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Retail Marketing: Definition, Scope, Characteristics, Nature, Types, Factors Affecting and Security Issues

  Everything you need to know about   retail marketing .   Retailing has become such an intrinsic part of our everyday lives that it is often taken for granted. The nations that have enjoyed the greatest economic and social progress have been those with a strong retail sector. Why has retailing become such a popular method of conducting business? The answer lies in the benefits that a vibrant retailing sector offers—an easy access to a variety of products, freedom of choice, and high levels of customer service. Retailing encompasses selling through the mail, the Internet, door- to-door visits—any channel that could be used to approach the consumer. When manufacturers like Dell Computers sell directly to the consumer, they too become retailers. Learn about:- 1. Definition of Retail Marketing 2. Scope 3. Characteristics 4. Nature  5. Types 6. Factors Affecting 7. Infrastructure Constraints 8. Changing Structure 9. Security Issues. Retail Marketing: Definition, Scope, C...

Retail Marketing: Introduction, Importance, Functions and Benefits

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 1. Introduction to Retail Marketing: Retailer is the person or institution who delivers goods to final consumer in the channel of distribution. Goods and services are created for consumption and use by people, it is retailer who assumes the role of taking the goods to its final destiny of consumption. The word retail is derived from the French word Retailer, that is to cut a piece, a break down. A retailer buys in large quantity from the middleman or manufacturer and breaks the bulk in small quantity, sells or markets them in small quantity to meet the needs of customers. He acts as a link between manufacturer or middleman and consumer. He delivers the product or service in a form, size, that is acceptable to final consumer. Retailer is described as merchandising arm of manufacturers or a neck in the bottle of distribution. Retail as trade has developed over the period of time, from un organized street vendor or seller like ‘SUBJIWALA’, PAANAWALA to organized shops like super baza...

The Principles of Successful Retail Marketing

  What is retail marketing? Retail marketing is the process of bringing a product directly to customers in a retail store. It involves the planning, promotion, and presentation of a product. Having a unique commodity is only the first step -- addition components of retail marketing include ergonomic packaging, competitive pricing, and sales campaigns. The four gold standards of retail marketing are  product ,  food beverage sales agency price ,  place , and  promotion .     Principle One: Product This one seems pretty straight forward; before you can attack the marketing process, you have to have a product to market. This product can be physical or intangible. Either way, it’s important to compartmentalize whatever you’re offering into a neat unit. How do you do this? Packaging.   You can’t have a product without packaging According to Forbes, a staggering  95 percent  of new products fail. While Forbes chalks it up to a lack of quality...