Month: November 2018

Retail and wholesale buyers are involved in the process of buying commodities or items. A significant difference between the two parties relates to the end point where the goods are traded.

Retail Buying

Retail buying relates to obtaining stock for local stores. This is sold direct to the end consumer. Retailers are likely to get involved with negotiating prices with suppliers, tracking inventory and market research. It is crucial to continue to conduct the market research to make sure the latest fashions or trends are available to buy. Because the retailers are the smallest entity on the supply chain, they are certain to buy supplies in smaller quantities compared to the wholesaler.

Since the prices can vary with the many wholesalers, it is crucial for the retailer to shop around to attract the most competitive prices. By getting the best price in the marketplace, a retailer is in a better place to make the desired profit on the prices marked up in store.

Wholesale Buying

Wholesalers purchase stock in greater volume. This stock is made available to the businesses or retail establishments. Since the wholesaler is able to get supplies in such high volume, they are able to offer the merchandise to retailers with a decent profit margin. Wholesalers obtain the supplies direct from the major manufacturers or distributors. A wholesale company purchases in bulk and offers the goods in smaller volumes to many retailers.

Pricing Options

Even though retail and wholesale buying can share certain similarities, the amount paid for the merchandise is certain to vary. A retailer is quoted a higher price to source the supplies to market direct to the end consumer because the wholesaler is able to buy in higher quantities. By purchasing in bulk, the wholesaler is often able get competitive pricing or discounts from the manufacturer or distributor.

Quantity of Stock

The buying aim of the wholesaler is to buy inventory at such high volume that they are able to get low or discounted prices. This still lets them make a profit after trading with the businesses or retail establishments. Retail buying power is smaller. A retail store selling direct to the end consumer is able to buy in smaller volume to match the size and reach of the particular business. Retailers are still able to get the attractive prices, which enables them to make a profit when making the merchandise available to the consumer.

The Internet has redefined many facets of our lives, including the way we shop. The in-store retail shopping is plummeting as online shopping is woven deeper into the fabric of our lives. This has increased the pressure on retail store owners to lay emphasis on the retail interior design like never before. The only difference between the in-store shopping and online shopping is the shopping experience that a retail store is able to provide. Hence, creating an unforgettable shopping experience through impressive retail interiors has become the central objective of majority of retail owners. The following are the key aspects to be considered when designing a retail store:

1) Layout:

The layout plays a vital role in influencing customers’ behaviour and boosting the sales revenue. The more the products customers are exposed to, the more is the tendency of purchase. Hence, the store layout should be designed properly whilst keeping in mind the flow of traffic, products’ placement and the ambiance. Smooth and easy navigation will encourage customers to take their time and make a purchase, thus ensuring a longer stay. Proper signage would help customers locate the merchandise easily whilst making their shopping experience hassle-free. The success of the retail store highly depends on the effectiveness of its layout design.

2) Lighting:

Lighting creates the atmosphere for the store and also has tremendous impact on the perception of space. A well-lit retail store makes products look desirable and stimulates demand. As a result, getting the store’s lighting right is absolutely crucial. Lighting depends on the type of business and products that are sold. Some require harsh lighting whereas others require softer ones. It should be functional as well as aesthetic.

3) Colour:

Colour has the power to evoke emotions and create mood. The colour of the store should complement the brand whilst creating a positive feeling amongst consumers. Colour differs for different business sectors and depends on the atmosphere the business wants to create. Some colours have a calming effect whereas some promote energy and excitement. Hence, select the colour that suits your corporate identity and works well under the type of lighting selected.

4) Furniture:

The selection of furniture should depend on the space available. Avoid clutter as customers need to move from start to end. Whilst choosing the right furniture, lay adequate emphasis on its quality and material. Since a retail store is expected to have a large flow of visitors, the chances of furniture wear and tear are greater. As a result, the furniture should be pleasing as well as durable.

5) Ambience:

Ambience plays an important role in creating a memorable shopping experience for the consumers. Visitors enter a retail store not only to shop but also to relax and entertain themselves. The ambience should serve as one of the major reasons for consumers’ revisits. Music is known to create a perfect ambience. It can influence, entertain and inspire visitors, thus making their shopping experience pleasant. So, a retail store can set the right mood through proper music based on its target audience. Powerful graphics and wall arts too add to the overall ambience of the room. It sends an effective message to the visitors about the brand and its beliefs.

The UAE remains a top spot for lavish retail trade as residents of Emirates envisions luxury items as part of their lifestyle. The posh shopping malls, designer shops, and high-end hotels are increasing in the UAE, particularly in Dubai and Abu Dhabi. With the rise of new malls and happening fashion brands set to hit Abu Dhabi, which is the capital is making a big splash into the luxury retail market. Additionally, the countrys city, Dubai, known for opulent hotels and man-made palm-shaped islands, has become the second most attractive city in the world for international retailers in 2012. In UAE, luxury market accounts for significant market share and it is expected that luxury market will continue to increase its market share in the coming years.

According to our new research report, UAE Retail Industry Forecast to 2015, the UAE retail industry has been witnessing strong growth in sales for the past few years and is expected to grow in the coming years as well. Surging public and private sector consumption along with the contribution of strong industry verticals (tourism, trade, banking, etc) are expected to help the retail industry to grow at a CAGR of more than 3% during 2012-2015. Our report covers both food and non-food retail sector analysis along with the future forecast.

Among the non-retail sector, Color Cosmetic Products Market has shown an impressive performance and is expected to grow at a CAGR of around 28% during 2010-2015. Our report also covers the hair care market and perfumes market in UAE. In addition, we have analyzed the footwear and clothing sales market in UAE with future market analysis.

Besides, rapid development of modern retail infrastructure is luring consumers for convenient shopping experience and transforming into high retail spending. Per capita gross leasable area (GLA) is also increasing in the country with construction of new malls and expansion of some of the existing malls. In addition, fast inflow of foreign retailers is fuelling growth in the shopping mall retail area development. We anticipate that, this trend will prevail in the coming years and gradually boost the retail sales growth.

Our report UAE Retail Industry Forecast to 2015, is an outcome of an extensive research and thorough analysis of retail industry in the UAE. It facilitates statistics and analysis of all prominent market segments to provide deep and informative understanding of the market. It also covers a brief business description of prominent players operating in the industry to provide a balanced treatment of the analysis. Besides, the future growth areas discussed in the report helps to analyze the emerging market segments. In this way, the report presents a complete and coherent analysis of the UAE Retail industry, which will prove decisive for the clients.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM458.htm

Some of our Related Reports are:

– Indian Online Retail Market Analysis (http://www.rncos.com/Report/IM421.htm)
– Vietnam Retail Market Forecast to 2014 (http://www.rncos.com/Report/IM337.htm)
– Middle East Retail Sector Forecast to 2013 (http://www.rncos.com/Report/IM196.htm)
– South African Retail Industry Forecast to 2013 (http://www.rncos.com/Report/IM275.htm)
– UAE Retail Industry Analysis (http://www.rncos.com/Report/IM330.htm)

Check Related REPORTS on: http://www.rncos.com/Retail%20industry.htm

About RNCOS

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

Change is the tenet of nature and everything claims change for its enhancement. This tenet is not entirely applicable to our domestic life but also in our professions . If you realign yourself according to the current situation then you’ll be benefited from opportunities of that state of affairs. You can note down a major realignment in Pakistan for their style of navigating business process. Nowadays Pakakistani business men are focusing on upgrading automation into their business. And the outcome you can check at POS Pakistan. POS Pakistan has become a flexible point which makes possible transfer of money and goods resiliently.

Today a no of business automation software is available in Pakistani market. These are mainly ERP systems, point of sale software and retail software’s .Point of sale software has become the basic need of every business. Prior to 1990s these softwares were only considered for the exchange of goods and services while nowadays when point sale has become point of service and the work area of these softwares has enlarged to inventory control, supply chain management and customer relation management. Some benefits of using of such softwares are quick response: these softwares provides quick response to customer queries , less errors: as humans are more prone to error but in these softwares all the work is done automatically so less chance of errors, remote access: after the advent of cloud computing these softwares also help with remote access to our business.

As we have discussed the splendor of point of sale software in the same way retail softwares have their spangle. Retail software’s key functions are bar code scanning, debit credit processing and receipt printing etc. That’s why retail softwares are unintentional for any kind of business. Business may be of any kind but we have to include retail software to accelerate your business process as these softwares gives the solution of retail supply chain management . Supply chain management is the process of delivering goods and services through the several canals to the customer in a cost effective manner . And the retail supply chain management is more deeper and it keeps track even of a single transaction in the process of delivery.

Thus these business management softwares play a vital role in case sensitive businesses like grocery and pharmacy . Because commodities that are provided by this business have a short lifetime and exaction for accurate sales production and inventory control for escaping the lose of inventory.

To know more about our services POS Pakistan and retail supply chain. Please visit: http://lumensoft.biz/

Management has been playing a key role in the development of a country, company or individual since ancient times. Even in the contemporary era where professionals like Edward Bernays can affect the growth or decline of a business, candidates with the dexterous management techniques can create space for a particular business. Management integrates the whole business process thereby making it more streamlined. This in turn, results in an efficient output and overall growth in the market. Retail being one of the standard sectors stands an evident lay in the field of business management.

Well, a career in retail management is well- paid and highly demanding. A candidate with a degree in retail management is well-matched for the following profiles:

– Visual Merchandising
– Retail and sales
– Stock Management
– Logistics and Warehousing

Industrial sectors like hospitality, automobiles, banking, FMCG, Travel, etc. are keeping candidates with a degree in retail management as their first preference.

Scope of Retail Management

The retail sector is all set to grasp domestic and international recognition. It not only acts as a platform for the beginners but, also stands as a booming career opportunity for high professionals. With giant brands like Reliance, Lifestyle, Levis, Coco cola, etc. the retail market is growing every day to bring more and more aspirants in the field. Though these outlets bring a common man at ease by widening its career scope still, strategizing and managing things out there in a retail sector is not quite an easy job to do. So, special courses are developed and designed in various renowned management institutes to train the aspiring candidates and make them face the competition in the real world.

The career growth in the field of retail management is unmatched and incredible. You can easily earn your heart out, if you possess this degree from a good management institute. It not only exposes you to the special needs of the industry through a unique pedagogy of learning but, also equips you with the tools to tackle real life business issues quickly and skillfully.