, the traditional wall mounted shop fittings behind the kiosks will be no more and a more portable display will need to be introduced that can be brought out from below the counter, allowing staff easy access to the products on sale. Several companies have already addressed the requirement for alternative shop fittings and storage solutions in order to help retailers make the transition. However, although shops have been affected, international online tobacco stores may see a rise in demand as the industry develops more of an online presence to make up for any potential lost sales through retailers.

Although measures have been taken to help promote healthier brand associations for the next generation of spenders, there will always be something out there that needs censorship. Advertisement censorship can dramatically impact on certain industries, but as long as businesses can adapt and be imaginative with their point of sale material and target customers through new and emerging channels, they will be able to combat these challenges.

Daniel Collins writes on a number of topics on behalf of a digital marketing agency and a variety of clients. As such, this article is to be considered a professional piece with business interests in mind.

Raise Profits In Store Through Retail POS System

In this article we will go over three special benefits of retail point of sale solution, or retail POS solution, including retail POS software plus the retail POS system, above the customary cash register equipment. These benefits are: Immediate feed back regarding sales and costs, Theft minimization and Sales incentives. Ebay suggests to install this kind of retail POS software whenever your total annual gross sales meet or exceed $500,000. However, I will give you a totally different advice: Check these following points and then carry out the math. If you find that your working retail POS solution can so much more than cover itself in a short time, you might want to put in a retail POS system.

Immediate tendency prediction

With many modern day retail POSs you’ll have access immediately to product sales and expenditure information from your shops during the business hours. You are able to gather pertinent developments as of types of products being purchased at any given time of working day. You can now notice trends as they show up. This could result in a extremely effective bump to your bottom line profits. Simply by using a retail POS system, the information you have will be exactly where you really need it for your calculations as well as for trends spotting, right away.

Shrinkage reduction

As shrinkage is one of the key costs in many reseller companies, the modern retail POS solutions are generally aimed toward preventing theft. Suppose you’ve got a individual who you actually suspect of stealing some money from your cash register. Having a strong retail POS, it’ll be easy to correlate that individual or individuals time-table with all the minute-to-minute product sales details. Combined with the mounted security camera information, a modern retail POS system will be a major theft prevention.

Employ sales incentives

Discounts incentives are easily put in place with a modern day retail POS system. Both setting up the discount campaigns and redeeming consumer discount coupons is easy. This will help supercharge sales. As for the sales staff performance, their own sales figures can be tracked through a retail POS software, and a commission structure and payouts can be posted daily. This information will certainly help increase product sales through clear as well as timely incentives.

India E-retail (e-tailing) Market, Companies Revenue Analysis & Forecast To 2015

If online travel and classifieds were the star performers of the last decade, e-retailing seems to be hogging the limelight this time around. India is rapidly emerging as a rewarding market for many e-retailing companies; who are currently present in the market with any one of the three forms (Non-warehouse, Warehouse and Hybrid) models. The broadband and mobile penetration, 3G rollout, cash on delivery, internet banking has led to rise in online transactions by 18.2% for the year 2011 compared to 2010. Indian e-retail market is also expected to be more than INR 10,000 Crore by 2015.

In our analysis we found that Computer peripherals, Camera & Mobile and Life Style segments are expected hold 1st, 2nd and 3rd positions respectively for 2011. Together they account for more than 70% of total market share in 2011. But by the end of 2015 Camera and Mobile is expected to take the top slot pushing computer peripheral to third position. In companies analysis segment Flipkart is the undisputed leader for the year 2011. Flipkart generated 4 times more revenue than its nearest competitor Yebhi in 2011. However according to our research findings scenario is likely to change in 2012 as Myntra is expected to take the second position leaving Yebhi to third position. For the year 2014 Flipkart and Myntra together is expected to hold more than 50% market share.

In any retail business, some products are returned from the point of consumption. Therefore, the challenge is to set up infrastructure and procedures for reverse logistics. The e-tailors need to have an understandable product return policy on the Web. This report provides a clear picture about the e-retailing scenario in India and its various issues like: Types of business model in Indian e-retail, key companies funding and revenue forecast, driving forces for e-retail, challenges in the e-retail.

Renub Research report entitled India E-Retail (E-Tailing) Market, Companies Revenue Analysis & Forecast to 2015 provides a comprehensive assessment of the fast-evolving, high-growth e-retail space. We recommend this report as must-read insight for e-retailing stakeholders.

The report covers the following points

E-Retail business model in India
India e-retail users transacting online growth forecast from (2010 to 2015)
Studied growth forecasts and India e-retail market sizing from (2009 to 2015)
Key players revenue analysis, forecast and funding trends of: Flipkart, Letsbuy, Myntra, HomeShop18, Yebhi, Snapdeal and Naptol from (2010 2014)
Market analysis and forecast for segments: Camera & Mobile, Computer Peripherals, Electronic gadgets, Life style, Books amd Home & kitchen Appliances (2009 2015)
Researched the drivers and challenges for the e-retail industry in India

Key Players Analysis

This section covers the key facts about the major companies that play an important role in India E-Retail Market. The companies analyzed in this section are as follows: Flipkart, Letsbuy, Myntra, HomeShop18, Yebhi, Snapdeal and Naptol. All the companies have been analyzed from two headings

1) Companies Revenue Analysis & Forecast
2) Companies Funding Sources form different private equity venture funds

Data Sources

This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by Renub Research team of industry experts.

Primary sources include industry surveys and telephone interviews with industry experts.

Secondary sources information and data has been collected from various printable and non-printable sources like search engines, News websites, Government Websites, Trade Journals, White papers, Government Agencies, Magazines, Newspapers, Trade associations, Books, Industry Portals, Industry Associations and access to more than 100 paid databases.

Click here to view the report details: http://renub.com/reports/showdetails.aspx?id=65

For more information visit: http://www.renub.com/

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The Impact Of Pricing Strategy On Retail

Employing the right pricing strategy at the right time is essential for any successful retail business. Nevertheless, not all retailers can afford to practice various pricing strategies for their businesses, because a professional approach to pricing is usually a demanding process in terms of costs and time.

Of the four elements (price, production, promotion and placement) blended in the marketing mix to successfully promote your business, pricing is the only one that generates revenues. Marketing specialists view pricing as a complex process that depends on manufacturing costs, market place, competition, market conditions and quality of your products.

Over 25 pricing objectives, like maximizing the long-run/ short-run profit, or increasing the volume of sales/ monetary sales, are used to define a customized pricing process. Also, professional pricing is far from resorting to one strategy only. Over 20 pricing strategies like competition-based pricing, market-oriented pricing or cost-plus pricing, are employed. And prices are calculated following different formulas to relate the factors that pricing depends upon.

But retailers who cannot afford to hire specialists in pricing often go for one simple or popular pricing strategy and use it extensively. The typical example is that of cost-plus pricing, which is preferred because of the little previous information and little calculation it implies. As information related to demand is time consuming and expensive to obtain, this pricing method is cheap. But consumers and competitors simply dont appear in this formula. Unfortunately, except for public utilities, this formula fits very few types of products.

Based on this imbalanced situation, the gap between professional (and flexible) marketing and online retail businesses, of which many are running on significantly lower budgets than their real-life counterparts, should have been even larger. To make things worse, some of the simpler pricing strategies that function in real life are less effective online. But the virtual environment has recently produced its own answer to this problem, in the form of marketing intelligence software, which is aimed at filling this gap entirely.

Marketing intelligence software is aimed at maximizing your competitive advantage. It goes way beyond picking the right pricing strategy. It performs automated price comparison for thousands of your products against hundreds of your competitors in several minutes. It can perform the automatic pricing for hundreds of thousands of products. And while at it, the software applies dynamic business optimization to protect your competitive position and margin. This way, your online retail store is fully equipped to face the world of trade today.

Retail POS , POS , POS software , Retail pos software

Pathfinder offers a range of software products and Retail Point of Sale software solutions which integrate a wide spectrum of customer requirements, streamlining business functions and increase organizational efficiency with a definite mark of quality with a ROI assurance. Pathfinder is a leading retail software solutions provider in India, APAC Regions & Middle East and provides end to end solutions for retail automation, retail sales and inventory management, products management and planning.

Pathfinder has a dedicated pool of IT professionals equipped with strong knowledge, rich experience and sound logic. This blend comes from diverse backgrounds, education in leading technical institutes, and track records from associations with leading IT companies. It is our strong conviction that every business Firm or Organization, irrespective of its size, has some common needs and some needs that are absolutely specific. Our team takes an approach based on these needs and adopts relevant strategies. We are an organization driving a huge clientele on a committed path of delivering quality products and a range of software solutions with core competencies in Retail Management, Point of Sale, Bar code Automation, Mobility solutions on PD_A / Hand Held Terminals, Enterprise Solutions and web services. We have a global and phenomenal presence in India, USA, Singapore, Malaysia, Qatar, and Srilanka spreading ever & across with more than 500 corporations as our business milestones.

XtreMe eSmartStore has intrinsic flexibility to suit multiple, diverse business models :

XtreMe e-Smart Store Point of Sale boasts speed, ease of use, reliability and an extensive range of powerful features designed for an array of diverse retail verticals ensuring your business is operational at all times. XtreMe eSmartStore Point of Sale and retail management tools ensure that you serve your customers effectively whilst maintaining tight control over business processes, performance and generates immediate cost savings. XtreMe eSmartStore provides your workforce with the necessary gears at the Point of Sale to deliver unmatched customer service. Processes are streamlined to eliminate confusion, decrease the time required for staff training and create a more efficient way of working. Features Easy to use application interface and configurable sales screen Fast multi-mode product look up feature (EAN

UPC

PLC / SKU) Support for split tenders – cash, card, cheque or voucher for a single transaction Support for multiple currencies configuration Support for custom bill id Support for Price over-ride Support for Deposit collection and utilization Manage Line item and overall discounts On-Screen alert of promotional items Suspend billing and resume Support to generate cost estimates at the till Support for Home Delivery, Rate based & Non Inventory sales Support for on-account sales Manage exchanges & returns On-Screen excess cash alert Alerts on exceptional transactions On-Screen shift settlement with denominations On-Screen verification for high value items Support for customer registration at the till Robust customer search options and customer history Issue and redemption of gift vouchers /credit notes Support for Warranty Tracking Manage salesman shifts & commissions Automated data collection from weighing scale Touch screen, Bar code scanning, Receipt Printer & POS keyboard support Cash drawer support (pops drawer automatically) Pole display support (displays purchase information to the customer) Supports portable hand-held terminals for Q busting Supports Shop in Shop formats On-screen help options Maintain real-time, inventory control for your stores with XtreMe eSmartStore: XtreMe eSmartStore inventory module comprises of a detailed management features including Product and Pricing Control, Stock Control, Staff Management, Point of Sale Configuration, Loyalty Rewards, Accounts, Audit Control and a comprehensive set of Reports and Analysis Tools. All information can be accessed in real-time both onsite and remotely over the web, so that business decisions can be based on precise timely information Features Easy to use, Windows-based management screens Create and manage products, departments and categories Support for 09 levels of SKU categorization Create & Manage custom unit descriptions Supports Auto-generated / custom product codes Ability to maintain multiple vendor / EAN codes Auto indenting based on MBQ, ROL & Lead Time GRN & Delivery Authorization Set product shelf life and expiry Tag products to a BIN location Derive selling prices based on MRP / cost price Price Mark up / Mark down Set multiple pricing levels Bar code generation and printing – all popular bar-code types supported Add unique codes for products without bar-codes Multiple barcodes per product code allowing for differing pack sizes Monitor and updates stock levels automatically in real time Track inventory by category classification, department and product bar code Apply promotions, including individual product discounts, fixed price, quantity discounts and product bundling Seasons, Schemes, Promotions, Mix and Match Manage packet sales Grouping and UN-grouping of products Stock Adjustments Transfers between warehouse and retail stores Material Resource Planning Ticket printing for shelf edges tickets or product bar codes Supports portable hand-held terminals for inventory counting and order entry One of our main strengths is our in-house retail expertise and support, which is second to none. The immense depth of XtreMe Retail Solutions coupled with its use of retail logic makes it an ideal choice for any specialist retail business, regardless of size. Whether you are a single shop or represent a large retail organization with nationwide branches, XtreMe Retail Solutions is the answer for your needs. Retailer Sales Reporting XtreMe Imperial – Retailer sales reporting, a centralized reporting system for a malls POS data. It provides access to detailed, consolidated reporting of all retailers. We collect your data, and deliver it through reports that are customized to meet your needs. XtreMe Imperil Retailer Sales Reporting allows you to Manage master information of all retailers Web based daily / optional intranet* reporting of POS data Accurate sales information from retailers. No Misreporting Analytical Information of brand & category performance Average spend size with daily trends MIS to strategist and implement Mall promotions How it works: It all starts with the client software running on each location’s POS server. This client is a small application that is set up to execute using Windows Scheduler. This gives you full control over how frequently the data is sent to the server. Once the data is loaded to the server, using secure FTP over a broadband internet connection, it is loaded in to a MS SQL database. Once there, it is available for reporting using an interface that is simple and easy to navigate. XtreMe Retail POS XtreMe eSmartStore Boutiques Gift Stores Apparel & Footwear Supermarket / Hypermarket Furniture XtreMe Foodie Fine Dining Kiosks & Takeaways XtreMe Axis Food Court XtreMe Bloom Wellness Centers Salon & SPA Our solutions help organizations operate with greater efficiency, integrating and managing business to streamline costs, boost sales and deliver the optimum buying experience to their customers. Can we help support your operations? Why not contact us today to discuss your requirements. To know more about our Point of Sale, email us or call us on +91 44 4394 6666. www.pftec.com