This paper “Retail world in 2020” will look at the future of retailing to the point that the traditional brick and mortar retail stores will no longer be as dominant as it is still today. Apps will become the new outlet of distribution…
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The classic example of this is Apple Watch that was just recently launched. Apple Watch is not just a regular watch that tells time but could also send and receive calls via iPhone. It also has hundreds of apps (Stein) that could serve as a platform for retail when the technology is harnessed in the future. Thus time will come that wearable devices such as watches will not only tell time, receive and send messages but will also become a store where one can shop from fashionable clothing lines to high end items. In addition to digitizing fashion, the way that fashion will be processed and retailed will also become “greener”, sustainable and ethical. This means that ecologically damaging manufacturing practices will be shun by the buying public and will prefer the “greener” business whose practices are ecologically sound. This means that the use of furs and other materials that came from endangered species will be generally frowned upon by the market in the future. The traditional brick and mortar retailers in the future will not entirely vanished but will just become more efficient. This means that retailers in the future will have more sales per square meter of the store as “In-store mapping and smart navigation will become highly accurate . . . by effectively tracking the whereabouts of the shoppers” (Mehta). It will put retailers in a better position to effectively design the layout of their stores that would make the best route for customers to do their shopping.
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The paper briefly describes the retail sector in India and discusses about its reasons of growth. Later we will highlight the importance of retail sector and how the international big retailers can play an important role in India’s economy and what threats they can impose for the local competition.
As of today, it has grown in size in an exponential manner and had become one of the biggest retailers doing business in the U.K. At today’s date, it has a total of 934 stores, which includes 557 supermarkets and a host of convenience stores counting 377 in number.
odern business scenario, services marketing can be observed as one of the leading elements, which considerably provides immense support for the global marketers. Service industry extensively involves those organisations which deal with services or in various scenarios the services are often regarded as the core products of these organisations.
37) Was Milton Friedman (many believe that he was the greatest economist during second half of 20th century) right? Well, that should not be the question in the first place rather the question should be: is the idea of Milton Friedman relevant in context to modern business world?
Zara is one of the leading brands in the retail industry for clothing and apparel. This market has witnessed intense competition among the existing players and also emergence of new players. The pattern of trading is also undertaking a shift due to the use of online medium of transaction for purchase of clothes.
The name of the chosen high street outlet is Topshop which sells fashion apparels in the high street outlets in London. This sector is one of the major economic sectors in the country, with retail sales reaching upto 221 billion pounds and employing round 3 million people with total 3, 00,000 shops in UK alone.
The company initially had a policy of selling only those goods that were manufactured in Great Britain but with the increasing competition such policy was no more continued. Marks and Spencer, also known as M&S or Markies, made its mark with
As they come of age, there are some characteristics synonymous with teenagers that can be associated with them such as changing bodies and an increased interest in the opposite sex, unique social needs as well as desires. Hence, tweens begin developing