The retail industry is one of the most versatile and economically profitable industries. It accounts for 10% of India’s GDP and 6% of its employment. (Source: IBEF). In America, retail is king, contributing 66% of its GDP. For such a multi-faceted industry with various areas, Retail Training is absolutely essential.[…]
In the previous article, our retail consultant covered four of the top ten reasons for needing a Business plan. Here are the next six reasons. 5. To attract new partners A business requires skill, expertise and efficient leadership apart from cash. Sometimes, you might be in need of collaboration or[…]
A Business is like clockwork; it must run smoothly and efficiently. Like the wheels of the Clock, your business must move noiselessly. To achieve this, what you need is a business plan. What is a Business Plan and why do you need it? Business Plans are documents which describe the[…]
“Retail is all about detail!” Retail business is high-powered, instant sales business, yet it requires a lot of attention to minute back-end aspects. Retail store owners have to battle fierce competition, fluctuating prices, varying tax norms and product updates. In spite of all these odds, they have to sell, sell[…]
Retail Gurukul can help you sell Profitable Platinum too! Retail Gurukul was the Authorised Training Partner for a large International Organisation, for their Annual Training Program, for the 2nd Year in a row. Retail Gurukul Trainers trained the staff of Platinum Jewellery Retailers across India, helping them to understand how[…]
“Self help is the best help!”, goes an old saying and this is true for retail employees! It is always good for retail staff to train themselves for their own future. The IT Industry that is going through tough times is a very good example. In Spite of many avenues[…]
The Indian Retail industry has never been static. The innovation in science and technologies backed up with new marketing strategies has helped retailers to develop from a small brick and mortar store to now supply their merchandise and influence the e-commerce industry. Not only the demand but also the competition[…]
Inventory management is all about buying, storing and managing merchandise. It is crucial for proper functioning of your retail stores, as it can affect your sales, expenses and profits. An inventory management system can help you “earn more” & “save more” money. 6 tested Retail Inventory Management techniques for Retail stores Accurate[…]
Business consultants are professionals who analyze your business and provide consulting to help improve your organization’s productivity. A consultant who specializes in consulting for retail business is often termed as Retail Business Consultant. When should you hire a Retail Business Consultant? Many startups and small retail stores are hesitant to[…]
Nowadays Retail Marketplace has become very competitive as consumers are given infinite choices when making a purchase. Retailers are thereby forced to utilize their customer’s time efficiently failing which it can prove to be a loss or ‘cart abandonment’ for them. Our experts at Retail Gurukul share five best practices[…]