Discuss how retail companies have adapted their business strategy to address the needs of specific global markets

The segment begins with a presentation where thoughts of Retail are discussed in short. This segment moreover clears up the distinctive purposes of intrigue and disadvantages of Retail industry, outline of the overall Retail industry, comparative examination of retail industry of globe and India, Indian retail industry at first. The part moreover highlight's on the Evolution of Modern Retailing in India. Goals of the review, hypotheses attempted systems and instruments of data amassing and, examination of data.

It should be noted that it is outside the scope of this paper to present a review of the international retail literature (see the excellent reviews by Alexander (1997); Alexander and Myers (2000); and Burt et al. (2003)). This would increase the length of the paper substantially

Retail Marketing Sales Operation and Management1 C. Hazarika2 Retailing includes all the activities involved in selling goods and services directly to final consumers for personal, non-business use. A retailer or retail store is any business enterprise whose sales volume comes primarily from retailing. Any organization selling to final consumers – whether it is a manufacturer, wholesaler or retailer –is doing retailing. It does not matter how the goods or services are sold (by person, mail, telephone, vending machine, or internet) or where they are sold (in a store, on the street, or in the consumers home). Types of retailers Consumers today can shop for goods and services in a wide variety of retail organizations. These are store

Retailing involves a direct interface with the customer and the coordination of business activities from end to end-right from the concept or design stage of a product or offering, to its delivery and post-delivery service to the customer. The industry has contributed to the

Payless ShoeSource focuses their segmentation business strategy on the demographics of their consumers. “Payless ShoeSource targets as its main customers women from 18 to 44 years of age with household incomes of less than $75,000, and it estimates that in any given year, 40 percent of the women in this target group buy at least one pair of footwear at a Payless store” (fundinguniverse.com, N/D, para. 3). Payless also acquired Stride Rite in 2007, taking on the children’s demographic. “With this acquisition Payless is hoping to attract another breed of customers – those willing to pay a little more for their footwear - as some of its children 's shoes, for example, cost around $50 per pair” (Moon, 2007, para. 3).

Critically review the search for competitive advantage within Global Retailing, paying particular attention to both inside-out and outside-in views of strategy. Use both appropriate theory and a range of company examples.

Tesco Plc. is headquartered in the United Kingdom being expanded in more than 12 countries of Europe and Asia. The organisation under consideration is one of the largest retailers dealing in food, grocery, and clothing. It has gained the second position in eight of the global markets along with which it gained the leadership position using different channels. The organisation has other areas of operations in banking and telecommunications but its main area of focus is retail of groceries and other than food products. By the end of its fiscal year 2013, the organisation had more than three thousand stores in the United Kingdom, more than fifteen hundred stores in Europe and more than two thousand stores in Asia. Tesco is operating under different brand names in different countries because of franchise agreements (Moore, 2001).

Retailing is the sale of goods and services to a consumer. The retailer is the last link in the distribution chain. A retailer 's purchases are usually made from a wholesaler, who in turn buys from a manufacturer (Retail, 2014). According to the U.S retail industry, two-thirds of the total US GDP comes from retail consumption. The latest annual report of the U.S department of Commerce for 2013 says that total retail sales in 2011 was $4.7 trillion an increase of 8% from 2010 numbers. Retailers have turned from being an intermediary between the manufactures and consumers to a visible power who can influence both producing and consuming decisions. Be it the vast expanses of the countryside or the crowded streets of cities, a Walmart, Target, or Staples are a common sight.

Retailing is selling products or services to consumers/customers for their own use, Examples of retail stores are Primark, Next, River Island and Tesco. There are thousands and thousands of different retail stores across the country. Retailers are a vital part of the business world as they add value to products and services.

Tesco’s international expansion until 2010 had seemed like a complete success despite the odd hiccough. This case re-examines Tesco’s internationalisation in the context of harsher economic conditions, using a comparison of its operations in South Korea and the USA to draw out important strategic dimensions of the retail internationalisation process. It also explores the organisational consequences of that process for the firm, particularly when it is perceived to threaten the home market performance of the retailer.

Assignment Title: The application of modern management concepts to Retail Buying and their use in developing a Competitive Advantage.

The trend of industrial growth and business expansion is the by-product of the globalization and increased product demands. However, industrial stability is an ever significant matter for the country’s economic firmness. Most of the industries certainly assist in augmenting the overall gross domestic product of the country. Simms & Trott, (2014) enlighten that there are various factors that impact the industries’ profitability and sustainability that may include the demand and supply, competition and so on. The retail industry of United Kingdom is the growth and profitability driver for the country since it has been operating in the market. Emphasizing on the retail industry of UK, the competition is too high and the market competition impacts by the various environment and behavioural trends of the general public. According to Parliment.UK, (2014) in the year 2012, the wholesale and retail trade provide 16% of monetary productivity and 16% of services and employment chances in the UK. However, the economic downturns and other factors impact the buying power of the people that indirectly impacts the profitability of the industry.

International Retailing has existed and gained market in the past decades. There has been a financial boom in many countries. International Retailers are the companies who are dealing with the retails in the Countries abroad, i.e. far from the countries of the company’s origin. Earlier they were just Domestic Retailers covering their domestic market in the country of their respective origin, but with the elapse of time the demands of people rise in various items and in various countries. It was not possible for them to fulfill the demand of their domestic market and other countries at the same time. So with a risk they started to increase their retails shops within the origin country to have a look at the response of the people. But their sole purpose was to internationalize their retails shops. With time they opened the same retail shops with the same fashion quality but in increased quantity. This is how they became International Retailers. When we talk about International Retailing, the most common names that we come across are K-mart, PAK’nSAVE, Walgreen, Woolworths Ltd, etc. But the leading names of the Retailers that have covered most of the countries are Wal-Mart, Carrefour and Tesco, with their net sales turnover running are $374.5 billion, $130 billion and $102.6 billion, respectively. There are 2 types of International retailers in the industry, i.e. - international Grocery retailers and International fashion retailing. The products of International

Retail is the sale of goods and services from individual or business to the end user. Retailers are part of an integrated system called the supply chain. A retailer purchases goods and products in large quantities from manufacturers directly or through a wholesaler, and then sells smaller quantities to the consumer for a profit. Retailing can be done either in fixed locations or online. Retailing includes subordinated services, such as delivery. The term “Retail” is also applied when a service provider services the needs of a large number of individuals, such as a public utility, like electric power.

Retail sector is one of the booming sectors for product promotion for every new and existing manufacturer’s as it provides easy access to particular class of customers. In growing demand for branded products and customized selling made retail shops more consumer friendly and influence there living standard as well as there consumption habits. Retail