Impact Of Retail Display And Store Design On Buying Decisions

A retail display is a merchandising display that attractively showcase shop inventory or featured products. An immense number of products in the retail market are competing for attention. And the offer of new brands seems to increase day by day. It’s good to know that at least 60% of purchases are decided right in the store, according to statistics provided by POPAI (Point of Purchase Association International). Take the right steps to make some profits and don’t leave conversions to chance.

Custom retail displays are clever investment to make when aiming at featuring your product and rising your margins. Creative retail display design is requisite in a successful retail store. These retail fixtures draw attention in a competitive retail store floor and can be designed to target your ideal customer base. Whether or not a customer decides to buy your item, it depends largely on the style your product is displayed.

Great store design is not only about matching colors and materials harmoniously and using elegant lighting solutions to reinforce a recognizable store branding. Deployment of the optimal display type with appropriate choices of size, shape, material and color can be the single most determining factor for driving purchase conversion.

Additionally, retail displays can be designed to optimize the amount of merchandise to be displayed on a given limited floor space. Retail space is rare and precious — make sure to get the most of each square foot.

An area of overall aesthetic store design will make people feel comfortable to stay and pay more attention compared to areas of very simple inventory presentation, where they just stop by to buy things they need from their list. This is because consumers unconsciously tend to search for environments that creates positive mood and invites them to stay.

Right choice of retail display and retail space design will help store owners to differentiate from other stores and persuade shoppers to come in, stay longer and come back. A store without smart retail display positioning and a highlighted store theme, will be automatically associated with a cheap items shop and won’t be able to drive high margin sales for brand products.

For the manufacturer the purpose of using a uniform retail display design for all stores is to strengthen the unified company message. It has an immense effect on brand recognition — even if your product range changes from time to time, the branded retail display still attracts shoppers to see what’s new on offer from your company. Custom retail display is actually the only practical way manufacturers have, to control about how their products will be perceived in many different distribution outlets.

Most of buying decisions are made at the point of sale. So the most important factors are location, store and display design which will decide whether or not your products get noticed and your efforts will secure ROI. If well designed and optimally placed in the retail space, custom retail displays show improved results on your bottom line profits. A tailored retail display for your brand is a safe investment to boost your profits in a competitive market.

Onine Retail Answering Service

You know you need to hire an outside online retail answering service when your own answering service, which provides support for your Web site sales, isn’t providing the speed or range of services you need. You have a dandy Web site, which lets your customers buy directly online or through a phone call. Your CSRs know your business, but the organization of your answering service isn’t up to the complex response that your Web site requires. An online retail answering service can perform many tasks, each requiring experience and training you might not be willing or able to provide.

There are many services that an online retail answering service can provide to supplement even a sophisticated E-commerce Web site, among them special event registration, dealer location and referrals, order-taking and tracking, and multiple forms of customer interaction.

Special Event Registration and the Online Retail Answering Service

The logistics of booking and confirming a special event require confirmation calls or letters and registration packets. The online retail answering service carries these logistical balls across the goal line – the successful special event, seminar, or class. The online retail answering service solves the logistical problems and guest confirmation details involved with event registration.

Dealer Location and Referrals and the Online Retail Answering Service

The online retail answering service can transfer customers looking for a referral to a dealer in your area and line of work. A superior online retail answering service can even transfer calls live.

Let the Online Retail Answering Service Take Your Order!

The online retail answering service can do a lot more than just take a caller’s order. Well-trained CSRs can precisely track advertising responses, as well as do literature fulfillment, inventory control, catalog order fulfillment, and credit-card transaction processing. A good online retail answering service can also steer callers to different or more profitable products.

The Full Suite of Online Retail Answering Services

The fully equipped online retail answering service can also manage customer interactions through chat, email, and telephone web integration. Taken together, these services are daunting to implement on your own; through an outside online retail answering service, they’re a breeze!

Your Own Online Retail Answering Service

If your needs are still simple, you may prefer to have your own online retail answering service. Your own online retail answering service, one like 1-800 We Answer, will have some or all of the features of the outside online retail answering service.

The online retail answering service lets CSRs analyze calls from individuals who have seen your Web site and have specific needs that aren’t outlined there, such as questions about differences among products and the suitability of a specific product to their needs. You can then start to supplement the core functions of the online retail answering service with some of the subtleties listed above. The online retail answering service supplements your Web site with skilled purveyors of information that helps your customers buy.

Turning Retail Jobs Into Rewarding Retail Careers

If you have never thought of retail as an area in which you can build a career, then you have simply not given enough thought to the retail world! For every store with a handful of cashiers and stock boys working the floor, there are supervisors, buyers, managers, HR people, accountants, and more. The lists of people who support a retail store are huge, and not all of them are jobs that sit at the bottom of the food chain.

Looking for a retail career means looking for something in retail that interests you. If you have a particular hobby, like math, then you may find that an accounting or bookkeeping career at a retail store is ideal for you. In fact, if you are interested in a particular type of object, activity, or field, then you may already know the ideal store for you.

If you know where you would like to work but do not yet have the education to apply for a job in an executive type of position, then consider applying for a job as a retail store clerk at that store instead. Deal with customer service, work as a cashier, or otherwise spend your employment hours at the store of your choice for later in life. This has several benefits.

One benefit of working in a low position at a retail store that you enjoy is that you will be able to earn money to pay for the education that you are probably getting so that you can apply for your dream job. This is an excellent way to get your foot in the door and to start making a little bit of income at the same time, even if the position is not one that you particularly enjoy.

Another great benefit of working at your chosen retail location while you are in school is that it allows the supervisors to notice you early on, and gives you a history with the store. If you apply for an HR position within the company and they see that you have a perfect work record with them already, they may be more willing to take a chance on you and your new degree than on an equally qualified person with whom they have no direct experience.

As you make your way through the ranks you’ll find a number of doors opening. According to your formal education, training, skill, and personal interests, you should be able to find a number of career options including the following:

* Human Resources Managers: Work to solve employee problems, supervise payroll, hire new employees, and plan corporate events

* Buyers: Find the best product options for your store and control inventory

* Merchandisers: Create in-store campaigns, work with buyers to find the best products, and influence the layout of the store to maximize sales

* Loss Prevention Officers: Supervise security, deal with shoplifting problems, come up with creative ways to cut costs, and find problems in paperwork

* Corporate Managers: Make big decisions about the company, come up with new campaign strategies, meet with investors, research customer preferences, price products, oversee all daily operations, and dictate company policy

You may also want to create a career out of the retail industry by opening a store of your own. Being a small business owner can be daunting, but if you have experience in the retail industry, you’ve got a start on preparing to run your own store. Owning a business can be quite rewarding!

Retail is full of career opportunities; however, the popularity of low paying jobs in the retail sector has led people to believe that the only job that you can get in retail is cashiering. This is simply not true, and hard work and drive can actually lead you to a successful and pleasing retail career in your life. Just like any other job, it takes planning, education, and dedication to make a career in retail your reality.

The Importance Of Retail Bank KPI

Retail banking has also faced challenges in the matter of measuring abstract and quantifiable indicators. Performance metrics in retail banking can be done using KPI. The retail bank KPI can be utilized to measure the progress of a certain organization belonging to the retail banking industry. This measure is intended to help retail banks improve their progress towards the achievement of their organizational goals.

What are the key performance indicators of a retail bank?

The KPI in retail banking may include the factors that have links to the performance of a retail bank. There may be several KPI to measure the retail bank’s performance. However, it is important to keep the number of KPI to a minimum and to choose KPI’s that have direct attributes to its performance.

The total cash deposits held in a month and the average annual deposits held can be used as KPI’s, to measure the performance of a retail bank in the matter of attracting deposits from customers.

Other factors that may be considered as KPI’s in retail bank:

1) Average number of depositors per retail bank branch

2) Average withdrawals made by each depositor

3) Ratio of active depositor to dormant depositor

4) Average number of default borrowers in a year

5) Average number of credit cards issued by the retail bank

6) Rate of borrowing risk

7) Rate of default risk

8) Average number of customers served in a day

9) Average number of closed bank accounts

Income, cost, investment returns, interest margin, and company assets are other retail bank KPI’s. Retail banks may have their own system for recognizing KPI. The KPI’s are measurable and quantifiable and must be identified to assess the performance of retail banks.

Certain attributes are also considered to recognize a measurable factor for performance evaluation as KPI. Identifying KPI’s is crucial and must be taken into careful consideration before they can be used as objects for performance measurement. The acronym SMART can be used for identifying KPI’s. KPI’S must be specific, measurable, achievable, relevant and time-bound.

Aside from the aforementioned KPI’s that can be used for performance measure, one of the measurement framework used in financial institutions is the risk-adjusted return on capital.

The risk-adjusted return on capital or RAROC can be utilized to make analysis on risk-adjusted financial performance. It is the ratio of return to capital with adjustment on certain risks involved in the process. As it is known in the financial world, capital invested on high-risk form of investment is likely to yield higher returns than risk-free investments.

RAROC can be used as a retail bank KPI alongside with other indicators.

The retail bank has an exact environment to identify KPI. Normally, banks are organized financial institutions that abide the law in making transactions with depositors, clients, and customers. And normally, the KPI is used to detect problems so the entity can formulate solutions based on the given indicators used to measure its performance.

Top management of retail banks analyze KPI’s to accurately measure the performance. Retail bank KPI;s can be financial or non-financial metrics. There may be involvement of demographics of clients and depositors, rates of turnovers, backgrounds of bank personnel, and technology used.

Houston Retail Space Leasing

Houston retail space leasing can help retail building owners to increase revenue, vendors to increase sales and provide a variety of industry personnel with data and reports to facilitate decision-making and communication. Retail center owners can review rental rates for nearby properties to insure their rental rates are competitive. Vendors to the Houston retail building community can focus their marketing and sales efforts. OConnor & Associates provides comprehensive retail building data for the Houston metropolitan area. This Houston retail building data is used by investors, management companies, brokers, prospective tenants, vendors, appraisers and other industry participants. O’Connor & Associates Houston retail building data is updated quarterly. Retail rental rate and leasing information is obtained directly from owners, management companies and leasing agents.

Benefits of O’Connor & Associates Houston retail building data include:

Retail building owners can increase revenue by increasing rental rates after comparing rental rates for their property with the rental rates for competing Houston area retail buildings. Rental comparables can be targeted based on year of construction, building size, anchored versus non-anchored, and location.;
Investors can increase acquisitions by targeting properties which fit their acquisition criteria. Information regarding both properties which are for sale and those which have sold are available.;
Retail building investment brokers can increase their sales by utilizing the ownership information to contact retail building owners and can also use the statistical data reporting package to perform analysis for clients. Comparable sales data is available for some properties.;
Retail building leasing agents can efficiently identify space which meets a clients requirements. Retail leasing brokers can search by location, rental rate, anchored versus non-anchored, year of construction, building size, location, type of retail property, (strip center versus neighborhood center versus community center versus mall) and many other factors.;
Retail building vendors can use the ownership information to focus their sales effort on the most appropriate retail buildings;
Retail building owners and management companies can use the statistical reporting package to understand and analyze market status and trends. By reviewing both current market trends and construction which is currently underway and proposed, owners can gain insights into probable market trends for the next 12 to 24 months. Historical data for the Houston retail market is available from 1988 for occupancy, rental rate, absorption and many other factors.;
Retail building owners, brokers and management companies can compile data and reports for clients and internal reporting;
Appraisers can use the data for rent comparables and to calculate submarket occupancy, rental rates, rental rate trends, absorption, and review properties proposed and under construction. Appraisers will also benefit from data regarding comparable sales.
Houston area retail buildings are classified by type (strip center, neighborhood center, community center, regional mall and single-tenant).

Features of O’Connor & Associates Houston retail building rental and leasing data include:

Rental rates, occupancy, management company, leasing company and ownership information updated quarterly;
Details on over 20 physical building features such as year built, net rentable area, type of center, etc.;
On-line access to live database;
List of tenants currently at property;
Ownership information including contact person, owner company, phone number, and address;
Management company information including contact person, phone number and address;Historical data since 1999;
Robust options to search for properties. There are over 40 fields of data which can be used to search for targeted properties.;
20 options for reports including a detail sheet for each property, rental rates by property type (strip center, neighborhood center, community center and regional mall), occupancy by type, absorption by type and many additional reports. O’Connor & Associates is receptive to adding report formats of use to multiple users.

Sample reports are available below:

Detail sheet
Rental rates by type
Occupancy rates by type
Absorption by type

OConnor and Associates has provided comprehensive retail building data for Houston since 1988. Our retail building data includes rental rates, occupancy rates, contiguous space available, amenities, ownership information, management company information and extensive details regarding each retail building. Our staff can also provide retail building market studies and feasibility studies. In addition, our staff can help you evaluate options for improving performance at a property. Other services include highest and best use analysis, market rent analysis, lease audits, lease abstraction, investment and portfolio analysis, and custom consulting.

Career in Retail Management

The retail industry is one of the fastest emerging sectors of India. Comprising of around 14-15 percent of the total GDP, the retail sector in India is one of the top five retail markets in the world. It is estimated to be around US $ 450billion. Management is a field with diverse functions. Retail Management is one such promising and highly lucrative career option.

There are approximately 4.3 million retail outlets across the country which requires almost 3.25 million employees currently. Thus, it is evident that the job opportunities in this sector are limitless. Retail sector is an emerging market which is vibrant enough to attract a lot of employers and thus provide tremendous opportunities.

This huge growth and expansion of the retail industry will result in the creation of huge demand for professionals. Some of the most promising career options in this field are:

– Store Manager:

A Store Manager is also called the General Manager and Store Director is a person who is responsible for managing the daily operations of a store.

– Sales:

It is the entry level post in the retail industry. But this is one of the most important posts in the sense that sales define the success of a retail store.

– Retail Manager:

It’s the function of a retail manager to coordinate the work of a retail outlet. The major responsibilities of a retail manager are managing the store layout, layout of the merchandise, managing supply etc.

– Visual Merchandizer:

They are those people who give life to the brand. They provide an identity to the product by giving it a face. These people can be a technical designer, product developer and store developer.

– Retail Buyer’s and Merchandisers:

They are responsible for maintaining the right stock of goods in the store outlet. They have to understand the needs of the customers and thus need to be aware of the latest trends of the market.

With such wide varieties of career options, Retail Management is one of the most sought after career options. It offers wide varieties of job opportunities in the supply chains, retail houses and export companies. Retail jobs are available in various departments like retail store operations, customer marketing, category management and retail management. These are some of the most important concepts which have to be understood by any candidate who is trying to make a career in the field of retail management.

There are some courses provided by EduKart.com also. Some of these courses are Certificate course in Retail Management, Certificate course in Category Management and Retail Buying, Certificate Course in Retail Store Operations and certificate course in Customer Marketing. All these courses have been certified by Retailer’s Association of India.

For more details about the courses visit EduKart.com Retail Management Courses

Effective Store and Retail Displays Can Help Increase Sales

When someone travels into a comfort store, they want it to live up to its name and have all available in a place that is suitable for them. Purchaser does not want to walk up and down row after unorganized row searching for something unsophisticated. Using the right type of store displays can increase sales with return customers who panegyrize the ease with which they can shop.
One of the most vital comfort store displays is the refrigerated food case or effective retail displays. This type of product displays allows the owner to showcase whatever wear item they would like their customers to buying on an exclusive day. It can also help promote sales by holding ready-made bags and purses, allowing customers to get in, get their thing and get back to work.
The retail displays is one of the facilitated store displays that is not only advisable, but can add to the species of the store. They are attractive and include comfortable sign holders so that purchaser knows exactly what they are seeing. The broad opening allows them to keep any number of products with easy access for the purchaser.
A freestanding display pause is something that all shop needs in order to have the most versatility with their display cases. These racks can hold anything that produce, and make it easy for purchaser to simply hold whatever it is that they want. These comfort store displays are especially useful because they can be moved around the shop whenever the owner wishes to change the look.
The retail displays may look small, but they can have a strong impact on sales at any shop. This little shoe displays fit nicely next to any store displays and can hold small items such as kid’s shoes, bags and other accessories. This impulsion purchase may not be what the customer came in for, but they will feel that they need it as soon as they see that it is available for them.
When it comes to choosing facility store displays, it is vital to choose a variety of shapes and sizes that will accomplish a variety of purposes. A small shoe display on the counter could lead to more impulsion sales while a simple store displays could help sell far more products during the busy hour. Variety is truly the solution to putting together a great display in any simple store; The Cnsdisplays.com also prevents the variety of products and has provided a broad range of retailers with one of the greatest selections of the most popular merchandise display tools in the industry.

Inspired Retail

Inspired Retail, is based in Newcastle Upon Tyne with sales offices across the North and is the fastest growing “One Stop Shop” in Point Of Sale and Retail Solutions.

We are part of the MBL Solutions Network and as such have been operating in the retail arena for over 12 years.

We provide fully integrated multichannel solutions to the retail, hospitality, beauty, fashion and service industries. Whether you’re looking for EPOS hardware, software, integrated ecommerce, loyalty cards or retail marketing we can help.

Investing in an EPoS system can be a huge decision weather you’re a small store or a large retail chain. However a good EPoS system can save you time and money, increase productivity and assist in growing your business. If used correctly EPoS till systems can pay for themselves within 18 months.

EPoS systems allow you to set up your system to aid your business, a good system can be changed to suit your working environment, you shouldn’t have to change your working environment to suit your system.

An EPoS system allows you to see real time results of how your business is functioning. Tracking inventory in a centralised system enables retailers to make better buying decisions and also decreases inventory shrinkage due to theft and unrecorded sales.

The EPoS system identifies slow stock items, spot sales trends, and use historical data to better forecast your needs. Automatic stock re-ordering triggers can compile and suggest orders when stocks are running low. Many owners who think they know exactly what trends affect them find a few surprises once they have this data from their EPOS system.

The use of hand held stocktaking devices speeds up the stock taking process.

The visually appealing, easy to use, touch screen, EPoS system allows your staff to locate products quickly, with no need to remember item prices. This increases transaction speeds and reduces your customers waiting time. Adding a barcode scanner can further increase transaction speed, simply scan the barcodes and let the EPoS system do the rest.

The EPoS system also allows multiple staff using the same till without any chance of clearing, paying or adding to each other’s orders. This will reduce the amount of units needed and increase staff productivity.

You will be able to free up staff time and reduce paperwork by using your POS system to look after stock takes or reporting.

Integration your ecommerce website and your store(s) with an EPoS system allows you to keep accurate stock levels and provides live updates to manage stock availability. Integrated websites allow you to manage your store and website from any location.

Many small store owners feel they do not have the ability or time to manage an ecommerce website. With an integrated EPoS system products that are added to your inventory can also be added to your website via EPoS. In addition different prices can be set for either your store or website to capitalise on different markets and competitors.

Why not call us today and we will talk you though your options?

0845 226 3212

Retail Point of Sale Software to Inventory Management

Visual Retail Plus offers a retail point of sale software. Our touch screen cash registers and hand held scanners offer our customers simple checkout at the registers. In the back office the scanners aid with easy inventory stocking of products. There are several options with the POS software to handle all your specific needs. Our customers appreciate the different types of couponing capabilities. You can customize your coupons from 2 for 1 sale, percentages, dollar amounts and specific dates; automatic discounts can be applied to purchases over a set amount. You can also determine whether the coupons are applied to all items or just selected item. If you decide to allow double coupons Visual Retail Plus can satisfy your needs with our replace or add coupons on top of coupons. If your customer does not have a coupon but you want to apply a discount VRP as a button called Discount to handle this. Just ring up your sale and select the Discount button. There you can choose a percentage amount, a dollar amount or a new price.

There are many options when it comes to creating and setting up your inventory. You can customize it to the finest detail. Through the Inventory module you can select the Add Item module. There are many options for you to track your products including a Class field, sub-Class field and a sub-sub-Class field. You can create your color palette and scaling sizing to make it easier for the next new item. Because Visual Retail Plus caters to the retail market we know the type of information you are looking to track and our POS software system has the answers.

Once your inventory is stocked and tagged the retail point of sale system is ready to work for you. Purchases are scanned or manually entered into the register. The touch screen makes it so easy to use. Your inventory can be linked to pictures and information of the product. This aids in preventing theft of merchandise. Someone can change tags but they cannot change the picture scanned into system linking it to the product. Our Retail POS software has many security systems built into it, this is just one of many. There is a checklist of accesses so you can customize your end users accessibilities.

Visual Retail Plus POS software offers many options helping our clients to customize their system to fit their needs and requirements.

Setting up the POS software is easy and your store can be up and running and ready for business within hours. You will notice an immediate return on your investment as your business accurately and promptly enterstransactions and with the scanners errors become a thing of the past.

Our touch screen Point of Sale software works for every level of retailer. Whether you own one store or multiple stores in different states; with our back office your inventory is networked to provide an accurate list of items which can be easily transferred to the necessary location. Do the research and choose the right POS software system; you will be glad you did.

The Importance of Inventory Management in Retail

A retail store requires an inventory management system. Before a business owner can open the doors to generate revenue, they must know how they will be managing their products. Inventory management software must be implemented to allow business owners to successfully track and organize inventory. Organization is a key component in running a business. Visual Retail Plus can help you classify your merchandise by using a simple, user-friendly system.
With the complexity of retail operations increasing, systems to manage inventory had to meet the rising demands. The retail industry is one of the largest users of inventory management software. A good system can help show what is selling well and how many to keep in stock. Inventory management software can be used to show what products need to be restocked accordingly. Items are not overstocked and customers do not have to wait for products. Reducing costs is just as essential as gaining revenue and using Visual Retail Plus can result in efficient management of inventory.

Inventory management software makes it easy for companies to maintain control and handle the needs of their customers. A business owner must know the status of the company’s inventory because the requirements that customers have must be met. Although inventory management has always been an important aspect to running a business it has become increasingly important in todays retail industry. Retail stores that are successful must constantly increase their demands. In order for a store to have the products that customers want, maintaining accurate inventory.

Visual Retail Plus provides built in tools to allow planning the replenishment of inventory levels. Increasing the levels of when inventory should be replenished must be maintained by a business. Inventory management software is not a replacement for inventory management procedures. It is however, the tool that will increase efficiency when implemented correctly in combination with a business inventory management strategy. Supply and demand must be fulfilled, and without a plan to oversee inventory levels a business can fail to meet the demand of their consumers.

Inventory management can help companies get the lowest price on products because the company can spend only the money it needs to on orders. Most funds are allocated to inventory in the retail industry, which is why efficiently managing orders can help reduce costs. This also allows businesses to develop a strategy to implement with Inventory management software. With a more productive way of ordering products, consumers can enjoy the benefits of lower costs as well. This makes the customer happy. Inventory management software can keep track of costs from products that have been purchased and can create reports, which show what vendors have the lowest unit cost. Visual Retail Plus’ integrated reports and automatic ordering system can help put your business on the competitive edge by increasing efficiency.