In: Business and Management. Store Evaluation — EasyDay, Bhiwani, Haryana Store layout, design, visual merchandising and space management techniques implemented by this store are very effective Store layout- Grid type. Freestanding Display- to attract people. End Cap- for high margin products 3.
Store Design and Visual Merchandising
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We have looked at different types of retailers, and their shared objectives, of achieving a profit ,by practising the art of arbitrage. That is by purchasing and subsequently selling a product or commodity to profit from a difference in the price. We have learnt how the Buying and merchandising teams forecast and purchase stock, how the planning process works, how product is sourced, what is meant by direct imports, and the advantages and disadvantages of sourcing from different places. We have defined terms such as product mix, margin, range planning, and profit targets. We have looked at why discounting happens.
Research Paper on Retail Industry
When people hear visual merchandising, they typically get nervous and uneasy. They know it's an important retail term, but not sure exactly what it is or how to do it well. It can create uncertainty about where to start. But here are the five most important elements of visual merchandising.
Although the retail industry is transforming as technology continues to shape the consumer landscape, the primary goals of a sound retail strategy have not changed: Deliver value in the supply chain and create a unique customer experience. One way to do this is to design a digital and physical retail environment that captures the overtaxed attention of consumers today. Use the navigation guide on the left to find a collection of essential retail floor plans and discover the pros and cons of each. A retail store layout whether physical or digital is the strategic use of space to influence the customer experience. How customers interact with your merchandise affects their purchase behavior.