Summary: Retail Operations

Read the summary and the most important questions on Retail Operations

• 1 Hoorcollege 1

• 1.1 Readings

• What are the two aspects of retail according to the article "The Ongoing Evolution os US Retail"?

  1. Retail sells merchandise/goods -> physical and/or digital objects
  
  2. Retail sells without doing transformations

• What can we learn about employment and value added within retail according to the article "The Ongoing Evolution of US Retail"?

  That the value added per employee is significantly lower in retail than in the economy overall.

• What are the two biggest retail industries looking at employment according to the article "The Ongoing Evolution of US Retail"?

  The general merchandise industry and the food/beverage industry

• What can be concluded about the change in store sizes/scales according to the article "The Ongoing Evolution of US Retail"?

  Between 1998 and 2012 there where built more and more large firms while the amount of small sized firms decreased

• What have been trends in the retail market structure according to the article "The Ongoing Evolution of US Retail" looking at dynamism, urbanization & concentration?

  Dynamism = the retail industry has become less dynamic by new firms accounting for less market share in employment
  
  Urbanization = the retail industry has been shifting to more populated areas 
  
  Concentration = the retail industry became more concetrated with fewer firms with bigger market shares

• 1.2.1 The evolution of retail

• How started the grocery retail in the 1800s?

  Everything was sold in bulk without predetermined prices. This because there weren't things like cardboard and cans to sell and ship products in smaller proportions.

• How changed the grocery retail from the 1850s to 1900s?

  Due to smaller available packaging the influence of branding increased a lot.

• How changed grocery stores to grocery stores that where also all super markets?

  Due things like shopping carts and increasing infrastructure.

• What is the difference between groecry stores and supermarktes?

  Grocery stores store sell most types of food and daily needed items. They're often privately owned and operated. Whereas a supermarket that is part of a chain is usually very large and may offer many choices and brands. The smaller grocery stores may offer only one or two brands of toilet paper and beans.

• 1.2.2 Types of retailers

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• Wat is a big-box store? Give an example.

  Large limited-service retailer where you go to for price competitive products. E.g. Walmart