In retail business, stocking inventory from big brands and selling to the consumers constitutes the main line of business activity. This is especially true of the Consumer Electronics Industry in India. Post the sale, the installation, demonstration of the purchased item is the responsibility of the Brand, which has its[…]
If you want to know how to sell more, you better know why customers buy – Steve Ferrante. Retail Gurkul recently conducted a Retail Selling Skills Workshop for Sales Personnel. Selling skills is an important skill set for any person, more so, for a person whose job is to sell.[…]
The role of the Inventory Manager who is responsible for the Retail Inventory Management, has for long been one of the most important jobs in a retail store. So, do you have a Retail Inventory Manager? Whose job is it anyway: – The owner typically does the purchasing, because, he[…]
Retail Inventory Management ought to be the No. 1 reason for profit or loss for the retailer. Don’t you agree? If Inventory is “money” sitting around in another form, then, why should inventory sit idle? Will you let your hard-earned money sit idle in your bank account? After all whose[…]
Your ultimate Personal Guide to your Retail Gurukul. This is your ultimate Personal Guide to your Retail Gurukul. A Guru or a guide, I wish I had when I wanted it, sometimes knowingly, sometimes unknowingly. A teacher of some sort to talk to, discuss or just listen to a different[…]
“One of the great responsibilities that I have is to manage my (inventory) assets wisely, so that they create value.” Alice Walton – Walmart -which redefined Retail Inventory Management In our experience of working with multiple retailers across India and Dubai, a common question asked is “What are the benefits[…]
This is the second part of two series on – How to Motivate Your Employees. Click here for part one! In the previous article, I had some basic suggestions for motivating your retail employees. Now, let’s go to the next level. Make the celebration a grand event by conducting[…]
It’s been a tough season for retail business, though things have started to get back to normal. Some of you might have heard of The Retail Employee Day. It is officially celebrated on 12 Dec every year. As I had mentioned in my previous posts, a number of progressive retailers[…]