Premium Essay

Electronic Retailing

In:

Submitted By hsghtj
Words 892
Pages 4
One of topics discussed in the chapter 15 Distributing Products is electronic retailing. As discussed in the chapter, nothing else in retailing has received more attention recently than electronic retailing. As far as I'm concerned, although it continues to grow much faster than retail sales through stores and catalogs and continues its trend of becoming a larger part of total retail sales, e- retailing would not replace traditional retail sales. Some crucial flaws of e-retailing make it impossible to replace the traditional sales.

Normally when we shop from a regular store, we can see the item and at least visually inspect that it looks fine. We can select a color, size and can even speak to a sales person to clarify doubts regarding the item. E-retailing cannot offer this benefit. We cannot see the item till it is delivered to our doors. Misinterpretation or misunderstanding of items bought online is a common problem. It is very common that the photo of items you see online are much better than once you have the item in front of you.

Second, you cannot get what you want immediately after you pay. After you place an order online, you have to wait for a few days for the item to arrive which can be quite frustrating. So you cannot buy items that you need right now.

Third, some items cannot be sold online. For example, if some low priced items like pencils, notebooks, etc. are sold online, shipping them will likely double the cost. Besides, some perishable items like milk, fruits and vegetables cannot ordered online.

Last but not least, the risk of fraud. Your credit card number and personal information may be sent over the Internet. If you do not use a secured line, a hacker could steal your credit card number and use it to purchase things or sell it to someone else. They also could be giving your information to telemarketers so that they can send you

Similar Documents

Premium Essay

Lane Bryant Electronic Retailing

...Lane Bryant (Electronic Retailing) Lane Bryant was established by Lena Bryant in 1904 with the first branch located in New York City on the fifth avenue. It expanded into Chicago in 1915 with the inclusion of a retail store and mail order catalogue. The company later expanded its product portfolio to include a greater focus on plus-size fashion in 1923. It was acquired in 1982 by Limited Inc and later in1999 by Charming Shoppes Inc for $335 million. Charming Shoppes was purchased in 2012 by Ascena Group for $882.1 million (Ascena 3). The acquisition added the Lane Bryant/Cacique and Catherines brands into the existing Ascena Retail Group portfolio; Justice, Maurices, and Dressbarn brands. Lane Bryant operates 788 outlet and retail stores as well as an online presence (lanebryant.com) that offers e-commerce solutions (Ascena 4). It has gained prominence in plus-sized fashion over the years. The main target demographic segment is 25 – 45 year olds with sizes ranging from 14 – 28 inches. Demographic segmenting is based on biological variables and needs such as age, gender, generation, e.t.c. (Kotler and Keller 248). Lane Bryant has focused on the variables of age, gender, life stage, and social class as its main demographic targeting variables. The brand is targeted at the masstige market with creativity and quality being its main hallmarks. According to IBIS World (2), the size of United States, plus-sized women fashion is valued at $8 billion with an annual growth rate of...

Words: 3248 - Pages: 13

Premium Essay

Consumer Attitudes Towards Electronic Retailing

...Public Disclosure Authorized WPS6107 Policy Research Working Paper 6107 Public Disclosure Authorized Financial Literacy around the World An Overview of the Evidence with Practical Suggestions for the Way Forward Lisa Xu Bilal Zia Public Disclosure Authorized Public Disclosure Authorized The World Bank Development Research Group Finance and Private Sector Development Team June 2012 Policy Research Working Paper 6107 Abstract Financial literacy programs are fast becoming a key ingredient in financial policy reform worldwide. Yet, what is financial literacy exactly and what do we know of its effectiveness? This paper collects insights from the literature thus far and summarizes global evidence on financial literacy, its correlates, and existing and upcoming causal investigations. The authors conclude with a synthesis of policy advice and practical suggestions for the way forward in this fast growing area of research. This paper is a product of the Finance and Private Sector Development Team, Development Research Group. It is part of a larger effort by the World Bank to provide open access to its research and make a contribution to development policy discussions around the world. Policy Research Working Papers are also posted on the Web at http://econ.worldbank.org. The author may be contacted at bzia@worldbank.org. The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development...

Words: 19492 - Pages: 78

Free Essay

Apple

...APPLE INC IN RETAILING (WORLD) June 2014 SCOPE OF THE REPORT Scope All values expressed in this report are in US dollar terms, using a fixed exchange rate (2013). 2013 figures are based on part-year estimates. All forecast data are expressed in constant terms; inflationary effects are discounted. Conversely, all historical data are expressed in current terms; inflationary effects are taken into account. Retailing Disclaimer Much of the information in this briefing is of a statistical nature and, while every attempt has been made to ensure accuracy and reliability, Euromonitor International cannot be held responsible for omissions or errors. Figures in tables and analyses are calculated from unrounded data and may not sum. Analyses found in the briefings may not totally reflect the companies‟ opinions, reader discretion is advised. Non-Store Retailing Internet Retailing Non-Grocery Retailers Electronics and Appliance Specialist Retailers Apple Inc, goes from strength to strength thanks to unparalleled consumer loyalty and brand equity, superlative store experiences, a strong portfolio of products and a customer service strategy that sets it apart from its rivals. Lacking strong leadership store sales have struggled - sales per store in 2013 were flat. Appointment of ex Burberry CEO as new VP of Retail and Online is expected to provide much needed boost to Apple retail operations – both in store and online. STRATEGIC EVALUATION COMPETITIVE...

Words: 7904 - Pages: 32

Premium Essay

Research Project on Big Bazaar

...A DISSERTATION REPORT [pic] “A Study on Buying Behavior of Customer in Big Bazaar in Meerut” SUBMITTED TO: SUBMITTED BY: Prof. P.K. AGARWAL Ranjeet Kumar Bhargava Director P.G.D.M, IV Sem Roll No-M07044 IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE POST GRADUATE DIPLOMA IN MANAGEMENT IIMT PROFESSIONAL COLLEGE, MAWANA ROAD, GANGA NAGAR, MEERUT, UTTAR PRADESH, INDIA DECLARATION I Ranjeet Kumar Bhargava, a student of PGDM IV Semester of IIMT PROFESSIONAL College, Meerut hereby declare that the research project report titled “A Study on Buying Behaviour of Customer in Big Bazaar” is my original work and the same has not been submitted for the award of any other diploma or degree. Place: Meerut Ranjeet Kumar Bhargava Date: Acknowledgement A project is never the sole product of a person whose name has appeared on the cover. Even the best effort may not prove successful without proper guidance. For a good project one needs proper time, energy, efforts, patience, and knowledge. But without any guidance it remains unsuccessful. I have done this project with the best of my ability and hope that it will serve its purpose. “To be or not...

Words: 11082 - Pages: 45

Premium Essay

Stop

...Models of retail competition This chapter examines the effects of competition on a retailer’s performance. As noted in Chapter 1, retailing in the United States was once a growth industry that was able to increase profits solely on the basis of an increasing population base. Today’s slower population growth rates have turned retailing into a business where successful regional and national retailers can grow only by taking sales away from competitors. However, retail competition at the local level is more complex. Depending upon the economic base of the regional economy, it is possible for an area’s population and disposable income to grow even while the country’s is slowing. For example, Phoenix and Las Vegas are like many Sunbelt communities where a vibrant local economy, combined with attractiveness to retirees and second-home owners, results in a growing sales potential for many retailers. A retailer could grow in such a venue without having to take sales away from competitor. Just the opposite would occur in areas such as Mansfield and Youngstown, Ohio, which are experiencing a counting economic slump. A retailer must always be on the offensive by studying the changing competitive environment, especially its local competition, and differentiating itself from that competition. Only by creating a differential advantage that is extremely difficult to copy in terms of time and money can retailer hope for continued success. Prime examples of such differentiation are category...

Words: 2722 - Pages: 11

Premium Essay

Promotion Techniques

...pajamas. The growth of e-retailing has had and will continue to have an effect of traditional retailing and our society moves through the electronic age. The development of the global marketplace and its ability to quickly reach customers has expanded the shopping experience and will likely shove traditional retailing the side, but not kill it altogether. For many consumers, the ability to touch and feel a product in their hand will always be one that they enjoy, thus traditional retailing will likely never completely die. The advantages of e- retailing to the consumer are the ability to access the store 24/7, less time involved with travel, parking, possibly having to tote the children with you and dealing with crowds of other people. More products are usually available online, as well as lower prices. The consumer will also have the ability shop around from different retailers to find the best price, which again refers back to spending less time. The downsides are that you are relying on the marketer to provide a secure transaction; exact colors might not be replicated; and it does not provide the theatrical ambiance of a brick and mortar store. Additionally for the traditional retailers that have developed their business to include e- retailing, business models are only now starting to emerge. They’ve had to change how they do business, adjust their logistics, adjust their business practices to comply with new laws that regulate the electronic marketplace and deal with...

Words: 349 - Pages: 2

Premium Essay

Diagnosing Impact of Malls on Small Shops

...Rs. 6000 crore by the 20 prominent retail players. On the other hand (A report by Govt. of India in 2004 by the centre for policy alternatives entitled FDI in India’s retail sector: ‘More bad than good’ stated that) retailing is “probably the primary form of disguised unemployment, underemployment in the country. India has 35 towns each with a population of over one million. If Wal-Mart were to open an average Wal-Mart store in each of these cities and they reached the average Wal-Mart performance per store, we are looking at a turnover of over Rs. 80, 330 million ($1.82 billion) with only 10,195 employees. Extrapolating this with the average trend in India, it would mean displacing about 4,32,000 persons. If large retailers were to obtain 20 per cent of the retail trade, ‘this would mean a turnover of Rs. 800 billion ($ 18 billion) at current market price. And of course, would mean an employment of just 43,540 persons displacing meanly eight million persons employed in the unorganized retail sector. Understanding the importance of the issue, the present study is aimed to investigate the impact of Malls on small shops and Impact of organized retailing upon sales performance, employment generation and loss of social interest with the emergence of organized retailing with special reference to Delhi and NCR. Key Words: Retail Sector, Malls, Small Shops. Introduction The Indian retail industry,...

Words: 3606 - Pages: 15

Premium Essay

Aditya Birla Retail Ltd

...STUDY Retailing in India is receiving global recognition and attention and this emerging market is witnessing a significant change in its growth and investment pattern. It is not just the global players like Wal-Mart, Tesco and Metro group are eying to capture a pie of this market but also the domestic corporate behemoths like Reliance, K K Modi , Aditya Birla group, and Bharti group too are at some stage of retail development. Reliance, announced that it will invest $3.4 billion to become the country's largest modern retailer by establishing a chain of 1,575 stores by March 2007. The last couple of years have been rosy for real estate developers and the retailers are finding suitable retail space in prominent locations. The industry is buoyant about growth and the early starters are in expansion mood. There is increased sophistication in the shopping pattern of consumers, which has resulted in big retail chains coming up in most metros; mini metros and towns being the next target. Consumer taste and preferences are changing leading to radical alteration in lifestyles and spending patterns which in turn is giving rise to new business opportunities. Companies need to be dynamic and proactive while responding to the ever-changing trends in consumer lifestyle and behavior. Retailing consists of the sale of goods or merchandise from a fixed location, such as a department store, or by post, in small or individual lots for direct consumption by the purchaser. Retailing may include...

Words: 7607 - Pages: 31

Premium Essay

Nonstore Retailing

...1.)(a) Nonstore retailing- it is alternatives such as online retailing are growing as a convenient way for two income households to shop. Television home shopping, direct mail, and catalogs also provide convenient retailing alternatives to these households. (b) The retailing mix- retailers will have to adjust their mix in terms of store hour and locations. Working couples may need to shop at less traditional times and in locations convenient form their work location. Also, credit cards and online ordering may become more important because of the time pressure on these types of households. 2.) Maintained markup differs from original markup in an important way. Maintained markup is the final selling price less retailer’s cost. Original markup refers to the difference between the retailer cost and the initial selling price. Initial markup is what the retailer hopes to get for the product; maintained markup is what the retailer can actually sell an item for to consumers. It must cover costs for a retailer to show a profit. 3.) The retail and product life cycles are similar in that they consist of four stages over which market share and profit (from sales) are matched. In the first stage of each life cycle, new retail forms or products enter the market. Competition emerges in the second stage, and by the maturity stage, the major fighting between competitors has occurred. In decline stage, both curves show falls in market share and profit). Differences relate to nomenclature. The...

Words: 665 - Pages: 3

Premium Essay

Retail Marketing

... Name : Oyiza Deborah Joseph 4959954 UOW Student ID : 4959954 Lecturer : Dr. Dennis Choo Ying Hoe Submission Date: 10th June 2015 Below is the link to my blog a copy of it: https://cooldebcy4real.wordpress.com/2015/06/09/recent-issues-in-electronic-retailing-e-tailinginternet-retailing-multi-channel-retailing-and-disintermediation-in-retailing/ Recent issues in Electronic retailing (e-tailing/internet retailing), Multi-channel retailing and Disintermediation retailing. Any business exchange that includes an immediate deal to a purchaser at any anytime for the purpose of profit making may be referred to as retailing. This could include selling of cloths, books, music, footwear, basic supplies or different things. Such a retail exchange could happen in a shopping center, a retail establishment, or in an agreeable neighborhood staple shop. The majority of such retail exchanges that is made possible through the block and-mortar retailing can be effectively duplicated over the Internet too. Retailing is the final transaction that takes place between a business and a customer (Peter, Kannan & Jeffrey, 2015). The entire approach to retailing has changed significantly in the previous decade. The appearance of the online channel and new extra advanced channels, for example, portable channels and social networking have changed retail plans of action, the execution of the retail blend, and customer conduct. According to a survey...

Words: 1905 - Pages: 8

Premium Essay

Marketing

...Myesha Smith Module 3 October 27, 2011 Essay: Best Buy 2. Describe the six components of Best Buy’s retailing mix. The six components of Best Buy retailing mix are: They offer array of different products in electronic industry and also sell other products like coffee markers, vacuum cleaners, and washing machines. They also offer installation on some of the products you buy, whether it’s in your home or in your car and sometimes in other things to. The second component is their promotion strategy. They send out flyers, weekly ads, and emails but you have to give them your email address. The third component is the proper location. They usually located their stores in a small to medium sized outdoor shopping centers with other types of retailers. The forth component is price. Their price range varies depending on what you can afford. They offer low cost merchandize to high cost merchandize. The fifth component is presentation. They have big bright lights, concrete floors, wide and easily navigated aisles, oversize shopping carts, and helpful staff dressed in blue shirts and khaki pants to help the customers. The last component is personal. They got customer representatives that are specialized in their departments that can help the customer with any question that they have. They also offer the Geek Squad so if you have a problem with something that you bought, you can bring it in and they would look at it. They would either fix it or replace it. Then you would pay the...

Words: 258 - Pages: 2

Premium Essay

Courts Strategy

...electrical and IT products. And furniture is one of their product differentiator as compare to their competitors in alignment with their mission statement of making “aspirational home products easily affordable” Chart 1 shows a breakdown of sales and goods. Today, Courts Asia Ltd has operations in Singapore, Malaysia and Indonesia. Singapore remains the core market of focus as it has the highest contribution to the Group’s net sales. 2. Industry analysis List of Top 3 Companies by Market Share (Retail sales) We see the list of electronics and appliances in Singapore ranked according to market share by retail sales. We see that the competition is stiff, with many other smaller firms eroding the market share. We can see that Courts is not among the top few within the electronics and appliance specialist retailers but among the “others” range instead. (table 3) It is also interesting to note that despite their focus being in the electronic and it industry,...

Words: 2784 - Pages: 12

Premium Essay

Indian Retail Sector Information

...unorganized sector as their biggest challenge, followed by competition between organized retailers and the inefficiency of distribution channels, internal logistical problem and retail shrinkage, while unorganized retailers see organized retailing as their major challenge, followed by cost of operation, logistical problems, competition between other kirana retailers and inefficient distribution channels. It was also found that organized retailers see Bangalore‟s growing middle class as their greatest opportunity followed by large number of earning youth customers, Bangalore having people from all over India, proportionate increase in spending with earnings and India‟s booming economy, while the kirana retailers see Bangalore having people from all over India as their biggest opportunity, followed by Bangalore‟s growing middle class, India‟s booming economy, large number of educational institutions in Bangalore and proportionate increase in spending with earnings. Thus, the study found that the major challenges as well as opportunities of organized and unorganized retail are almost the same. This means that mitigating the challenges and leveraging on the opportunities could benefit both sectors. Keywords: retailing, organized and unorganized retailing, competition, distribution channels, logistics, retail shrinkage, cost of operation. *Mihir Dash, School of Business, Alliance UniversityChikkahagade Cross, Chandapura-Anekal Road,Anekal, Bangalore-562106e-mail: mihirda@rediffmail...

Words: 4252 - Pages: 18

Premium Essay

Vending Machine Inmalaysia

...Brochure More information from http://www.researchandmarkets.com/reports/1596525/ Vending Machines in Malaysia: Market Snapshot to 2015 Description: Synopsis ICD Research’s, Vending Machines in Malaysia: Market Snapshot to 2015 contains detailed historic and forecast retail sales value, segmented at a channel level. Summary This report is the result of ICD Research’s extensive market research covering the Vending Machines in Malaysia. It provides detailed historic and forecast sales value, segmented at market and channel level. Vending Machines in Malaysia: Market Snapshot to 2015 provides a top-level overview and detailed channel insight into the operating environment of the retail industry in Malaysia. It is an essential tool for companies active across Malaysia retail value chain and for new players considering entering the market. Scope - Overview of the Vending Machines in Malaysia - Analysis of the Vending Machines market and its channel including full year 2010 sales value and forecasts till 2015 - Historic and forecast sales value for the Vending Machines for the period 2005 through 2015 - Historic and forecast sales value for all the channel active across Vending Machines for the period 2005 through 2015 Reasons To Buy - Gives you important figures of Vending Machines market in Malaysia - Allows you to analyze market as the report offers detailed historic and forecast retail sales value, segmented at a channel level - Provides you with information...

Words: 832 - Pages: 4

Premium Essay

Doggy

... | |Contact No: |051-4863363-65 | |Consultation Hours: |9 am to 2 pm | |E-mail: |hasan@szabist-isb.edu.pk | 1. Course Description: The retailing industry is a significant industry sector and the largest private sector employer in USA and many Western countries. In emerging economies, retailing reflects the rapid changes taking place as local and international retailers compete for market share. Retail management theory takes a strategic approach to the entire retailing cycle, embracing retailer branding and innovation as its platform. Contemporary retailers face many challenges from the turbulent political, business and social environments within which they are situated. New forms of retailing continue to emerge either to lead or...

Words: 1510 - Pages: 7