Month: April 2019

Retail Management is a dynamic field and offers lucrative opportunities to those who are willing to study for it and learn the ropes. What makes it more exciting is that you dont need to finish a college degree to get started or become a successful retail manager. A short online course which you can take while you are working full-time can pave the way to a new and rewarding career in this industry. Since you will be dealing with different types of people, you must have good communication skills, be able to lead and motivate your staff, patient, keen attention to details, able to multitask, willing to work long hours and a problem solver. Running a retail store is very challenging but if you overcome the pressures, it can be very fulfilling too.

A retail management diploma may be helpful if you want to climb up the corporate ladder. It will also introduce you to the basic and technical concepts of running a business especially how to make your store profitable, hiring personnel and monitoring staff performance. After finishing a course, you can already apply for entry level positions. Some of the positions that you can apply for are store assistant, sales clerk or cashier. This is usually a first step to reaching the top. Observe and learn how the business works. Request to be assigned in different positions and shifts. Opening and closing shifts offer different insights so this will be helpful for you to become a retail manager later on.

While you are gaining experience, dont forget the importance of continued education. Though it is not required to have formal college education, taking up retail management courses even through distance learning is important not only to update your skills and give you competitive edge over other candidates for retail managers but to establish contacts with key people in the industry as well. When you keep yourself updated with business trends and skills, it wouldnt take long to qualify for managerial positions not only in retail but also in merchandising, sales, operations, accounting (if you take up accounting courses) and marketing. Choosing an accredited and recognized retail management institute is crucial in facilitating your shift to this field. Schools with good reputation often assist their graduates in applying for jobs by helping them create a solid resume and providing references. Make sure you take advantage of on-the-job training or internship. If you have friends who own stores or businesses, volunteer to work there even for a few hours a week. This can give you valuable experience and let you develop important skill set that you can use when you are ready to run a business or manage a retail store.

For most customers in any kind of business, retail pricing is important. In other words, we need to stick with the exact retail price of the product or service given by the company itself. Why retail pricing is very important for all of us in terms of business relationships? Let us try to give you an example of a business that sticks to their retail price. For example, a computer shop in the mall sells personal computers (PC), laptops, printers and other accessories that are related to technology. It is quite normal for you to ask about their respective retail prices.

If you are interested in buying a laptop, there are two different kinds of prices. They are called as the selling price (SRP) and the monthly installment price (MIP). When it comes to selling price, it is the exact normal price being set by the seller to you. If you are going to buy an ASUS laptop that is worth $400, it is the exact retail price. For this kind of price, you can pay it through cash or credit card. It really depends on the seller itself, whether he or she accepts credit card for a product with selling retail price.

On the other hand, monthly installment price is where you pay for the product on a monthly basis. If you compare it with an exact price, it seems that you will do it by means of down payment. Products that are having their own retail price shall be paid in full by cash or credit card. But for products that are on installment basis, you can pay it at a lower price every month. In the end, you will realize that monthly installments are more expensive than buying the product with the exact retail price.

The same thing goes to cable or digital television providers. For most companies like this, they are accepting payments in a subscription basis. It means that you are paying them in a recurring process. Their products and bundle packages are having their own retail prices, and it’s on selling mode. You are not paying them in full or monthly installment basis. Instead you are paying them in terms of subscriptions. You are subscribing to a product that gains you access and features in the world of cable television. Unlike monthly installments, it is difficult for you to cancel it.

Subscriptions are very easy to cancel anytime in case you are not satisfied with it. The cable TV company made a promise to their customers about the different deals in subscribing with one of their TV bundles. In other words, they will give you the money back guarantees for you to be sure that risk is not involved here. If you are not satisfied with the product subscribed in your respective cable television provider, you can file a request to their customer service about the cancellation of your deal. This is how important for us to know about the exact prices of our products, and we should not make any bad decisions at all.

Epos Direct Fashion Epos is designed specifically for fashion retailers. Epos Direct FASHION EPOS information helps you find the weak spots and discover your strongest areas, leading you to make improvements where necessary. With the help of epos direct fashion retail systems, you save time and valuable resources spent accumulating the data provided by your most current software.
It is a single system that enables you to manage your stock at shop , ware house & website as well. The system that keeps you in control of your business and it runs directly from your till or sales point!
Epos Direct have released a brand new Fashion Epos, which includes Epos Hardware, Fashion Epos Software & E-commerce Solutions useful for Independent retailers with one shop or boutique or group of chain store.
Our Fashion Epos provides you with affordable Fashion Retail Management and Epos solutions that will save you hours of time, keeping track of your stock and making business decisions for improving shrinkage and customer spending. Fashion Epos Systems is a powerful and innovative, modular based Windows software application that has been developed with feed back from retailers to focus on the real requirements of Fashion Epos, Stock Management and Fashion E-commerce solutions.

Our FASHION EPOS will help increase efficiency while reducing operating expenses. Fashion Epos Systems helps provide managed services as part of their support plan; this drastically reduces the technical issues for the customers, especially those with Multi-Stores. Fashion Epos Systems will also ensure that all your stores are connected to each other and the database back-up for every store is updated every few minutes.
Complete Fashion Epos Package Included:-
* Touch screen System
* Cash Draw
* Receipt Printer
* Barcode Scanner
* 12 months warranty on hardware
* Epos Direct Till and Back Office Software
Fashion Epos Features:-
* Purchase orders
* Receiving
* Distribution & Store Transfers
* Inventory Management
* Physical Inventory/Cycle Counting Overview
* Customer Management
* Access rights & Control
* Discounts, returns
* Multi-tender processing
* Gift certificates/cards
* Added security at workstations
* Marketing tools
* Loyalty Programs

Epos Direct FASHION EPOS Head Office Solutions

The Epos Direct FASHION Head Office Solution allows hospitality business with more then one location to manage the business operation from one place. The Head Office solution is trusted and proven to allow quick and easy decision making processes and initiates changes throughout the wide area network up to real-time.

Remote access to business critical information from any location

Epos Direct Fashion Epos System allows endorsed personnel the option to remotely access the tills Head Office system. Senior managers and accounting staff can review sales, stock and cash figures from any location including their home offices. This will really useful for the analytical teams who have been able to significantly reduce the number of man-hours involved in the invoicing process due to this facility.
Epos Direct Fashion Epos Systems stands for reliability, cost-effectiveness, quality and trust. Epos direct is The authors of the Emporium Software and hospitality solutions with proven technologies currently used in the Europe, Africa, USA, Asia & Middle East.

The retail industry in South Africa has been growing enormously over the past few years. With the world-class infrastructure equivalent to the first-world countries, high living standards, and a vibrant market economy, South Africa is considered as one of the worlds most promising emerging markets. Growth in the retail market is mainly attributed to an increase in personal income, low interest rates, and rising employment opportunities, says our new research report, South African Retail Industry Forecast to 2013.

Our report identifies that the retail market has benefited from the strong consumer confidence and high public spending on both food and non food items. We have found that the non food retailing will grow at a faster pace than food retailing, with high spending on technical consumer goods. With the rising employment opportunities and low interest rates, the market is set for growth in the coming years. We anticipate that the South African non food retail sales will grow at a CAGR of around 7% during 2011-2014.

However, among the non food segment, technical consumer electronics products like mobile phones, personal computers, major and small home appliances and other goods account for the largest share. Clothing and textile also holds a significant portion of market share with growing demand for international brands in the country due to improving living standards. In near future, it is expected that the share of cosmetics and toiletries will rise with the entrance of new international cosmetics brands in the country.

Besides, our report reveals that, the market will witness a dramatic change in the competitive landscape over the next few years. A large number of companies will foray into the lucrative South Africa retail market with their diversified product portfolio. This will lead the incumbent players to invest heavily in establishing their stores across different regions of the country.

South African Retail Industry Forecast to 2013, provides future forecast on the industry, based on correlation of past drivers, challenges, and opportunities for expansion. In this way, the report presents a complete and coherent analysis of the South Africa retail industry, which will prove decisive for clients. Detail data and analysis will facilitate investors, financial service providers, and global real-estate players to navigate through the latest trends in South Africa retail industry.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM275.htm

Check DISCOUNTED REPORTS on: http://www.rncos.com/promotion.htm

About RNCOS:

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

Get a theme/brand/niche. One of THE most important things in marketing is that you have to occupy a place in the heart of your customers. There are many words spent on talking about what this means, but for the time being I will keep it brief. This means that you need to ANCHOR your brand to an emotion, a thought or a competitive advantage. Tom Peters calls it a UPOV*8, ie a Unique Point Of View in 8 words or less. It has to be something that sets you apart from the rest, can be easily defined and creates an AURA around you. Everything you then do has to REINFORCE this.
Greenpeace protect the fragile earth
Aston Martin Beautiful, Luxurious, Serious Drivers
McDonalds Fast food, low cost, good service.

2. Atmosphere. Anyone who is familiar with The Wizard will know about using multiple Thought Particles to create an atmosphere. In a retails store this part is critical.
Use lighting; colour, spot, candle, globe. Create effects, dazzle, subdue, highlight.
Use Smells; Floral, food, leather, Grass. Awaken the senses.
Use colour; Complimentary (Violet & Yellow, Indigo & Orange). Antagonistic
Use sound; Loud, soft noise, music, fast, slow
It is up to you to come up with the rest.
Singapore Airlines, the smell has been patented
Stores, the lighting is sparse, and standard

3. PZAZZ Create steam, drama, velocity. Hire, fast working ferocious staff/Actors who fight/rollerbladers/gymnasts/circus clowns. It is like those funny home videos, you just cant help but look.

4. HIRE Good Salespeople This really should be rule number one, because it is that good. You are defined by those who work for you. Get the right people on the bus (http://www.jimcollins.com/). Use your brand to hire people that “FIT”Always make room for good sales people.

5. Define yourself That is you, the owner. In the military they have stripes that define who you are. A wise man once said to me, “what is the point of being somewhere, if no one knows you are there.” Wear, use, have a bright red tie. Die your hair. Dress like a Mime. Your team and customers deserve to notice who you are.

6. Business Names must be obvious – a good practical point. Dont call yourself “Daves” because no one will know what you sell. Give yourself a name that both defines what you are and what you do. Look through the dictionary. Find words that sum up what you are about.

7. Business Location Location Location!! You can not underestimate the benefits of a good location. High Visibility, good foot traffic, access to distribution centres. Pay for a high traffic location, it is VERY cheap advertising.

8. Invest in good Signage Get someone to design your sign and shop front WELL. It is extremely important when setting up the store.

9. Share your vision with everyone – All your employees, regular customers, friends and family should know what your store/business is all about. It should be reflected in the brand, the smell, the products and the processes. Make it visible, make it a slogan, make it count.

10. Handle complaints immediately and thoroughly – Make sure you take complaints on board. They are constructive critisim. Even if you think the perpetrator is a fruit loop, he may be saying what everyone else is thinking. Tom Peters talks about talking to the lunatic fringe. From these comments, you may be able to improve service in leaps and bounds.

11. Give something back Most companies are starting to get it. Pick a good cause and get behind it. Sponsoring local sports teams is good. Planting a forest is better. Leverage is the key. Make sure you publicise what you are doing. Dont turn it into a marketing campaign, but make sure everyone in your sphere is aware of it