All posts in Retail

The Indian retail industry is the fifth largest in the world and one of the fastest growing industries in India. The country is considered as the third most attractive market for retail investment in a list of 30 other emerging markets, according to AT Kearneys Annual Global Retail Development Index 2010.

As the retail sector grows bigger and bigger, there is an urgent requirement to bring in new talents familiar with the know-how of this fast changing sector at each and every stage. To cater to the rising demands for managerial manpower by the Retail Sector companies several established B-schools have started Retail specialization MBA courses. These are BIMTECH, KJ Somaiya, Welingkar, and others.

Envisioning to bridge the widening gap between the supply and demand of trained personnel in the retail industry, Future Group also entered the retail education sector in 2009 with Future Innoversity, as part of its Future Learning initiative.

Retail forms the core business activity of Future Group. Its chain of retail stores named Big Bazaar is already a big name in the retail world. Future Innoversity is offering specialized post-graduate and undergraduate programs viz MBA in Retail and BBA in Retail Services.

Mr. Kurien C K, Dean Academics & Placements, Future Innoversity, while talking to MBAUniverse.com, said that this sector offers great opportunity. The scope of the Indian retail market is immense, for this sector is poised for the highest growth over the next few years.

Justifying the boom of the Retail sector, Mr. Kurien C K said, Urban and rural areas are turning into high potential markets with more domestic and international players entering the field and existing ones stepping up their expansion drives. The growth of the Indian economy is manifesting itself in the growing purchasing power of its citizens and this is reflected in the way goods and services are bought and sold.

Observing on how the Retail sector has changed over the years, Mr. Kurien C K mentioned, Modern retailing has entered the retail market in India and is observed in the form of bustling shopping centers, multi-storied malls and the huge complexes that offer shopping, entertainment and food all under one roof.

Stating the scope of the growth pattern of the industry he said, A large young working population with median age of 24 years, nuclear families in urban areas, along with increasing working women population and emerging opportunities in the services sector are going to be the key factors in the growth of the organized retail sector. The growth pattern in organized retailing and in the consumption made by the Indian population will follow a rising graph making this sector the next boom industry.

Taking the Decision
If you are planning your career in the Retail Sector, then an MBA in Retail Sector would give you the opportunity to be an expert in the sector and make you a professional from the Day 1 of your career. But you may think whether to go with specialized MBA in Retail Sector or General MBA. If you are keen on a particular sector, such as Retail and you are sure that this is the area you want to pursue your career in, then you will find it easier to take the decision on whether to go for the specialized MBA or the general MBA.

Addressing the issue of general MBA vs. specialized MBA, Mr. Kurien C K stated, Management skills required for different industries are very different and a general management degree does not develop the student for any particular industry. Today employers are looking for freshers who can be effective from day one instead of spending one to two years learning the ropes of the business before they can start contributing. Also a lot of sectors including retail, logistics, health care, education, construction, etc face a huge dearth of skilled manpower at all levels and therefore there is a strong need for more sector specific specialized management courses for cultivating the required skills.

If you are keen to pursue your MBA in the academic year 2011-13, Future Innoversity is still conducting the admission process for the programs MBA Retail, MBA Supply Chain and BBA Retail Services, Certificate Program in Diploma in Retail and Distance learning program for BBA Retail. The session will commence from July 31, 2011.

Stay tuned to MBAUniverse.com for more news and updates from Future Innoversity.

Typically, when one buys flowers at a grocery store or their local florist, they are buying the flowers retail. Retail bought flowers simply means you are a consumer purchasing on an individual level. This means you do not get a significant price break for buying a large amount of flowers and it also probably means you do not have a license to resell whatever it is that you are buying.

The retailers from whom you purchase your flowers will most likely have bought their flowers wholesale-which basically mean that they were price-reduced for having been purchased in bulk by a retailer with a license to resell them. Typically, this is how it works out. There are, however, exceptions to the rule. Nowadays, many wholesalers are choosing to sell directly to the public by cutting out the middlemen, or, the retailers.

So what is the difference between flowers that are bought wholesale and flowers that are bought retail? There are three significant differences. The first significant difference is of course the price. Wholesale flowers are typically less expensive because you do not have to pay the middleman, the retailer, for the extra step in the supply chain.

The second significant difference between retail and wholesale flowers is their level of freshness. As you already know, flowers only have a certain amount of time they are alive after they have been cut from their stems. This means that every day that they are separated from their stems is one less day that the customer will have to enjoy their freshness. Retailers purchase from wholesalers which adds somewhere around one to five days longer between the time the flowers are cut and the time the customer gets to enjoy the flowers.

The third significant difference between retail and wholesale flower purchases is the quality of arrangement you will receive. Since retailers specialize in selling to the public, they take great care in the presentation of their bouquets. Usually, their bouquets come arranged in a creative design and more often than not they also include a vase. Wholesale flowers typically are delivered in a box and are not arranged in an artistic bouquet.

While there are undoubtedly pros and cons to purchasing flowers retail and wholesale, nothing can really compare with wholesale fresh flowers as that can extend the life of your bouquet by several days. When customers find an opportunity to purchase their blossoms wholesale, they are smart to seize the opportunity as it is not often that customers are given that option.

Vision Express, the 50-50 Joint Venture between Reliance Retail and Pearle Europe, expands its base nationally on the occasion of its first anniversary, by foraying into Mumbai. The opening of the first Vision Express store in Mumbai is in sync with the brand’s aggressive retail expansion strategy which has helped Vision Express establish a formidable presence with 41 stores across 18 cities in the country within the first year of its operations. The Mumbai outlet is the 41st Vision Express outlet store in the country and reiterates the reputation of Vision Express as one of the fastest growing eyewear retail chains in the country.

Having embarked on the retail journey in December 2008, Vision Express has been changing the landscape of the eyewear retail industry in India by opening world-class optical stores across the country. Within a short period of time, the company has established a sizeable geographic presence and introduced unique services, stylish international products and exacting quality standards, at very sharp prices unparalleled in India’s eyewear industry. The Mumbai foray in collaboration with Reliance Retail is part of an overall aggressive expansion strategy by the format which will see wide-spread expansion in terms of cities and number of stores in existing cities in its aim to achieve numero uno optical retail chain in the country.

On the occasion of the launch, Mr. Guillame Brouwet, CEO, Vision Express said, “We are proud to complete a great and successful year of our presence in India. The phenomenal customer response to our stores has helped us bring the best of optical retail experience to the Indian consumers through our network of 41 stores across 18 cities within the first year of our operations. With the thought of extending the unique Vision Express experience further, on our first anniversary in India we have launched our first store in Mumbai and will expand to several new geographies in the months ahead. Through our ever expanding network we promise to bring international quality and several first-of-its-kind essential and compelling services at very competitive prices to the Indian consumers.”

The new store is located at Shop No. UG 33A, Next to Westside, Korum Mall, Near Cadbury Compund,Thane (West) – 400 606, Thane, Mumbai along with several other Reliance Retail outlets. Like all other Vision Express outlets this outlet too will offer a wide variety of fashionable and trendy optical products at affordable prices. Vision Express, Europe’s largest optical retail chain will present its global optical retail expertise through this store to the consumers in Thane and surrounding areas. With its experience in more than 25 countries, Vision Express aims to provide shoppers across India a never before experienced shopping delight through the expanding network of Vision Express stores. The core of Vision Express, “We see it your way” reflects the brand’s mission to optimize customer experience and satisfaction.

With Reliance Industries as their supporting partner the Vision Express store launch in Thane will be supplemented by special 1st anniversary celebrations targeted at bringing additional benefits to the consumers including its highly popular free eye test for all customers. The free eye test at Vision Express is a complete 11 step eye test that includes a special eye pressure check. This is a unique process, certified by LV Prasad Eye Institute. Post the eye test, vision experts at Vision Express will help customers select the right products for their eye care needs. This apart, the new store has also introduced a special inaugural offer that entitles customers to 25% 0ff on frames and sunglasses.

Apart from free eye test, Vision Express also offers express service for spectacles with single vision standard lenses, and other services like free cleaning of glasses and repairs for all customers. Its strategic association with L V Prasad Eye Institute, a world class eye institute ensures all Vision Express staff undergoes rigorous training in eye care and thereby offer excellent customer service.

Whether you are building a new retail space or you want to improve your pre-existing space, retail architects can help. You will need to pay close attention to what each of the architectural firms can offer to ensure you are able to get what you want within your budget. There are many ways in which you can benefit from an architect but its important to that you look at the firms and what they have been able to do for previous clients in the past.
1.Environmentally responsible. You need to think about being environmentally responsible when you hire retail architects. There are more buildings going up that consider green architecture and you want to have the same features to be able to compete with the others in your area. Various green design elements can be added to improve your retail space but you want to find out what the architects recommend for you.

2.Adaptive reuse. You may have a building already but its not in the shape you want it to be in. With retail architects working with you, they can help you transform the space to what you want. This includes adding interior and exterior design elements to rebuild the space into the retail space that fits your needs. Not only will this allow you to reuse the building but it will save you money in doing so.

3.Unique design. When you want a unique design to attract more people, retail architects are going to help you. Take a look at designs they have done in the past to see if they are capable of thinking outside the box. If every previous retail space looks like the one before it, you may not have found the right firm to work with you yet. Instead, take the time to look for a firm that is well known for their creativity because youll get better results.

4.Better branding. Some of your building should say something about who you are and what you do. You can brand yourself in the community more effectively with the right retail space. Retail architects should be able to learn about your business and make recommendations on what will help you achieve the right look to brand yourself effectively. This way every time someone drives by, they will know exactly the building theyre looking at and associate it with you.

5.Ahead of schedule. Another way to improve your space and your reputation is to choose an architect that will deliver your order on time or before. There are many architects that have a habit of being ahead of schedule, which can work to your advantage. To ensure you find the right firm, a little research should be done either online or with the local Better Business Bureau.
Creating a retail space is something that you need to do. What it looks like and how it captures your essence is going to be directly related to the retail architects you hire for the job.

Windows 7 has offered about one hundred fifty million copies because it was very first introduced out into the marketplace in October 2009 at a staggering charge of 7 copies each and every 2nd. This is a historical figure in terms of the velocity at which copies of the Windows working technique has been sold. The rate at which Windows 7 copies are acquiring bought is not only phenomenal simply because of it acquiring offered a good deal more quickly than any past versions of Windows which includes XP but is also amazing as the very last Windows model i.e. Vista was a large catastrophe. Quite a few critics had talked about that Microsoft may possibly locate it challenging to carry back the trust of computer users immediately after their popularity was hampered by Vista. But Microsoft has proved all critics improper and reiterated the simple fact that Windows are there to continue to be and going to get much better each time. Here are a handful of factors on how Windows 7 is greater than Widows Vista:

1. Enhanced Speed and Performance: Just before Windows 7 just about every new Windows operating program launched by Microsoft wanted much more hardware requirement in order to run easily and more quickly than the prior variations. But it has surely modified with Windows 7 as it supplies far much better velocity and overall performance than Vista with the identical hardware configurations. From my particular encounter, I would say that it often performs even far better than Windows XP particularly in terms of Windows get started time and a couple of applications.ns.

2. A cleaner and graphically enhanced interface: Windows 7 is a great deal much less cluttered compared to Vista particularly in the activity bar and method tray icons and the potential to use themes. You can download and install any windows 7 home premium edition retail license key with just the click on of the mouse in a handful of second to make your personal computer display glimpse a good deal much better.

3. Less bundled applications: Microsoft has also listened to feedback of Windows customers and critics and eliminated many of the bundled objects like as Messenger, Movie Maker, Live Writer and so on. Several individuals hardly use them and so there is no use of bundling them with the Working system as was the situation with Windows Vista. But now Microsoft has place them separately for download in their individual web site as an alternative of bundling them so that customers who want it can download them free of charge from the Microsoft website. You an also download Microsoft safety application named Microsoft Safety Essentials and several Windows 7 Themes no cost of price from the Microsoft web page.

In my opinion windows 7 home premium edition retail license key is the finest operating method ever brought out by Microsoft. It is undoubtedly greater than Vista in practically all facets and I would even say it is even far better than Windows XP even though a lot of may possibly deny. Windows XP may well be a bit quicker than Windows 7 but then there are a good deal far more characteristics in Windows 7 in contrast to XP. My last words – Go for it if you are not utilizing it by now.

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