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Retail management: a strategic approach

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Bibliographic Details
Main Authors:	Berman, Barry (Author), Evans, Joel R. (Author)
Format:	Book
Language:	English
Published:	Boston [u.a.] Pearson Prentice Hall 2010
Edition:	11. ed., Internat. ed.
Subjects:	Retail trade / Management Retail trade > Management Einzelhandelsbetriebslehre Strategisches Management Einzelhandelsbetrieb
Online Access:	Inhaltsverzeichnis Inhaltsverzeichnis
Item Description:	Includes index
Physical Description:	XXVIII, 654 S. Ill., graph. Darst.
ISBN:	0132465507 9780132465502 0136087582

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Record in the Search Index

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adam_text	IMAGE 1 V A STRATEGIC APPROACH ELEVENTH EDITION BARRY BENR.AN HOFSTRA UNIVERSITY TVANS HOFSTRA UNIVERISTY PRENTICE HALL BOSTON COLUMBUS INDIANAPOLIS NEW YORK SAN FRANCISCO UPPER SADDLE RIVER AMSTERDAM CAPE TOWN DUBAI LONDON MADRID MILAN MUNICH PARIS MONTREAL TORONTO DELHI MEXICO CITY SAO PAULO SYDNEY HONG KONG SEOUL SINGAPORE TAIPEI TOKYO IMAGE 2 CONTENTS PREFACE XIX ABOUT THE AUTHORS XXV ACKNOWLEDGMENTS XXVII PART 1 AN OVEN/LEW OF STRATEGIC RETAIL MANAGEMENT 1 CHAPTER 1 AN INTRODUCTION TO RETAILING 3 CHAPTER OBJECTIVES 3 OVERVIEW 4 THE FRAMEWORK OF RETAILING 4 REASONS FOR STUDYING RETAILING 5 THE SPECIAL CHARACTERISTICS OF RETAILING 10 THE IMPORTANCE OF DEVELOPING AND APPLYING A RETAIL STRATEGY 12 TARGET CORPORATION: THE WINNING APPROACH OF AN UPSCALE DISCOUNTER! 12 THE RETAILING CONCEPT 14 THE FOCUS AND FORMAT OF THE TEXT 18 CHAPTER SUMMARY 19 KEY TERMS 20 * QUESTIONS FOR DISCUSSION 20 * WEB EXERCISE: ABOUT.COM: RETAIL INDUSTRY (HTTP://RETAILINDUSTRY.ABOUT.COM) 21 APPENDIX UNDERSTANDING THE RECENT ECONOMIC DOWNTURN IN THE UNITED STATES AND AROUND THE GLOBE 21 THE EVENTS LEADING TO THE 2008-2009 ECONOMIC DOWNTURN 21 THE IMPACT OF THE DOWNTURN ON ECONOMIES AROUND THE WORLD 23 THE EFFECT OF THE ECONOMIC DOWNTURN ON RETAILING 23 STRATEGIC OPTIONS FOR RETAILERS IN WEAK ECONOMIC TIMES 25 CHAPTER 2 27 BUILDING AND SUSTAINING RELATIONSHIPS IN RETAILING CHAPTER OBJECTIVES 27 OVERVIEW 28 VALUE AND THE VALUE CHAIN 28 RETAILER RELATIONSHIPS 32 CUSTOMER RELATIONSHIPS 32 CHANNEL RELATIONSHIPS 39 THE DIFFERENCES IN RELATIONSHIP BUILDING BETWEEN GOODS AND SERVICE RETAILERS 41 TECHNOLOGY AND RELATIONSHIPS IN RETAILING 43 ELECTRONIC BANKING * 44 CUSTOMER AND SUPPLIER INTERACTIONS 44 ETHICAL PERFORMANCE AND RELATIONSHIPS IN RETAILING 45 ETHICS 46 SOCIAL RESPONSIBILITY 48 CONSUMERISM 49 CHAPTER SUMMARY 52 KEY TERMS 53 * QUESTIONS FOR DISCUSSION 53 WEB EXERCISE: H&M (WWW.HM.COM/US) 53 APPENDIX PLANNING FOR THE UNIQUE ASPECTS OF SERVICE RETAILING 54 ABILITIES REQUIRED TO BE A SUCCESSFUL SERVICE RETAILER 54 IMPROVING THE PERFORMANCE OF SERVICE RETAILERS 54 THE STRATEGY OF PAL S SUDDEN SERVICE: A BALDRIGE AWARD WINNER 56 CHAPTER 3 STRATEGIC PLANNING IN RETAILING 57 CHAPTER OBJECTIVES OVERVIEW 58 57 IX IMAGE 3 CONTENTS SITUATION ANALYSIS 58 ORGANIZATIONAL MISSION 59 OWNERSHIP AND MANAGEMENT ALTERNATIVES 61 GOODS/SERVICE CATEGORY 63 PERSONAL ABILITIES 64 FINANCIAL RESOURCES 65 TIME DEMANDS 65 OBJECTIVES 66 SALES 67 PROFIT 67 SATISFACTION OF PUBLICS 68 IMAGE (POSITIONING) 68 SELECTION OF OBJECTIVES 71 IDENTIFICATION OF CONSUMER CHARACTERISTICS AND NEEDS 71 OVERALL STRATEGY 73 CONTROLLABLE VARIABLES 73 UNCONTROLLABLE VARIABLES 75 INTEGRATING OVERALL STRATEGY 77 SPECIFIC ACTIVITIES 77 CONTROL 78 FEEDBACK 78 A STRATEGIC PLANNING TEMPLATE FOR RETAIL MANAGEMENT 78 CHAPTER SUMMARY 81 KEY TERMS 82 QUESTIONS FOR DISCUSSION 82 O WEB EXERCISE: SEPHORA (WWW.SEPHORA.COM) 83 APPENDIX THE SPECIAL DIMENSIONS OF STRATEGIC PLANNING IN A GLOBAL RETAILING ENVIRONMENT 83 THE STRATEGIC PLANNING PROCESS AND GLOBAL RETAILING 83 OPPORTUNITIES AND THREATS IN GLOBAL RETAILING 85 / TEN TRENDS IN GLOBAL RETAILING 85 U.S. RETAILERS IN FOREIGN MARKETS 87 FOREIGN RETAILERS IN THE U.S. MARKET 87 PART ONE SHORT CASES 89 , 1: BED BATH & BEYOND S PLAN FOR GROWTH 89 2: NETFLIX: COMPETING VIA TECHNOLOGY 89 3: LOYALTY PROGRAMS IN THE NETHERLANDS 90 4: EBAY EXPANDS AROUND THE GLOBE 91 PART ONE COMPREHENSIVE CASE: BEST BUY IN A GLOBAL GROWTH MODE 92 PART 2 SITUATION ANALYSIS 99 CHAPTER 4 RETAIL INSTITUTIONS BY OWNERSHIP 101 CHAPTER OBJECTIVES 101 OVERVIEW 102 RETAIL INSTITUTIONS CHARACTERIZED BY OWNERSHIP 103 INDEPENDENT 103 CHAIN 106 FRANCHISING 108 LEASED DEPARTMENT 111 VERTICAL MARKETING SYSTEM 112 CONSUMER COOPERATIVE 114 CHAPTER SUMMARY 115 KEY TERMS 116 » QUESTIONS FOR DISCUSSION 116 WEB EXERCISE: SUBWAY (WWW.SUBWAY.COM) 116 APPENDIX THE DYNAMICS OF FRANCHISING 117 MANAGERIAL ISSUES IN FRANCHISING 117 FRANCHISOR-FRANCHISEE RELATIONSHIPS 120 IMAGE 4 CONTENTS XI CHAPTER 5 RETAIL INSTITUTIONS BY STORE-BASED STRATEGY MIX 123 CHAPTER OBJECTIVES 123 OVERVIEW 124 CONSIDERATIONS IN PLANNING A RETAIL STRATEGY MIX 124 THE WHEEL OF RETAILING 124 SCRAMBLED MERCHANDISING 126 THE RETAIL LIFE CYCLE 127 HOW RETAIL INSTITUTIONS ARE EVOLVING 129 MERGERS, DIVERSIFICATION, AND DOWNSIZING 129 COST CONTAINMENT AND VALUE-DRIVEN RETAILING 130 RETAIL INSTITUTIONS CATEGORIZED BY STORE-BASED STRATEGY MIX 131 FOOD-ORIENTED RETAILERS 131 GENERAL MERCHANDISE RETAILERS 136 CHAPTER SUMMARY 144 KEY TERMS 145 QUESTIONS FOR DISCUSSION 145 WEB EXERCISE: KOHL S (WWW.KOHLS.COM) 145 CHAPTER 6 WEB, NONSTORE-BASED, AND OTHER FORMS OF NONTRADITIONAL RETAILING 147 CHAPTER OBJECTIVES 147 OVERVIEW 148 DIRECT MARKETING 149 THE DOMAIN OF DIRECT MARKETING 151 THE CUSTOMER DATA BASE: KEY TO SUCCESSFUL DIRECT MARKETING 152 EMERGING TRENDS 152 THE STEPS IN A DIRECT MARKETING STRATEGY 155 KEY ISSUES FACING DIRECT MARKETERS 157 DIRECT SELLING 157 VENDING MACHINES 160 ELECTRONIC RETAILING: THE EMERGENCE OF THE WORLD WIDE WEB 160 THE ROLE OF THE WEB 161 THE SCOPE OF WEB RETAILING 161 CHARACTERISTICS OF WEB USERS 162 FACTORS TO CONSIDER IN PLANNING WHETHER TO HAVE A WEB SITE 163 EXAMPLES OF WEB RETAILING IN ACTION 165 OTHER NONTRADITIONAL FORMS OF RETAILING 168 VIDEO KIOSKS 168 AIRPORT RETAILING 168 CHAPTER SUMMARY 171 KEY TERMS 172 QUESTIONS FOR DISCUSSION 172 WEB EXERCISE: PLUNKETT RESEARCH S (WWW.PLUNKETTRESEARCH.COM) 172 APPENDIX MULTI-CHANNEL RETAILING 173 ADVANTAGES OF MULTI-CHANNEL RETAIL STRATEGIES 174 DEVELOPING A WELL-INTEGRATED MULTI-CHANNEL STRATEGY 175 SPECIAL CHALLENGES 176 PART TWO SHORT CASES 178 1: COMPETING SUCCESSFULLY AGAINST BIG BOX RETAILERS 178 2: FRANCHISING IN CHINA 178 3: TRADER JOE S DISTINCTIVE APPROACH 179 4: SHUTTERFLY EXPANDS BEYOND ITS DIGITAL PHOTO PROCESSING 180 PART TWO COMPREHENSIVE CASE: TARGET S TO-DO LIST IN A TOUGH ECONOMY 181 IMAGE 5 X II CONTENTS PART 3 TARGETING CUSTOMERS AND GATHERING INFORMATION 187 CHAPTER 7 IDENTIFYING AND UNDERSTANDING CONSUMERS 189 191 CHAPTER OBJECTIVES 189 OVERVIEW 190 CONSUMER DEMOGRAPHICS AND LIFESTYLES CONSUMER DEMOGRAPHICS 191 CONSUMER LIFESTYLES 193 RETAILING IMPLICATIONS OF CONSUMER DEMOGRAPHICS AND LIFESTYLES CONSUMER PROFILES 196 CONSUMER NEEDS AND DESIRES 198 SHOPPING ATTITUDES AND BEHAVIOR 199 ATTITUDES TOWARD SHOPPING 199 WHERE PEOPLE SHOP 200 THE CONSUMER DECISION PROCESS 201 TYPES OF CONSUMER DECISION MAKING 205 IMPULSE PURCHASES AND CUSTOMER LOYALTY 207 RETAILER ACTIONS 208 RETAILERS WITH MASS MARKETING STRATEGIES 210 RETAILERS WITH CONCENTRATED MARKETING STRATEGIES RETAILERS WITH DIFFERENTIATED MARKETING STRATEGIES ENVIRONMENTAL FACTORS AFFECTING CONSUMERS CHAPTER SUMMARY 211 * KEY TERMS 212 * 195 210 211 211 QUESTIONS FOR DISCUSSION 213 CHAPTER 8 215 * WEB EXERCISE: BEST BUY S GEEK SQUAD (WWW.GEEKSQUAD.COM) 213 INFORMATION GATHERING AND PROCESSING IN RETAILING CHAPTER OBJECTIVES 215 OVERVIEW 216 INFORMATION FLOWS IN A RETAIL DISTRIBUTION CHANNEL 216 AVOIDING RETAIL STRATEGIES BASED ON INADEQUATE INFORMATION 218 THE RETAIL INFORMATION SYSTEM 219 BUILDING AND USING A RETAIL INFORMATION SYSTEM 219 DATA-BASE MANAGEMENT 222 GATHERING INFORMATION THROUGH THE UPC AND EDI 225 THE MARKETING RESEARCH PROCESS 227 SECONDARY DATA 228 PRIMARY DATA 232 CHAPTER SUMMARY 235 »* KEY TERMS 236 * QUESTIONS FOR DISCUSSION 236 * WEB EXERCISE: GLOBAL RETAIL INSIGHTS (HTTP://WWW.IDC.COM/GRI/INDEX.JSP) 237 SHORT CASES 238 1: ABERCROMBIE S RUEHL NO. 925 TARGETS A DIFFERENT CUSTOMER NICHE 238 2: THE DIGITAL SAVVY CONSUMER 238 3: 7-ELEVEN TURNS UP ITS RETAIL INFORMATION SYSTEM 239 4: THE HALLMARK OF RETAIL RESEARCH 240 PART THREE COMPREHENSIVE CASE: RETAILING LESSONS FROM LOYALTY PROGRAMS AROUND THE GLOBE 241 PART 4 CHOOSING A STORE LOCATION 247 CHAPTER 9 TRADING-AREA ANALYSIS 249 CHAPTER OBJECTIVES 249 OVERVIEW 250 THE IMPORTANCE OF LOCATION TO A RETAILER 250 PART THREE IMAGE 6 CONTENTS XIII TRADING-AREA ANALYSIS 252 THE USE OF GEOGRAPHIC INFORMATION SYSTEMS IN TRADING-AREA DELINEATION AND ANALYSIS 253 THE SIZE AND SHAPE OF TRADING AREAS 257 DELINEATING THE TRADING AREA OF AN EXISTING STORE 259 DELINEATING THE TRADING AREA OF A NEW STORE 260 CHARACTERISTICS OF TRADING AREAS 263 CHARACTERISTICS OF THE POPULATION 265 ECONOMIC BASE CHARACTERISTICS 271 THE NATURE OF COMPETITION AND THE LEVEL OF SATURATION 271 CHAPTER SUMMARY 273 KEY TERMS 274 * QUESTIONS FOR DISCUSSION 274 WEB EXERCISE: SITE SELECTION MAGAZINE (WWW.SITESELECTION.COM) 274 CHAPTER 10 SITE SELECTION 275 CHAPTER OBJECTIVES 275 OVERVIEW 276 TYPES OF LOCATIONS 276 THE ISOLATED STORE 276 THE UNPLANNED BUSINESS DISTRICT 277 THE PLANNED SHOPPING CENTER 280 THE CHOICE OF A GENERAL LOCATION 286 LOCATION AND SITE EVALUATION 287 PEDESTRIAN TRAFFIC 287 VEHICULAR TRAFFIC 288 PARKING FACILITIES 290 TRANSPORTATION 290 STORE COMPOSITION 290 SPECIFIC SITE 291 , TERMS OF OCCUPANCY 292 OVERALL RATING 294 CHAPTER SUMMARY 295 KEY TERMS 295 * QUESTIONS FOR DISCUSSION 296 WEB EXERCISE: NATIONAL TRUST MAIN STREET CENTER (WWW.MAINSTREET.ORG) 296 PART FOUR SHORT CASES 297 1: THE PAVILION AT PORT ORANGE, FLORIDA 297 2: EXPERIAN S MICROMARKETER G3 GIS 297 3: HOME DEPOT IN NEW YORK CITY 298 4: LEASE NEGOTIATION: POWER SHIFTS TO RETAILERS 299 PART FOUR COMPREHENSIVE CASE: TOUGH TIMES FOR SHOPPING CENTERS 300 PART 5 MANAGING A RETAIL BUSINESS 307 CHAPTER 11 RETAIL ORGANIZATION AND HUMAN RESOURCE MANAGEMENT 309 CHAPTER OBJECTIVES 309 OVERVIEW 310 SETTING UP A RETAIL ORGANIZATION 310 SPECIFYING TASKS TO BE PERFORMED 311 DIVIDING TASKS AMONG CHANNEL MEMBERS AND CUSTOMERS 311 GROUPING TASKS INTO JOBS 312 CLASSIFYING JOBS 313 DEVELOPING AN ORGANIZATION CHART 314 ORGANIZATIONAL PATTERNS IN RETAILING 314 ORGANIZATIONAL ARRANGEMENTS USED BY SMALL INDEPENDENT RETAILERS 315 ORGANIZATIONAL ARRANGEMENTS USED BY DEPARTMENT STORES 316 ORGANIZATIONAL ARRANGEMENTS USED BY CHAIN RETAILERS 318 IMAGE 7 XIV CONTENTS ORGANIZATIONAL ARRANGEMENTS USED BY DIVERSIFIED RETAILERS 318 HUMAN RESOURCE MANAGEMENT IN RETAILING 319 THE SPECIAL HUMAN RESOURCE ENVIRONMENT OF RETAILING 322 THE HUMAN RESOURCE MANAGEMENT PROCESS IN RETAILING 324 CHAPTER SUMMARY 333 KEY TERMS 334 QUESTIONS FOR DISCUSSION 334 WEB EXERCISE: MACY S, INC., COLLEGE RECRUITING (WWW.MACYSJOBS.COM/COLLEGE/ INDEX.ASP) 334 CHAPTER 12 OPERATIONS MANAGEMENT: FINANCIAL DIMENSIONS 335 CHAPTER OBJECTIVES 335 OVERVIEW 336 PROFIT PLANNING 336 ASSET MANAGEMENT 337 THE STRATEGIC PROFIT MODEL 340 OTHER KEY BUSINESS RATIOS 340 FINANCIAL TRENDS IN RETAILING 342 BUDGETING 345 PRELIMINARY BUDGETING DECISIONS 346 ONGOING BUDGETING PROCESS 348 RESOURCE ALLOCATION 350 THE MAGNITUDE OF VARIOUS COSTS 350 PRODUCTIVITY 351 CHAPTER SUMMARY 351 KEY TERMS 352 QUESTIONS FOR DISCUSSION 352 WEB EXERCISE: QUICKBOOKS (HTTP://OE.QUICKBOOKS.COM/INTERACTIVE_TOUR_ MOVIE.CFM) 353 CHAPTER 13 OPERATIONS MANAGEMENT: OPERATIONAL DIMENSIONS 355 CHAPTER OBJECTIVES 355 OVERVIEW 356 OPERATING A RETAIL BUSINESS 356 OPERATIONS BLUEPRINT 356 STORE FORMAT, SIZE, AND SPACE ALLOCATION 358 PERSONNEL UTILIZATION 360 STORE MAINTENANCE, ENERGY MANAGEMENT, AND RENOVATIONS 361 INVENTORY MANAGEMENT 363 STORE SECURITY 364 INSURANCE 365 CREDIT MANAGEMENT 365 COMPUTERIZATION 366 OUTSOURCING 369 CRISIS MANAGEMENT 370 CHAPTER SUMMARY 371 KEY TERMS 372 QUESTIONS FOR DISCUSSION 372 WEB EXERCISE: OUTSOURCING CENTER (WWW.OUTSOURCING-CENTER.COM) 372 PART FIVE SHORT CASES 373 1: THE EMPLOYEE CULTURE AT UMPQUA BANK 373 2: SONY LOOKS TO A SMALL-STORE FORMAT 373 3: MANAGING HIGH PRODUCTIVITY: PUBLIX SUPER MARKETS 374 4: IMAX AND AMC JOIN TOGETHER 375 PART FIVE COMPREHENSIVE CASE: REACHING GEN Y AS RETAIL EMPLOYEES 376 PART 6 MERCHANDISE MANAGEMENT AND PRICING 381 CHAPTER 14 DEVELOPING MERCHANDISE PLANS 383 CHAPTER OBJECTIVES 383 OVERVIEW 384 IMAGE 8 CONTENTS XV MERCHANDISING PHILOSOPHY 384 BUYING ORGANIZATION FORMATS AND PROCESSES 387 LEVEL OF FORMALITY 387 DEGREE OF CENTRALIZATION 388 ORGANIZATIONAL BREADTH 388 PERSONNEL RESOURCES 388 FUNCTIONS PERFORMED 390 STAFFING 390 DEVISING MERCHANDISE PLANS 391 FORECASTS 391 INNOVATIVENESS 393 ASSORTMENT 396 BRANDS 400 TIMING 402 ALLOCATION 403 CATEGORY MANAGEMENT 403 WHAT MANUFACTURERS FEEL ABOUT RETAILERS 404 WHAT MANUFACTURERS FEEL ABOUT MANUFACTURERS 404 MERCHANDISING SOFTWARE 405 GENERAL MERCHANDISE PLANNING SOFTWARE 406 FORECASTING SOFTWARE 406 INNOVATIVENESS SOFTWARE 407 ASSORTMENT SOFTWARE 407 ALLOCATION SOFTWARE 407 CATEGORY MANAGEMENT SOFTWARE 407 CHAPTER SUMMARY 408 KEY TERMS 409 QUESTIONS FOR DISCUSSION 409 WEB EXERCISE: PLANNING FACTORY (WWW.PLANFACT.CO.UK/MP.HTM) 410 CHAPTER 15 IMPLEMENTING MERCHANDISE PLANS 411 CHAPTER OBJECTIVES 411 OVERVIEW 412 IMPLEMENTING MERCHANDISE PLANS 412 GATHERING INFORMATION 412 SELECTING AND INTERACTING WITH MERCHANDISE SOURCES 414 EVALUATING MERCHANDISE 416 NEGOTIATING THE PURCHASE 417 CONCLUDING PURCHASES 418 RECEIVING AND STOCKING MERCHANDISE 419 REORDERING MERCHANDISE 421 RE-EVALUATING ON A REGULAR BASIS 421 LOGISTICS 422 PERFORMANCE GOALS 423 SUPPLY CHAIN MANAGEMENT 425 ORDER PROCESSING AND FULFILLMENT 425 TRANSPORTATION AND WAREHOUSING 427 CUSTOMER TRANSACTIONS AND CUSTOMER SERVICE 429 INVENTORY MANAGEMENT 429 RETAILER TASKS 429 INVENTORY LEVELS 430 MERCHANDISE SECURITY 431 REVERSE LOGISTICS 432 INVENTORY ANALYSIS 433 CHAPTER SUMMARY 434 KEY TERMS 435 QUESTIONS FOR DISCUSSION 435 WEB EXERCISE: RETAIL INDUSTRY SOLUTIONS SECTION OF THE FEDERAL EXPRESS WEB SITE (WWW.FEDEX.COM/US/SUPPLYCHAIN/INDUSTRYSOLUTIONS/ RETAIL.HTML) 436 IMAGE 9 XVI CONTENTS CHAPTER 16 FINANCIAL MERCHANDISE MANAGEMENT 437 CHAPTER OBJECTIVES 437 OVERVIEW 438 INVENTORY VALUATION: THE COST AND RETAIL METHODS OF ACCOUNTING 438 THE COST METHOD 440 THE RETAIL METHOD 442 MERCHANDISE FORECASTING AND BUDGETING: DOLLAR CONTROL 445 DESIGNATING CONTROL UNITS 445 SALES FORECASTING 446 INVENTORY-LEVEL PLANNING 448 REDUCTION PLANNING 450 PLANNING PURCHASES 450 PLANNING PROFIT MARGINS 452 UNIT CONTROL SYSTEMS 452 PHYSICAL INVENTORY SYSTEMS 453 PERPETUAL INVENTORY SYSTEMS 454 UNIT CONTROL SYSTEMS IN PRACTICE 455 FINANCIAL INVENTORY CONTROL: INTEGRATING DOLLAR AND UNIT CONCEPTS 456 STOCK TURNOVER AND GROSS MARGIN RETURN ON INVESTMENT 456 WHEN TO REORDER 457 HOW MUCH TO REORDER 459 CHAPTER SUMMARY 460 * KEY TERMS 460 QUESTIONS FOR DISCUSSION 461 * WEB EXERCISE: RETAIL OWNERS INSTITUTE (WWW.RETAILOWNER.COM) 461 CHAPTER 17 PRICING IN RETAILING 463 CHAPTER OBJECTIVES 463 OVERVIEW 464 EXTERNAL FACTORS AFFECTING A RETAIL PRICE STRATEGY 466 THE CONSUMER AND RETAIL PRICING 466 THE GOVERNMENT AND RETAIL PRICING 468 MANUFACTURERS, WHOLESALERS, AND OTHER SUPPLIERS-AND RETAIL PRICING 471 COMPETITION AND RETAIL PRICING 471 DEVELOPING A RETAIL PRICE STRATEGY 472 I RETAIL OBJECTIVES AND PRICING 473 BROAD PRICE POLICY 475 PRICE STRATEGY 476 IMPLEMENTATION OF PRICE STRATEGY 481 PRICE ADJUSTMENTS 485 CHAPTER SUMMARY 488 * KEY TERMS 489 » QUESTIONS FOR DISCUSSION 489 * WEB EXERCISE: BJ S WHOLESALE CLUB (WWW.BJS.COM) 490 PART SIX SHORT CASES 491 1: DESIGNER BRANDS: A GLOBAL PHENOMENON 491 2: MACY S GOES LOCAL 491 3: BJ S: PROFITING IN RECESSIONARY TIMES 492 4: FAST-FOOD PRICING REVISITED 493 PART SIX COMPREHENSIVE CASE: LOWE S: CATEGORY POTENTIAL AMONG FEMALE SHOPPERS 494 PART 7 COMMUNICATING WITH THE CUSTOMER 501 CHAPTER 18 ESTABLISHING AND MAINTAINING A RETAIL IMAGE 503 CHAPTER OBJECTIVES 503 OVERVIEW 504 THE SIGNIFICANCE OF RETAIL IMAGE 505 COMPONENTS OF A RETAIL IMAGE 506 THE DYNAMICS OF CREATING AND MAINTAINING A RETAIL IMAGE 506 IMAGE 10 CONTENTS XVII ATMOSPHERE 508 A STORE-BASED RETAILING PERSPECTIVE 509 A NONSTORE-BASED RETAILING PERSPECTIVE 520 ENCOURAGING CUSTOMERS TO SPEND MORE TIME SHOPPING 522 COMMUNITY RELATIONS 525 CHAPTER SUMMARY 526 KEY TERMS 527 QUESTIONS FOR DISCUSSION 527 WEB EXERCISE: T.G.I. FRIDAY S (WWW.TGIFRIDAYS.COM) 527 CHAPTER 19 PROMOTIONAL STRATEGY 529 CHAPTER OBJECTIVES 529 OVERVIEW 530 ELEMENTS OF THE RETAIL PROMOTIONAL MIX 530 ADVERTISING 530 PUBLIC RELATIONS 537 PERSONAL SELLING 539 SALES PROMOTION 541 PLANNING A RETAIL PROMOTIONAL STRATEGY 545 DETERMINING PROMOTIONAL OBJECTIVES 545 ESTABLISHING AN OVERALL PROMOTIONAL BUDGET 548 SELECTING THE PROMOTIONAL MIX 549 IMPLEMENTING THE PROMOTIONAL MIX 550 REVIEWING AND REVISING THE PROMOTIONAL PLAN 554 CHAPTER SUMMARY 554 KEY TERMS 555 QUESTIONS FOR DISCUSSION 555 WEB EXERCISE: OFFICE.COM S PROMOTE YOUR BUSINESS (WWW.OFFICE.COM) 556 PART SEVEN SHORT CASES 557 1 : BORDERS NEW STORE CONCEPT 557 2: UPPING THE ANTE IN SUPERMARKET MARKETING 557 3: VIRTUAL REALITY IN RETAILING: WHAT S AHEAD? 558 4: RESTAURANTS STEP UP THEIR PROMOTIONS 559 PART SEVEN COMPREHENSIVE CASE: CROSSING THE GREAT MEDIA CHANNEL DIVIDE 560 PART 8 PUTTING IT AH TOGETHER 565 CHAPTER 20 INTEGRATING AND CONTROLLING THE RETAIL STRATEGY 567 CHAPTER OBJECTIVES 567 OVERVIEW 568 INTEGRATING THE RETAIL STRATEGY 569 PLANNING PROCEDURES AND OPPORTUNITY ANALYSIS 569 DEFINING PRODUCTIVITY IN A MANNER CONSISTENT WITH THE STRATEGY 571 PERFORMANCE MEASURES 573 SCENARIO ANALYSIS 580 CONTROL: USING THE RETAIL AUDIT 581 UNDERTAKING AN AUDIT 581 RESPONDING TO AN AUDIT 584 POSSIBLE DIFFICULTIES IN CONDUCTING A RETAIL AUDIT 584 ILLUSTRATIONS OF RETAIL AUDIT FORMS 585 CHAPTER SUMMARY 587 KEY TERMS 588 QUESTIONS FOR DISCUSSION 588 WEB EXERCISE: AMERICAN CUSTOMER SATISFACTION INDEX (WWW.THEACSI.ORG) 588 PART EIGHT SHORT CASES 589 1: VON MAUR: LOOKING TO THE FUTURE 589 2: THE INNOVATIVE APPROACH OF UNCLE GIUSEPPE S 589 PART EIGHT COMPREHENSIVE CASE: WHAT S AHEAD FOR COSTCO? 591 IMAGE 11 XVIII CONTENTS APPENDIX CAREERS IN RETAILING 597 OVERVIEW 597 THE BRIGHT FUTURE OF A CAREER IN RETAILING 597 OWNING A BUSINESS 598 OPPORTUNITIES AS A RETAIL EMPLOYEE 599 TYPES OF POSITIONS IN RETAILING 599 CAREER PATHS AND COMPENSATION IN RETAILING 600 GETTING YOUR FIRST POSITION AS A RETAIL PROFESSIONAL SEARCHING FOR CAREER OPPORTUNITIES IN RETAILING 602 PREPARING FOR THE INTERVIEW 602 EVALUATING RETAIL CAREER OPPORTUNITIES 603 GLOSSARY 605 ENDNOTES 621 NAME INDEX 633 SUBJECT INDEX 641 602
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author	Berman, Barry Evans, Joel R.
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id	DE-604.BV035731673
illustrated	Illustrated
indexdate	2024-07-09T21:53:12Z
institution	BVB
isbn	0132465507 9780132465502 0136087582
language	English
lccn	2009013911
oai_aleph_id	oai:aleph.bib-bvb.de:BVB01-018008249
oclc_num	297149500
open_access_boolean	1
owner	DE-573 DE-2070s DE-188
owner_facet	DE-573 DE-2070s DE-188
physical	XXVIII, 654 S. Ill., graph. Darst.
publishDate	2010
publishDateSearch	2010
publishDateSort	2010
publisher	Pearson Prentice Hall
record_format	marc
spelling	Berman, Barry Verfasser aut Retail management a strategic approach Barry Berman ; Joel R. Evans 11. ed., Internat. ed. Boston [u.a.] Pearson Prentice Hall 2010 XXVIII, 654 S. Ill., graph. Darst. txt rdacontent n rdamedia nc rdacarrier Includes index Retail trade / Management Retail trade Management Einzelhandelsbetriebslehre (DE-588)4070717-9 gnd rswk-swf Strategisches Management (DE-588)4124261-0 gnd rswk-swf Einzelhandelsbetrieb (DE-588)4013974-8 gnd rswk-swf Einzelhandelsbetriebslehre (DE-588)4070717-9 s DE-604 Einzelhandelsbetrieb (DE-588)4013974-8 s Strategisches Management (DE-588)4124261-0 s Evans, Joel R. Verfasser aut DE-601 pdf/application http://www.gbv.de/dms/zbw/595957315.pdf kostenfrei Inhaltsverzeichnis GBV Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018008249&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis
spellingShingle	Berman, Barry Evans, Joel R. Retail management a strategic approach Retail trade / Management Retail trade Management Einzelhandelsbetriebslehre (DE-588)4070717-9 gnd Strategisches Management (DE-588)4124261-0 gnd Einzelhandelsbetrieb (DE-588)4013974-8 gnd
subject_GND	(DE-588)4070717-9 (DE-588)4124261-0 (DE-588)4013974-8
title	Retail management a strategic approach
title_auth	Retail management a strategic approach
title_exact_search	Retail management a strategic approach
title_full	Retail management a strategic approach Barry Berman ; Joel R. Evans
title_fullStr	Retail management a strategic approach Barry Berman ; Joel R. Evans
title_full_unstemmed	Retail management a strategic approach Barry Berman ; Joel R. Evans
title_short	Retail management
title_sort	retail management a strategic approach
title_sub	a strategic approach
topic	Retail trade / Management Retail trade Management Einzelhandelsbetriebslehre (DE-588)4070717-9 gnd Strategisches Management (DE-588)4124261-0 gnd Einzelhandelsbetrieb (DE-588)4013974-8 gnd
topic_facet	Retail trade / Management Retail trade Management Einzelhandelsbetriebslehre Strategisches Management Einzelhandelsbetrieb
url	http://www.gbv.de/dms/zbw/595957315.pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018008249&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA
work_keys_str_mv	AT bermanbarry retailmanagementastrategicapproach AT evansjoelr retailmanagementastrategicapproach

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