Unorganized Retail Essay

Founded in 1997, Subhiksha had grown from one store in 1997 to more than 1000 retail outlets in 2008. It sold FMCG, grocery, pharmacy, mobile products, and fruits and vegetables (F&V). It was the largest supermarket and mobile retail chain in India with presence in 90 cities. Although organized retail was identified as a high-growth area by the middle of 2008, players had realized that organized retail in India was going to be tough business. Various players (Reliance, Bharti, Birla, and the Future Group) were experimenting with different formats and models. Subhiksha decided to come

Retail industry sector encompasses companies and individuals that are engaged in selling products to consumers. As the biggest economy in the world, retail industry in the U.S. is one of the biggest industries in the world with total sales of nearly $5 trillion in 2016 as per www.census.gov. National retail foundation’s report mentions retail industry as the largest private sector employer in the United states with about 15 million people working in the industry. Retail industry in the united states comprises brick and mortar stores and a growing e-commerce sector.

As we all know, the retail industry is very crucial and is highly competitive. As this company

Second, and most importantly to me, is the quality and high standards that chain stores possess. In my personal experience, chain stores have a decent amount of staff available to assist you with knowledge of product and great customer service. In the few local shops I’ve stepped into, I have rarely been greeted or assisted unless I managed to chase down a dour-looking employee to begrudgingly answer my questions. In Postrel’s essay, she hits the nail on the head by asserting the idea that whether a store is local or a chain, they are still quite similar in products they sell; “A hardware store was a hardware store, a pharmacy a pharmacy. ”(p.

“Though stubbornly high unemployment and continued uncertainty over the prospects for job growth will continue to dampen the outlook for industry retail sales growth in 2012, the retail industry will still grow at a rate faster than many other industries. This year, retail industry sales will rise 3.4 percent to $2.53 trillion*, according to the National Retail Federation – slightly lower than the pace of 2011, in which sales grew 4.7 percent. Many economists estimate that real U.S. GDP will rise approximately 2.1 to 2.4 percent. Over the last 18 months, retailers have been on the forefront of the economic recovery – creating jobs, encouraging consumer spending, and investing in America,” said NRF President and CEO Matthew Shay.

The retail sector incorporates businesses that sell goods and services to consumers. Over the past couple of years, there have been changes to the industry which has provided favorable returns to some companies but adversely affected the bottom line of others. The retail industry was originally a made-to-order market which would require excessive need of brick and mortar operations. Due to technological advances, the industry has shifted towards a made to stock strategy in order to keep up with consumer demand. In addition, the consumers today prefer to browse through a catalog or through the internet in order to make spending decisions and then wait for the item to be shipped.

The Retail Grocer has become a fundamental aspect in the U.S. economy and the rest of the world given the rise of disposable income. The rest of the western world and the Caribbean regions’ purchases of grocery items for export has a significant impact on this industry. This industry, NAICS Code 445110, can be defined as “the Supermarket and Grocery Stores which makes up the largest food retail channel in the United States. Establishments in this industry retail general lines of food products, including fresh and prepared meats, poultry and seafood, canned and frozen foods, fresh fruits and vegetables and various dairy products. Delicatessens primarily retailing food are also included.” (IBISWorld, 1999-2016).

We are part of what I consider in this economic environment the most attractive sector in retail

•  India's $250 billion retail business is the eighth largest in the world and has the potential to grow 7 per cent by 2011. [McKinsey Report] For a company already dominating the world markets, this is an un-passable opportunity.

The Department Store industry growth rate and life cycle are declining due to the industry being unattractive and not drawing in more competitors. Also, firms are leaving the industry because they want to offer consumers more options and are then reclassified out of this industry into another one. Industries use either the low cost strategy or the differentiation strategy to obtain a competitive advantage. Analyzing the external environment has shown that it is not attractive for new entrants. After the Target data breach firms in the industry are taking the necessary steps to protect consumer information to be able to regain consumer trust. The industry is starting to raise the hourly rate for employees

Business like Amazon wants to make buying item from their business easier for customers. This is why Amazon offers E-retailing which gives customer option to go shopping online. The internet has had impact change on consumers shopping habit as shopping online has numerous advantages which is why online shopping continues to gain popularity. Some of the advantages of E-retailing is that it’s convenient as consumers are able to go shopping at home which could help them save cost on travelling and also gives consumers an option to compare prices of different products as there are wide range of products being sold online.

Industry: American Retailing Industry, for example, Target Corporation is an American retailing industry company, founded in 1902 and headquartered in Minneapolis, Minnesota. It is the second-largest discount retailer in the United States, behind Walmart.

The retail sector is one of the important sector in which there are more chances of growth for developing the economy. Today in the current scenario retailing including US$ 6.60 trillion (Rs. 2.64 crore) market share turnover in India. So we can say that the retail industry is big collaborative profit potential factor which is an ingredient of its GDP (Gross Domestic Product) and in day to business environment, retailers are increasing and which provides quality goods to the customer along with the different schemes and services.

According to Niemira (1996), retail industry tends to be more vulnerable to the ups and downs of the economy than other industries. To illustrate by Figure 1, in 2007, the retail sector grew faster than the UK economy. Nevertheless, when the recession began in late 2007, a quicker and deeper decline than the whole economy could be seen. At the bottom in Q2 2009, output from the retail industry dropped by 9.3% compared with 2008 while the output from the whole economy decreased by 5.8% in that quarter (Rhodes, 2014)

The organization I have selected for this assignment is Donut king which is in palms mall Shirley, Canterbury. The main rezone of choosing this retail store is that is very familiar with this store because am working here. An organization is a formal structure of roles and positions put in place to achieve some specific goals. The structure of a retail organization defines the role of employees and the way in which the organization functions. To design an effective retail organization structure, managers/ owners must define store objectives, identify the tasks, classify the tasks and jobs, and assign responsibilities and authority to various positions, and define the relation between them.