Retail Fri 9.30am by Shala Ahmed

Retail Fri 9.30am by Shala Ahmed https://padlet.com/shala_ahmed/Retail_Fri_9_30am_W9 Week 9 en-us 2017-05-02 23:53:16 UTC 2023-06-14 08:19:52 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Folder.png shala_ahmed https://padlet.com/shala_ahmed/Retail_Fri_9_30am_W9/wish/169563905 2017-05-02 23:56:41 UTC https://padlet.com/shala_ahmed/Retail_Fri_9_30am_W9/wish/169563905 Group 1 shala_ahmed https://padlet.com/shala_ahmed/Retail_Fri_9_30am_W9/wish/169563918 2017-05-02 23:56:51 UTC https://padlet.com/shala_ahmed/Retail_Fri_9_30am_W9/wish/169563918 Group 2 shala_ahmed https://padlet.com/shala_ahmed/Retail_Fri_9_30am_W9/wish/169563922 2017-05-02 23:56:56 UTC https://padlet.com/shala_ahmed/Retail_Fri_9_30am_W9/wish/169563922 Group 3 shala_ahmed https://padlet.com/shala_ahmed/Retail_Fri_9_30am_W9/wish/169563928 2017-05-02 23:56:59 UTC https://padlet.com/shala_ahmed/Retail_Fri_9_30am_W9/wish/169563928 Group 4 shala_ahmed https://padlet.com/shala_ahmed/Retail_Fri_9_30am_W9/wish/169563933 2017-05-02 23:57:04 UTC https://padlet.com/shala_ahmed/Retail_Fri_9_30am_W9/wish/169563933 Group 2 shala_ahmed https://padlet.com/shala_ahmed/Retail_Fri_9_30am_W9/wish/169563940 2017-05-02 23:57:08 UTC https://padlet.com/shala_ahmed/Retail_Fri_9_30am_W9/wish/169563940 Question 1 shala_ahmed https://padlet.com/shala_ahmed/Retail_Fri_9_30am_W9/wish/169564065
1. Using a table what are the advantages & disadvantages of Private Label (Retail) brands and National/International (Supplier) Brands? ]]> 2017-05-02 23:58:27 UTC https://padlet.com/shala_ahmed/Retail_Fri_9_30am_W9/wish/169564065 Question 2 shala_ahmed https://padlet.com/shala_ahmed/Retail_Fri_9_30am_W9/wish/169564084
2. What are some of the Departments & Organisations that a retail buyer interacts with on a frequent basis?]]> 2017-05-02 23:58:40 UTC https://padlet.com/shala_ahmed/Retail_Fri_9_30am_W9/wish/169564084 Question 3 shala_ahmed https://padlet.com/shala_ahmed/Retail_Fri_9_30am_W9/wish/169564111 3. Why would a retail buyer need to know to import merchandise?

]]> 2017-05-02 23:58:56 UTC https://padlet.com/shala_ahmed/Retail_Fri_9_30am_W9/wish/169564111 Question 4 shala_ahmed https://padlet.com/shala_ahmed/Retail_Fri_9_30am_W9/wish/169564123
What would you need to become a retail buyer?]]> 2017-05-02 23:59:08 UTC https://padlet.com/shala_ahmed/Retail_Fri_9_30am_W9/wish/169564123 Question 5 shala_ahmed https://padlet.com/shala_ahmed/Retail_Fri_9_30am_W9/wish/169564151
5. What considerations are there when putting a range together?

]]> 2017-05-02 23:59:26 UTC https://padlet.com/shala_ahmed/Retail_Fri_9_30am_W9/wish/169564151 Question 6 shala_ahmed https://padlet.com/shala_ahmed/Retail_Fri_9_30am_W9/wish/169564183
6. Using retail examples there any differences for the retail buyer if they are buying for...

a. Boutique?
Monards - Melbourne (jewlery store)
a more specific line of stock
limited number of categories
stock other brands
More flexibility on what they stock

b. Department Store?
Bendals - New York

Overseas selection of merchandise
ensures merchadise aligns with the brands positioning

c. Online Store?
ASOS
can have own brand versus other brands
identifies consumer trends
Buys items from individual brand suppliers

d. (Own Retail Label) Specialty Chain Store
Review
stock their own label
visit manufacturers

]]> 2017-05-02 23:59:43 UTC https://padlet.com/shala_ahmed/Retail_Fri_9_30am_W9/wish/169564183 Answers for Q1 https://padlet.com/shala_ahmed/Retail_Fri_9_30am_W9/wish/170075629 Disadvantages of Private brands:
1. There is no guarantee that the products are quality and value.
2. Retailer may not emphasize private brands due to many consumers are loyal to manufacturer brands.

Advantage
- Because the private brand is fully owned and controlled by retailers, therefore they are not sold by competing retailers , they are able to have higher profit,

- They are less expensive and therefore they can gain the loyalty customers easier.

- Exclusive products, customers often perceive “better value

Disadvantages for National brands:
- prices are more expensive for consumers
- face extensive competition from private brands

]]> 2017-05-05 00:19:47 UTC https://padlet.com/shala_ahmed/Retail_Fri_9_30am_W9/wish/170075629 Q5 answer: https://padlet.com/shala_ahmed/Retail_Fri_9_30am_W9/wish/170076321 - consistency
- diversity
- Stock
- moving stock]]> 2017-05-05 00:24:04 UTC https://padlet.com/shala_ahmed/Retail_Fri_9_30am_W9/wish/170076321 Answer Question 4 https://padlet.com/shala_ahmed/Retail_Fri_9_30am_W9/wish/170077211 Education
Experience in Retail
Enthuasiams
Analytical Skills
Product and Market Knowledge
Communication skills
Forecasting ability
Creativity]]> 2017-05-05 00:32:15 UTC https://padlet.com/shala_ahmed/Retail_Fri_9_30am_W9/wish/170077211 Q3 answer: https://padlet.com/shala_ahmed/Retail_Fri_9_30am_W9/wish/170077214 -higher profit margin
-lower cost
-some countries are better quality
-meet taste]]> 2017-05-05 00:32:17 UTC https://padlet.com/shala_ahmed/Retail_Fri_9_30am_W9/wish/170077214