Initially, the company was founded as shoe retailer, but today the company sells shoes, clothes, accessories and other products. Nordstrom aims at taking the leading position in the US market.
Functions and Services Provided by Retailers! Functions performed by retailers: A retailer deals in different variety of goods which he purchases from different wholesalers for selling to the consumers. He tries to locate best and economical source of the supply of goods.
After assembly of goods from different suppliers, the retailers preserve them in stores and supply these goods to the consumers as and when required by them.
The goods are kept as reserve stocks in order to ensure uninterrupted supply to the consumers. The end objective of the retailer is to sell the goods to consumers. He undertakes various methods to sell goods to the ultimate consumers. He caters to the needs of the customers even by supplying them goods on credit.
He bears the risk of bad debts on account of non-payment of amount by the customers. A retailer has to bear different type of risks in relation to goods.
Therefore, Tesco has to provide best quality products and services to get better place against these competitors in market. SWOT Analysis: We are describing the strength, weakness, opportunity and threats for the Tesco. Marketing Retail Assignment Marketing Retail Assignment Introduction. The retail industry is generally a very dynamic, fast changing sector. It constitutes one of the main sectors in the economy, in terms of transactions and turnover; as a consequence, it is a highly competitive and sophisticated industry. Marks & Spencer provide stylish, high quality, great value clothing and home products, as well as outstanding quality foods, the source of M&S is comes from around 2, suppliers around the worldwide.
While in stores, goods are exposed to various risks like deterioration in quality, spoilage and perishability etc. The products are confronted to natural risks viz; fire, flood, earthquake and other natural calamities. The retailer grades the goods which are left ungraded by the manufacturers and the wholesalers.
He packs the goods in small packages and containers for the convenience of the customers. The retailers are in direct touch with the consumers.
They gather invaluable information with regard to likes dislikes tastes and demands of the consumers and pass on this information to the wholesalers and the producers which are very helpful to them. Without the services of retailers, new products cannot be introduced properly in the market.
This is so because a retailer has a direct link with the consumer. He can explain nicely about the utility and the characteristics of a new product to the customer. The retailer displays the products in show windows in order to attract the customers.
This leads to immense publicity for the product. Services Performed By Retailers: Retailers provide important services to both the wholesalers and the consumers.Marketing Retail Assignment Marketing Retail Assignment Introduction.
The retail industry is generally a very dynamic, fast changing sector. It constitutes one of the main sectors in the economy, in terms of transactions and turnover; as a consequence, it is a highly competitive and sophisticated industry.
Total quality management (TQM) is the organization-wide effort to install and make permanent a climate in which it continuously improves its ability to deliver high-quality products and services to customers. Diagnosing Service Quality in Retailing essay writing service, custom Diagnosing Service Quality in Retailing papers, term papers, free Diagnosing Service Quality in Retailing samples, research papers, help The market has become saturated with many retailers offering duplication of products and similar retailing formats.
There is a need for. In addition to providing functional products, it also provides farmers with certain other value added services like computerized transactions, touch-screen info kiosk, technical advisory services. Thus, whoever would follow their footsteps and go for retailing in the rural areas stand to gain a lot.
Retailers give non-price competition essentially through personalized services Prompt and courteous service, quality assurance, sale on approval, money-back guarantee, service after sale, free home delivery, grant of credit, securing goods to satisfy individual taste and liking, offer of expert advice to customer, and comfort and convenience in.
Retailers must provide quality products and services matched with a quality shopping experience and an emphasis on value to succeed in the long run (Bawa, Gupta, Sharma, , p.
37). Retailers must also ensure from an internal standpoint that they are participating in the most efficient and effective procedures and practices.