We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Retail industry in last ten years - Research Paper Example

Comments (0)
Summary
Retail industry in last ten Years The retail industry has evolved through major changes in the last decade. The industry has proved to be a major source of employment in countries like US and the nature of the overall operation of the industry has undergone rapid changes…
Download full paper
GRAB THE BEST PAPER

Extract of sample
Retail industry in last ten years

Download file to see previous pages... The paper also analyses the role played by the mergers and acquisitions which had led to successful operation of the few big organization in the retail industry. Changes in the retail market: The general overview regarding the retail market has changed considerably over the last ten years. Originally the retail market signified a clothing market which primarily involved a made to order market, but in recent time, the dimension changed and it emerged as a ready to wear market. The standard practice of the retail market involved customers flipping through the product catalogue, selecting the color, size, and the texture of the clothing which they desired to purchase and then the customers had to wait for the sewing process of the clothes to be complete before they received the delivery of the final product. However in the era of 21stcentury, the multinational organizations have stepped in the market and the outlook of the retail market changed with large sized stores where the customers were offered various products under a single roof. The retail industry in the present times comprises of products other than clothing and is primarily segregated into two segments which are hard and soft. Under the hard segment, the goods include electronics, appliances, and furniture whereas the soft segment deals with clothing, apparels and products of fabric. The increase in product under the retail chain has also strengthened the competition between the top organizations in the retail sector. Another major change which has evolved in the retail market is the conversion of the departmental stores into big apparels. Before 1999, the departmental stores in US were facing a major problem in the business due to loss of sales and in order to revive their market condition, the change in strategies was adopted by the store owners. The period from 1999 to 2005 witnessed a major downfall in the sales of the departmental stores whereas; the sales figure in the warehouse chains and the clothing stores took a major leap. The cause of the failure of department stores was many. The change in the lifestyle of the people was one of the primary causes. The lifestyle of the people living in suburbs encouraged for the creation of the malls. Consumers preferred to shop in the areas near the localities where they lived and the down town departmental stores were soon out of fashion. The shopping malls saw the emergence of big brands under the same place and were successful in gaining the attention of the customers. The overall fashion trends of the customers were also changed dramatically and the branded retailers were successful in addressing the needs of the customers at an affordable price. The retail industry witnessed a change in the modes of payment also in the past decade. The customers of the 21st century prefer to opt for non-cash payment and the payment by debit and credit card has made shopping more easy for the customers. The number of payment by cards in the retail sector rose to 5.3 million in the year 2003. The advancement of internet also has changed the mode of operation of the big organization in the retail sector (Plunkett, 2008). Over the last decade most of the reputed organizations have implemented the online selling techniques by the improvement of the web portal. The websites of the respective organizations are flooded with product information and the customers can easily purchase the product of their choice by making an e-payment and the products ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
How the Role of the Organizational Trainer Has Changed in the Last Ten Years
The training and development environment within the context of an organization has changed immensely since the start of the twenty first century. In the conventional sense, organizational trainers were often regarded as instructors. They were specialists in various disciplines that made them to obtain training towards the end of their careers
10 Pages(2500 words)Essay
Police Departments Organizational Change: Implementation of Community Oriented Policing In The Last Ten Years
Some of these problems occurred because there has been a gap between the cooperation between communities and the police which had helped controlled crime before this time (Coleman et al., 2007). However, it is important to state that the Police in the U.S have undergone remarkable organizational changes in recent years in order to cope with the new threats of modern-day crime in our society (Adams et al., 2002).
9 Pages(2250 words)Research Paper
Exciting recent archaeological find (within last 10 years)
Sedgeford itself is located in a very flat landscape, which is dominated by Anglo-Saxon archaeology, featuring such famous figures as Boudicea, Queen of the Iceni (Moshenka, 2005). The Find The gold hoard at Sedgeford is one of only two in the United Kingdom to have been found preserved inside a piece of animal bone.
3 Pages(750 words)Research Paper
Mexico City: The Last Twenty Years
Shortly after the noted pollution labeled the same city as “the most dangerous city in the world for children.” (Hibler, 2012). Mexico has been working to change that conception of their city and make major improvements. Even with strong pollution control measures in place, a cloud lingers over the city most of the time.
6 Pages(1500 words)Research Paper
Clashes over Muslim minorities in Europe throughout the past ten years
This was accelerated by indirect clashes between Muslim minorities and other European religions. The clashes mainly use the media to express hate on each other. For example, cartoons and other drawing in newspapers are use to tease other religions. For the last ten years, there has been an increase in the number of reports by journalists relating to Muslims in Europe.
10 Pages(2500 words)Research Paper
Australia's Apparel Industry Analysis
It starts with understanding the size of the apparel market. It then tries to analyze the products and the locations that are popular in Australia. It then analyzes the market dynamics such as local market size, exports from Australia and the top ten export
8 Pages(2000 words)Research Paper
Recent Trends in Business Communication (Last Five Years)
Various media and modes are used in communication exchange. According to Kushal (2010), communication should be a dialogue not a monologue and it should be concerned with a dual listening process. Business communication has two major functions; internal and external
11 Pages(2750 words)Research Paper
Hunger and Poverty among African-Americans in the last ten years in Texas
raditional factors associated with Texas, the state has also emerged as an urban state with some major cities of the United States like San Antonio, Houston, and Dallas etc. However, poverty and food insecurity remain two critical and widespread issues in Texas, especially among
7 Pages(1750 words)Research Paper
Retailer - Kroger
However, it faces competition from other similar chains like Wal-Mart, Safeway and others. Currently, the economy is not performing to the standard. The customer continues to cut off their expenses by limiting the numbers of products they purchase or reducing the number
8 Pages(2000 words)Research Paper
New discoveries in physiology in last 5 years
wherein problems with the immune system interact with other body systems, depending on the kind of cancer involved (WHO, 2015 in “Cancer Mortality and Morbidity”). A distinct characteristic of cancer is the rapid production of abnormal cells that extend from their common
6 Pages(1500 words)Research Paper
Let us find you another Research Paper on topic Retail industry in last ten years for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us