Retail Management

Retail Management Assignment (10*2.5 Marks)- Soft Copy format for the Non- Presentation Students!!!

1. One of the fastest growing sectors of population is over the 60- Age Group. But these customers may have a limitation in their vision, hearing and movement. How can the Retailers develop the store designs with the older population in their minds?

2. Simple examination of the Markdowns could lead us to believe that they should be only taken when a Retailer wants to get rid of the merchandise that is not selling. What are all the other reasons the Retailers have to take the Markdowns specifically in Retail Management?

3. Assume that you have been hired to consult with “The Gap”(Brand) on sourcing decision for the sportswear. What are the issues you shall consider while deciding whether you should buy from the choice of countries like the Mexico, China or find a source within the USA?

4. Define the following Terms:- 1. 80-20 Principle 2. Stock –to- Sales Ratio 3. Budgeting and Forecasting 4. CPFR(Collaboration, Planning, Forecasting, Replenishment ) 5. Fashion Vs Staple Merchandise Buying system?

5. Variety, Assortment and Product Availability are the cornerstone of the Assortments planning process? Provide examples of the retailers that have done an outstanding job of positioning their stores on one or more of these issues?

6. Explain how the QR (Quick Response) system can increase the level product availability in Retail Business and decrease the inventory investment?

7. Explain the Following Terms:- 1. EDI 2. ERP Software 3. POP & POS 4. SKU & UPC 5. Cross Docking & Scrambled Merchandising?

8. You have been promoted in a Retail Management Brand Operation –“A General Merchandising Grocery Store” as a Manager. Your Assistant Managers are An African-American Male, a Hispanic Male, A White Female and a female who has worked with the company for 35- Years. What are the strengths of your Management as a group and what are...