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Recap-Retail  “Retail involves a business or person that sells goods to the consumer. A wholesaler sells to a business.” Types of store Physical Online.

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Presentation on theme: "Recap-Retail  “Retail involves a business or person that sells goods to the consumer. A wholesaler sells to a business.” Types of store Physical Online."— Presentation transcript:

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3 Recap-Retail  “Retail involves a business or person that sells goods to the consumer. A wholesaler sells to a business.” Types of store Physical Online (eRetailing) Online (eRetailing)

4 Today we will be covering  Sub-sectors  Size  Location  Ownership  Format  How do the above terms relate to retail?

5 Retail involves Size (Small 0-50, Medium , Large 250+) Size (Small 0-50, Medium , Large 250+) Channels Ownership Independent, Multiple, Franchise) Ownership Independent, Multiple, Franchise) Location (Local, Regional, National, Online) Location (Local, Regional, National, Online)

6 Sub-sector  Retail sub sectors are the different categories of product types.  Sub sectors of a main business, say a car dealership, might be (1) car sales, (2) car maintenance, (3) parts & spares  What sub-sectors do Tesco have? What ‘groups’ of products do the sell?

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8 Sub Sectors  Sub Sectors Product-related ‘sub-divisions’ of the retail industry, e.g. clothing, electrical goods, food and grocery, footwear, DIY, music and video, Insurance etc Tesco has many sub-sectors within their supermarkets and company as a whole. The sub-sectors of Tesco could be: Fruit and Veg, Dairy, Electrical, Gaming, Entertainment, Hair and Beauty Household, Bank, Insurance

9 Size SMALL 0-49 MEDIUM LARGE 250+ SMALL 0-49 MEDIUM LARGE 250+ The size of a business is usually catagorised by the number of employees within the company.

10 Retail Format  This is the general nature of the retail mix in terms of range of products and services, pricing policy, promotional programmes, operating style or store design and visual merchandising.  Independent  Department store (John Lewis, Debenhams)  Supermarket (Tesco, Morrison's)  Hypermarket (Sports Direct, Tesco, Asda)  Shopping centre's (Westfield's)  Wholesalers (Cosco)  E-retailing

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12 TASK; Which of the below is a Producer, Wholesaler or Retailer?  A retail store sells individual items directly to the consumer. A wholesaler sells to a retailer, often bulk items at a reduced cost.

13 Ownership  Independent  Multiple retailers are businesses with more than ten branches  Franchise Which company matches the correct ownership?

14 Franchise  Franchised retailers are granted selling rights in a geographical area. The franchisee pays a fee based on sales or an annual rent to the franchisor to operate their business model.

15 Against the clock You have 5 minutes in groups (against the sand timer!) to list: What is retailing? What is a retail format? Size? Now feedback to the class

16 Pick three organisations and apply your knowledge. Size Format Ownership Sub-sectors

17 Task- P1  Describe the sub-sector, channels, format, size, ownership and location of two retail businesses operating in different sub-sectors. (P1)


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