Examples of retailing in the following topics:
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- Retailing goods or services goes back to the beginning of recorded history.
- Retailing is essential to societal survival and the backbone of any economy.
- Retail comes from the Old French word tailer (compare modern French retailler), which means "to cut off, clip, pare, divide" in terms of tailoring (1365).
- Retailers are part of an integrated system called the supply chain.
- Auctions, estate sales, tag and garage sales are other forms of retailing that help to expose goods to potential buyers and even other retailers.
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- The retail inventory method uses a cost to retail price ratio.
- Divide the cost of goods available for sale by the retail price of the goods available for sale to find the cost/retail price ratio.
- Deduct the retail sales from the retail price of the goods available for sale to determine ending inventory at retail.
- Multiply the cost/retail price ratio or percentage by the ending inventory at retail prices to reduce it to the ending inventory at cost.
- Assume that use of the retail method for the fourth quarter showed that $66,000 of goods should be on hand, thus indicating a $4000 inventory shortage at retail.
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- Merchandising is any practice which contributes to the sale of products to a retail consumer.
- In the broadest sense, merchandising is any practice which contributes to the sale of products to a retail consumer.
- While this used to be done exclusively by the stores' employees, many retailers have made substantial savings by requiring it to be done by the manufacturer, vendor, or wholesaler that provides the products to the retail store.
- Through this approach, retail stores have been able to substantially reduce the number of employees needed to run the store.
- Merchandising is any practice which contributes to the sale of products to a retail consumer.
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- Retail marketing strategies are dynamic and interactive.
- Customer service has evolved into an important retail marketing strategy of its own.
- Retailers generally do not manufacture the products and goods that they sell.
- Successful retailers are constantly marketing.
- Discuss the marketing strategies and tactics used by different types of retailers
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- Joining Costco or a BJ Wholesalers outlet offers a unique perspective on retailing trends.
- They are capable of offering lower retail prices because of the combined warehouse/retail store model and by offering products in bulk to customers .
- Recent retailing trends have led to the development of warehouse-style retail stores.
- These high-ceiling buildings display retail goods on tall, heavy duty industrial racks rather than conventional retail shelving.
- Essentially, the same building serves as both warehouse and retail store.
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- Non-store retailing is the selling of goods and services outside the confines of a retail facility.
- Non-store retailing is the selling of goods and services outside the confines of a retail facility.
- It is a generic term describing retailing taking place outside of shops and stores (i.e., off the premises of fixed retail locations and of markets stands).
- E-commerce sites now cover almost every nook and cranny of the retail space.
- Vending machines are another type of non-store retailing.
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- The integration of marketing channels to varying degrees is known either as multi-channel or omni-channel retailing.
- The integration of marketing channels involves a process known as multi-channel retailing.
- Multi-channel retailing is the merging of retail operations in such a manner that enables the transacting of a customer via many connected channels.
- Systems and processes within retail simply facilitate the customer journey to transact and be served.
- Omni-channel retailing is very similar to, and an evolution of, multi-channel retailing.
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- An example of a large retailer would be Wal-Mart shown here
- Non-store Retailing - Non-store retailing describes sales made to ultimate consumers outside of a traditional retail store setting.
- Vending machines are another type of nonstore retailing.
- Wholesale volume is greater than that of retail because it includes sales to industrial users as well as merchandise sold to retailers for resale.
- Walmart is one of the largest and most successful retailers in history.
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- The discounts substantially lowered their cost compared to costs of single-unit retailers.
- Discount Houses: Cut-rate retailers have existed for a long time.
- However, since the end of World War II, the growth of discount houses as a legitimate and extremely competitive retailer has assured this type of outlet a permanent place among retail institutions.
- Warehouse Retailing: Warehouse retailing is a relatively new type of retail institution that experienced considerable growth in the 1970s.
- Among those most influential on retailing were the growth of the population and of the economy.
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- Trade promotions are targeted toward retailers while consumer promotions are targeted toward consumers.
- Trade promotions are targeted toward retailers while consumer promotions are targeted toward consumers .
- Trade promotions are marketing activities executed between manufacturers and retailers.
- Trade contests are used to encourage retailers to sell products, as the retailer who sells the most wins a prize.
- Training programs teach employees or retailers the benefits and uses of a product.