Identify four or five potential critical success factors for a small chain of retail jewelry stores
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Identify four or five potential critical success factors for a small chain of retail jewelry stores
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- Why retail strategy should have the element of customer loyalty to build a sustainable competitive advantage?Why retail strategy should have great Customer Service to build a sustainable competitive advantage?In a small group, present a plan for a new retail store. Who is the target market? Describe the merchandise, atmospherics, price points, services provided, location, and how you would promote your retail store. Describe how you will differentiate your store from competitors.
- Select two stores that you shop regularly. What competitive advantages do those stores have over their competitors that cause you to shop there rather than at the competitors? Develop your personal mission statement, with supporting goals.Why retail strategy should conduct Customer Relationship Management Programs to build a sustainable competitive advantage?Critically discuss the extent to which the physical location of a retailer is still important to a retail organisation’s success.
- How does a traditional specialty store attract customers?Why retail strategy should have efficient Distribution and Information Systems to build a sustainable competitive advantage?Pretend that you are one of the aspiring retailer how will you plan your retail store to corner the market and be the best retailing decisions any retailer made?