There are some fundamental factors that has brought the major change in retailing industry today: Changing Income Profiles: Steady economic growth fuelled the increase in disposable income in India. Changes in Consumption patterns: Occupational changes and expansion of media have caused a significant change in the way the consumer lives and spends his money.The changes [...]
Reasons for slow growth in retail:
1. Retail not being recognized as an industry in India
– Hampering the availability of finance to existing and new players
– Hence affecting growth and expansion plans
2. High costs of real estate
– Lease or rent of property is major area of expenditure
– This [...]
Retail Planning and Forecasting allows retailer to create, modify and track their financial, assortment and promotional plans for each channel and communicate changes to marketplace.
Planning and Forecasting includes everything a retailer need to predict and respond to changes:
Demand Forecasting—Keep it simple and accurate. Predict demand at any combination of product and location nodes.
Multi-Channel [...]
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