Tag Archives: Retail

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.

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Food Retail Market Analysis, Development, Growth and Demand Forecast to 2020 by P&S Market Research

In reference to growing fashion of hypermarkets and supermarkets, the retailers have started using big data to understand the needs of consumers by providing answers to their questions. Hypermarket and supermarket retailers assist consumers in deciding the item to buy by telling them about the quality and benefits of the items with the help of trained personnel at the stores. At these foods retail markets, food products and items are available in large quantities and at cheaper prices.

Additionally, large food market retailers can afford to offer huge discounts to sell off their stocked items at reasonable prices and are therefore driving the growth of food retail market.

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Based on distribution channel, global food retail market can be divided into convenience food stores, hypermarkets and supermarkets, specialists and independent retailers, and others.

Global food retail market is tremendously contributing in the growth of several other industries such as food packaging and food processing industries. These industries are responsible for creating jobs and generating employment at a large scale. Large food retailers usually offer their own brands along with well established brands. Governments of different countries have taken various measures to ensure food safety and hygiene of food products; these are some reasons fueling the growth of food retail market.

Some of the major factors that are driving the growth of global food retail market include growing consumer preference for private label brands, growing supermarket shopping culture and increasing consumers spending on food products.

The demand for high quality food packaging and food retailing services, easy to use products, freshness and food safety assurance are some of the trends that can be seen in the global food retail market.

Rapidly increasing middle-class population in the emerging markets and expanding online grocery retail shopping are the factors laying opportunities for the growth of global food retail market.

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Lack of proper upstream and downstream supply chain distribution system in emerging countries, high inflation, lack of widespread retail markets, quality control and unauthorized food retailers; are the factors creating hindrances to the growth of global food retail market.

Geographically, Asia Pacific dominated the global food retail market in 2014; it is then followed by Europe. Growth of food retail market in Asia Pacific region is attributed to growing consumer awareness, nuclear families, increasing per capita income and increasing western culture. China and India are the most populous countries of Asia Pacific region, small and local retailers are dominating the food retail market in these countries. Europe is the second largest food retail market. It has large number of branded retail stores and shops such as Tesco, Carrefour, Aldi and Auchan.

Some of the major competitors for the global food retail market include Costco Wholesale Corporation, Wal-Mart Stores Inc., AEON CO., LTD., The Kroger Company, Carrefour SA, Seven & i Holdings Co., Ltd., Groupe Auchan, Metro AG.

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Emerging Opportunities in Retail Analytics Market with Current Trends Analysis

Over the recent years, big data analytics market has seen tremendous growth in various industries. It has helped businesses uncover several potential prospect by understanding customer’s preferences and market trends. Retail analytics market is a sub-set of big data analytics market. Retail analytics aids in information gathering and assessment of data across the entire value chain. Primarily focusing on the retail sector, retail analytics solution offer retailers in understanding and responding to changing customer experience. In addition, retail analytics improves businesses by provides new and faster ways to identify product and channel preferences, understand inventory demands in real time and serve consumers in a better way, thus ensuring the operation is more flexible and efficient. Customer’s information can be gathered in real-time through various mediums such as smartphones, weight sensors, motion sensors, cameras, and RFID, whether it may be online or in-store.

Retail Analytics Market: Segmentation
Retail analytics market is segmented on the basis of deployment model, solution type and region. By deployment model, retail analytics market can be segmented into on-premise and cloud-based. On the basis of solution type, the retail analytics can be segmented into software and services. Services can be further sub-segmented into consulting, integration and support and maintenance. Regionally, retail analytics market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan.

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Retail Analytics Market: Regional Outlook
Retail analytics market is expected to witness a healthy CAGR during the projected period due to increasing popularity of data analytics solution and penetration of smartphones and digital platforms among users across emerging markets. North America is the dominating region in retail analytics market and is expected to remain dominant followed by Western Europe during the forecast period. APEJ is expected to reflect highest CAGR during the forecast period.

Retail Analytics Market: Drivers
With big data analytics gaining popular among other sectors and continuous development of data analytics by major vendors are expected to drive the growth of retail analytics market. In addition, the simplicity, cost-effective, scalability and flexibility solution that retail analytics vendor offer is expected to boost the growth of the retail analytics market. In addition, the increasing penetration of e-commerce and social media and smartphones among users in emerging markets is anticipated to boost the growth of retail analytics market. However, the lack of awareness in certain regions is expected to hinder the growth of retail analytics market amidst the forecast period 2015-2025.

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Retail Analytics Market: Key Players
The key vendors in the retail analytics market include IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Adobe Systems Incorporated, SAS Institute Inc., HCL Technologies Ltd., Cisco Systems Inc., Micro Strategy, Inc. and Tableau Software, Inc. Major players in the retail analytics market follow the strategy of partnerships and acquisition of various local player to gain a competitive edgein the market. In addition, the major players offer customized solutions to cater to the demand of various users.

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Current and Projected Data-Driven Retail Solution Market size in terms of volume and value 2015-2025 by FMI Estimate

Global Data-Driven Retail Solution Market: Overview
Data-driven retail solution helps retailers to identify and understand consumer by collecting customer’s information such as profile attributes, mode of transaction and behavior etc., from customer relationship management, point-of-sale, e-commerce, navigation logs and social media such as Facebook, Twitter and Pinterest etc. It automates the industry insights about loyal customer, purchases behaviors, audience behaviors, customer segments, and customer journey by analyzing the collected customer information. Data-driven retail solutions enable retailers to integrate their marketing strategies or program with the data-driven solution in order to personalize the purchase experience, engage with each customer specifically, and simplify the purchase process. Data-driven solution’s multi-funnel tracking feature provides easy and actionable sales analytics dashboards which enable retailers to improve the efficiency and coordination of multi-funnel strategy and multi-channel respectively.

Global Data-Driven Retail Solution Market: Segmentation
Global Data-Driven Retail Solution market is classified into solution, deployment model, service, and region.The global data-driven retail solution market can be segmented on the basis of solution which includes retail customer intelligence, media intelligence, customer relationship management, collaboration tools and other solutions. Deployment model includes on-premise and cloud-based. On the basis of service the market can be segmented into consulting, implementation service and integration. Region wise, global data-driven retail solution market is segmented into North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific Excluding Japan (APEJ), and Middle East and Africa (MEA). At present, North America is dominating the market followed by Western Europe. Among all the regions, APEJ is expected to create huge market opportunity for major players operating in the data-driven retail market during the forecast period.

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Global Data-Driven Retail Solution Market: Drivers
The global data-driven retail solution market is majorly driven by the increased awareness among retailers regarding the benefits of implementation of cloud-based customer & market intelligence solutions and services for business operations. Cloud-based solutions and services enable retailer to manage and control the cost associated with the IT infrastructure. In addition, increasing popularity of software as a service (Saas), cloud computing and big-data analytics in order to improve business operations, sped up information retrieval, and facilitate work are projected to increase the demand for data-driven solution in retail sector across globe.

Global Data-Driven Retail Solution Market: Restraints
While studying the data-driven retail solution market we came across some of the restraints that are limiting the digitization of retail sector worldwide. Some of them are lack of awareness across the sector especially in emerging markets such as India, China, Brazil and Argentina, regarding adoption of digital retail solutions and services for enhancing business operations and high initial cost associated with the implementation of these solutions and services are hindering the growth of data-driven retail solution market.

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Global Data-Driven Retail Solution Market: Competitive Landscape
Key players in the global data-driven retail solution market focus on strategic alliances with industry experts in order to improve their offerings and strengthen position in digital customer identity management field. For example, Silentale signed a partnership agreement with Gigya Inc. in order to enhance its social media capabilities by integrating the digital platforms of Silentale and Gigya.

Global Data-Driven Retail Solution Market: Key Players
Some of the major players identified in the global data-driven retail solution market are Tata Consultancy Services Limited, Oracle Corporation, Microsoft Corporation, Neustar Inc., Infogroup, and Silentale etc.

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A Quick Look At Retail Industry

Retail industry serves changing needs of the consumers by offering wide range of products at convenient place for the customers. Retail outlet is a place from where buyer can purchase anything for direct consumption. According to market research reports U.S. is leading the global retail industry. Some largest retail chains in global market are Wal-Mart, Tesco, Carrefour, and Metro AG. Retail industry had created number of employment opportunities like supply chain management jobs, sales executives, operations management, store managers and merchandise planners.
In today’s competitive scenario retail industry is trying to upgrade their operation systems for sustainable growth in the market. Gone are those days when retailers use to grow by opening new stores, add new product line in the stores. Nowadays to sustain in the market retailers should satisfy the needs and wants of the customers and adapt new trends in the market. Through research reports it is determined that the value of Indian retail market will increase from $ 330 billion in 2007 to $ 640 billion by 2015. Though India has largest number of retail outlets in world only 4% of it performs organized retail. According to analysts there will be near about 25% of organized retail be performed by 2018. Retail industry market reports have highlighted that in coming years the growth rate of this sector will be 9% per annum.

The leading retail organizations in India are Reliance Retail, Future Group, Raheja Group, Ebony Retail Holdings and RPG Retail. There is lot of scope for retail business in all the sectors including urban and rural. Government is also encouraging FDI in this segment. Thus retailers are enthusiastic to step in this market. The most significant tie up that took place in Indian retail sector is between Wal-Mart and Bharti Enterprises. PVR Limited also tied up with Starbucks. Such merger and acquisitions in this sector created more than 2.5 million employment opportunities by 2010.
To be sales executive in this sector there no need of any degree one should have good communication skill and product knowledge. For graduates higher level jobs are available with higher responsibilities and pay. For senior executive positions MBA’s with specialization in retail are preferred and they are paid up to Rs. 60 lakhs. Rapid appraisal is possible in this sector if you have that ability and talent. One should be multi-skilled, have high intellectual, excellent communication skill and should be very dynamic to get appraisal as per their desire. Several educational institutes are offering special courses related to employment opportunities in retail sector like retail marketing, MBA with retail specialization. Retail sector emerged as a boon for Indian economy it generated several development opportunities in rural and urban area and created employment opportunities of several people.

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Retail Software in India – The Absolute Need of All Retail Businesses

It is obvious to everyone that the retail industry is growing at breakneck speeds all over the world. In developing countries, the charge is being led by India, where retail stores are getting bigger and better each passing day. Retail software in India is becoming an absolute necessity to keep pace with the growing demands of the industry and to manage the rapid growth in this market effectively.
Organized retailing is becoming the need of the hour as major retail businesses are finding ways and means of coping up with the tremendous buying power of the new generation of professionals. As competition stiffens, medium and even small retailers are waking up to the fact that complacency in the matter can drown them for good. Retail software in India is becoming a priority for all retail businesses that are looking to ride on wave of this huge retail boom.
Conventional point-of sales systems have long become obsolete as they have their limitations. In fact many retailers have done away with such systems long back and are experimenting with retail solutions in India to have a better control over sales and inventory. Software solution providers are also waking up to the need of this segment to have better, user-friendly systems to help them get a grip on the situation.
Retail software in India can help retailers enjoy various benefits. One of the best advantages comes from having better inventory control. Retail ERP systems haves features that allow retailers of both medium and large sized stores to manage their inventory and customer service. The best retail software has functionality that allows retailers to keep many aspects of their retail business under control.
With the right type of software, taking decisions becomes easier especially when it comes to identifying the fast moving retail products and how much of stock should be maintained to retain good control over inventory positions. It is also crucial to deploy the right software so that retailers can improve the quality of business management and also maximize the efficiency of customer service.
One important driver of retail software in India is that every retailer, big or small wants to have information to enable him to make the decisions that help him have the right products available at the right prices and the right places. Research into various aspects of the retail industry reveals that proper adoption of the correct technology can attract new customers, enhance profitability and improve overall quality of business management.
In retail sectors where the scale of operation is high and involves multiple levels of control and sale points, automated processes can help in a major way. Not only does it eliminate the manual way of doing computing tasks completely, it also minimizes the chances of errors creeping into the records considerably. Efficiency levels increases to optimum levels as real time availability of information helps retail companies make better and informed decisions.
A major advantage is the ability of retail software to track down customer information at will. This can help retailers offer customized services to their loyal clients, the best way a retailer can acknowledge the importance of a customer.

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Retail Jobs: What Can Help You Determine If Retail Work Is For You Or Not

Retail jobs can be very rewarding if you are truly serious about the kind of work that retail jobs entail. When you are looking for retail job opportunities you want to find ways to explain what your long-term career goals are as well as what your short-term goals are. Being in retail doesn’t require you to settle for an unfulfilling career. If having a job in retail is something you feel would be for filling, then you will surely have ways of measuring what you want now and in the future. If your goal is to grow with the company, then make sure you explain this when applying for an opportunity.

Explain what your short-term goals are in order to help a particular company understand how you will help them right now. All of these things are important, and you can begin looking for various retail job opportunities, which will meet those short-term and long-term goals right now. You can register with employment911.com/jobs/job-listings-expired.aspx?k=Retail. Here you will be able to find all types of jobs, which will help you to meet those long-term, and short-term career goals.

When you are looking for retail job postings you want to know what aspects are most important for you in a particular job. Are you interested in working in a retail job where you will not be directly involved in the sales process? Many people want to get into retail because they enjoy the hands on approach and they enjoy telling people about products and/or services. Then you have other types of retail jobs, which will not put you into much direct contact with the public. It is very important for you to think about which aspect you feel would be best suited for you, and then apply only to those retail job postings that fit.

Even though retail jobs can be rewarding for those who are truly serious about it, there will still be difficult aspects you will have to deal with from time to time. There will be several times in retail where you will become frustrated or have bad days. You can help yourself now by determining what difficult aspects of retail you have a hard time dealing with. Do not see it as a bad thing to explain these things when you’re applying for this type of work. Maybe the prospective employer can help you find ways to cope with these difficult aspects. Often times various people in the company may experience some of the same frustrations as you do.

In retail finding ways to constantly keep yourself motivated in order to get through the difficult times is extremely important. Certain types of retail jobs will be way more demanding than others. You must remember that the retail industry is a very competitive industry. When you decide to use employment911.com/jobs/job-listings-expired.aspx?k=Retail to look for postings you may want to take note of what type of companies you might be working for. If you feel as if the job would be too demanding you can always decide to go for a company that will not put too many expectations on you too soon.

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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.

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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

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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.

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