Archive for June, 2009
It’s Open Season for Dubai Shopping
Less than a century ago, Dubai was a small fishing village, a place roamed by Bedouin tribes and settlers who crowded around the banks of the creek. Today, Dubai is an extremely popular tourists destination and an important global economic player. If we take into account the fact that when Europe was being faced with the industrial destruction brought about by World War I Dubai didn’t even have running water, the dramatic changes that this emirate has experienced are all the more surprising. Dubai attracts tourists and expatriates alike, and ever since oil was struck in the 1960s, the city has made a spectacular breakthrough. The economy is high propelled by tourism, but also by expatriates coming to work in Dubai. What strikes about the city is its cosmopolitan nature, which prevents any ethnic tensions from developing. Only about twenty per cent of Dubai’s population is ethnically Emirati, and this diversity has turned Dubai into one of the world’s most cosmopolitan regions.
In spite of the regional instability and the rise of the Al-Qaeda, which represents a threat for Dubai tourism, the number of tourists who choose to spend their holidays in this city is increasing by the year. And after all, this comes as no surprise, given the idyllic climate in Dubai, with typically no more than five days of rainfall a year.
There are many tourist attractions in Dubai, and shopping is certainly one of them. In fact, this city can easily be referred to as the shopping capital of the Middle East. Dubai shopping is possible in a wide range of malls and souks. ‘Souk’, the Arabic word for market, refers to a place, which is usually specialized on certain products, and where you are expected to barter when shopping.
Dubai shopping is a major attraction for tourists, and investors made sure that the consumers every need would be catered to. There are so many shopping malls in Dubai that even seeing all of them would take a very long time, much less doing some actual shopping in each of them. Most Dubai shopping centers are open form 10 am to at least 10 pm, except fro Fridays, when they are not open in the morning and early afternoon. Dubai shopping is probably most attractive for the rare opportunity it provides, namely that of purchasing top brand products cheaper than anywhere else, due to its duty free laws and low import taxes.
At this point, all you have to do is book a flight to Dubai, and a room in a hotel, or rent an apartment, and once you’re there, you can shop all you like, or all you can afford. The good news is that all these reservations can be made online, so you a virtually a few clicks away from Dubai shopping. Can this get any better?
As amazing as shopping in Dubai may be, this is far from being the only reason why tourists choose to travel to this emirate. The exquisite hotels and restaurants, the fabulous weather, the relaxed financial environment, these are just some of Dubai’s attractions. As true as it may be that the further developments in the Middle East are likely to influence Dubai’s economic situation and tourist industry, one thing’s for sure: the city is certainly on the rise for now, and it represents a destination that you should not miss, at least once in a lifetime. If leaving your continent seems like too much of an adventure, and the different religion and culture seem a little scary, you can rest assured. Almost everyone speaks English there, and all the information you need about the emirate can easily be found online, including hotels, restaurants, clubs and pubs, and flights to Dubai.
Finding a cheap flight to Dubai and discount for accommodation is now possible if you search the Internet and make the most of what travel agencies have to offer. Be it charter flight, economy class, or first class, you can book a flight to Dubai online, and all you have to do is get on board and prepare for an amazing experience, which will certainly determine you to go there again.
For more resources about Dubai shopping or even about flight to Dubai please review this weblink http://www.dubai.com.au
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The Value of Using a Unique Selling Proposition
Posted by admin in restaurant sale on June 28th, 2009
USP’s were developed in the late 1950’s/early 1960’s by Rosser Reeves. Over the decades, they have been shown to be a highly effective means for advertising. This has held true for giant corporations and even small businesses and service professionals.
Some of the more popular USP’s have been used for decades. I’m sure you’ll recognize these two…
“Wonder Bread helps build strong bodies in eight ways.”
“Certs breath mints with a magic drop of retsyn.”
In addition to being used in highly effective advertising campaigns for the last fifty years, America’s highest paid marketing consultant, Jay Abraham, also recommends their use. He’s helped giant corporations like Holiday Inn and Taco Bell with their marketing campaigns as well as small businesses.
Jay Abraham is also a prolific writer who has put his marketing genius down on paper as well as putting on seminars (if you get the chance to purchase any of his books or go to one of his seminars, I’d recommend it). He never falters to suggest the use of USP’s for any type of business in any of his courses or seminars.
So whether you offer a service or a product, you need to find a way to differentiate your business from your competitors. It doesn’t matter if you are a dentist, hairdresser, realtor, accountant, doctor, lawyer, graphic designer, etc…
-or-
If you offer tools, cleaning supplies, websites, ‘how-to’ books, seminars, or anything else imaginable…
The use of a unique selling proposition in your business will only stand to benefit you.
Here is what a profit pulling USP will allow you to do.
* Find a niche and position yourself as the ONLY choice for that niche.
* Place your product or service on a different level than your competition, catapult you to higher plane of business and enable you to sell in a vacuum (i.e. no direct competition).
* Protect you from market fluctuations.
* Break free from mindless advertising and get your product or service remembered more than any other in your market.
* Grant a stronger preference for your company’s products and services so you can charge more and customers will gladly pay your higher price.
Sound interesting? Well I certainly hope so.
Examples of Profit Pulling USP’s
Last time, I gave you some proof on the value of using a unique selling proposition. In this part of the ecourse, I’d like to provide you with some examples of profit pulling USP’s.
But first, I want you to be aware of the power of a USP. You may want to think of a USP as a marketing strategy. Without a well thought out strategy, your advertising will send out random messages that don’t have a common theme.
This will prevent it from being as effective as it would have been if you had a strategy in place.
It’d be like a basketball team with no game plan. With no strategy, the players will scramble around on the court, aimlessly, and their game will surely suffer. Even if they are the top players in the world, without a coherent game plan, they probably don’t stand a chance against opponents with a well thought out strategy.
As you are hopefully starting to see, it is difficult to have any type of coherent marketing message or “game plan” without a USP. Most businesses are left struggling to attract new clients by shouting out, “we’re the best”, or “buy from me”.
So how do the experts do it?
Well, I’ll give you a couple of examples of well known USP’s. First of all, let me say that it’s easy to gloss right over the power of these USP’s because we are so familiar with them. But within each of them is the key to multi-million dollar advertising campaigns.
While a multi-million dollar campaign is probably not what you’re after, pointing out what makes these timeless USP’s tick is still very important.
So let’s give it a go and start with Head & Shoulders -”Healthy, beautiful, dandruff free hair.”
If you’ve ever been to the shampoo aisle at the supermarket, you’ve seen it. And there are literally hundreds of shampoos to choose from. So when Head & Shoulders came out, who would’ve noticed, right?
Wrong. Everybody noticed because Head & Shoulders targets people with dry, flaky scalps. People with dandruff. And this made all the difference to their campaign.
Without its dandruff fighting power, Head & Shoulders would just be another shampoo.
Can you see the power in selecting a target audience; a niche?
Of course, people who don’t have dandruff aren’t going to be as interested. But Head & Shoulders practically has a monopoly on the dandruff crowd –and have for decades. They were the first (to my knowledge) to cater to people with dry scalps and they are still going strong today.
It’s a unique concept and although it seems obvious now, it was highly creative at the time.
Papa John’s -”Better ingredients. Better pizza. Papa John’s.”
Papa John’s is owned by John Schnatter. His pizzeria would have just been another local pizza joint if not for his unique positioning in the marketplace. He wanted to stand out, and he did.
He follows through on the promise and has succeeded tremendously. Who would have thought having the best pizza ingredients would have been such a key to pizza success?
Do you also notice how this USP implies that other pizza restaurants are not using the freshest ingredients? This packs in an extra powerful punch.
Notice how either of these companies could have chosen to simply say “we’re better”, but they didn’t. Instead, they took it much further by being specific.
Hopefully, you are starting to see the power of a USP. You don’t want to be just another dentist, mechanic, Laundromat, or just another marketer. You don’t want to offer just another set of tools, another “how to” book, or another cleaning detergent. You want to stand out!
Quick Property Sale
Rent a Car in Mauritius
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Motel And Hotel Commercial Loans - Great Options
Posted by admin in commercial loan on June 24th, 2009
rking Capital Journal and elsewhere, there have been many reports so far indicating that only a small number of financial companies appear to be acting as if they truly understand that “We`re all in this together”. A special concern by many observers is that the largest banks (essentially those receiving federal funds recently to assist with their troubled financial operations) are not acting in this manner at all. Two major problems are becoming more obvious for business borrowers as a result: (1) Even though the funds have supposedly been provided to do just, banks receiving bailout funds have failed to resume a normal lending pattern for commercial finance funding. These same banks also seem to be unable to report to anyone how they are in fact spending billions of dollars. (2) Many banks are decreasing their commercial loans and commercial real estate loans by recalling outstanding loans or cancelling business lines of credit. There has already been much public backlash in reaction to inappropriate banking bonuses and spending. So far that has primarily taken the form of criticism and questions about how banks are allocating the financial resources largely subsidized by the taxpayers providing bailout funding. As it becomes more obvious that the action of many banks is impeding the recovery from economic chaos, it is likely that most business owners will choose to obtain their business finance funding from a lending source that has helped rather than hindered financial recovery efforts. As always, business owners cannot typically afford to wait for government and external action to resolve problems like those described above. Given the facts that many banks have exited or reduced commercial lending activities, business owners should attempt to find alternative sources for working capital loans and commercial loans. With appropriate help from a commercial financing expert, commercial borrowers will be able to identify which commercial lenders have been acting like responsible corporate citizens and business neighbors. It is unfortunately common to find that most bigger banks have eliminated new working capital financing and commercial mortgage loans. Although they are proving to somewhat difficult to identify and locate, there are commercial lenders actively making new commercial loans. In addition to the larger banks reducing most lending programs, another difficult commercial financing situation is that very few of the smaller local banks have resumed prior business loan activities. A previously familiar and reliable source for working capital loans might not continue to be a viable business funding choice. For the most part, local and regional banks simply do not have sufficient capital for new commercial loans. In addition to business owners seeking alternative commercial funding sources, many commercial borrowers will now discover new financing choices such as business cash advance programs. Under most circumstances, business cash advances are provided by business lenders other than commercial banks. Such a working capital funding source might increasingly prove to be more reliable than traditional banks of any size in providing commercial financing effectively. By looking for lenders displaying an appropriate attitude of “We`re all in this together”, business owners should hopefully find that their business financing circumstances will improve.
Passive Income
ALIOTO’S RESTAURANT PART OF SAN FRANCISCO HISTORY SINCE 1925
Posted by admin in restaurant sale on June 23rd, 2009
Led by the family’s third generation, Alioto’s Restaurant is reviving its past by returning to its rich Sicilian heritage. In paying homage to its culinary roots, the family is also fondly recognizing a history that was built on tireless struggles and breathtaking successes. That history is proudly displayed in the "Wall of History" exhibit—photographs, menus and ephemera from their seven decades on the Wharf. The exhibit, displayed in the restaurant’s entryway, chronicles the growth of the Wharf from a sleepy fishing village to an international tourist destination.
What grew to become an institution in San Francisco dining actually began as a fresh fish stall, founded in 1925 by Nunzio Alioto, Sr., a Sicilian immigrant. At the time, the Wharf consisted of an enormous lumber yard, train tracks, a union hall, canning plants and wholesale fisheries. At Stall #8, Nunzio sold lunchtime provisions to the Italian laborers. By 1928 he began selling simple luncheon items. Proving exceptionally popular were steamed crab, and shrimp and crab cocktails, which would be served on trays that could be attached to car windows–one of the earliest attempts at drive-in eating.
Business grew steadily as Nunzio catered to hungry shoppers at the Wharf. What eventually became known as "Alioto’s innovation" was the conversion from old wood burning crab pots to gas burners. In 1932, he constructed the first building on Fisherman’s Wharf–combining the fish stand with a seafood bar specializing in crab and shrimp cocktails, and steamed crab.
The plans Nunzio Alioto foresaw for his seafood enterprise on the Wharf came to an abrupt halt the following year. After suffering a bout of double pneumonia, Nunzio died suddenly at the age of 41, leaving behind a wife, Rose and three children. Strapped for a way to support her family, Rose took over the business becoming the first woman to work on the Wharf. Initially she was ostracized by her male neighbors, who refused to
sell her fish. Luckily, the fish was procured by Phil Rubino, who had formerly worked with her husband.
Rose’s children accompanied her to work everyday, and tended to every aspect of the business. This tradition continues today as the Alioto children begin their restaurant apprenticeship in their early teens.
A number of historical events contributed to the restaurant’s phenomenal growth and the eventual establishment of Fisherman’s Wharf. With the completion of both the Golden Gate and Bay Bridges in 1937, San Francisco was quickly becoming the urban center of Northern California.
By 1938, Rose installed a kitchen–the first on the Wharf–and opened a restaurant, serving cracked crab, salads, and crab and shrimp cocktails, and seafood specialties. It was here that Rose Alioto created a shellfish stew called Cioppino which became a San Francisco culinary legend. To help make ends meet, daughter Antoinette, the eldest of Rose’s three children, worked the graveyard shift at Bank of America after completing her daytime duties as waitress, part-time cook, and bookkeeper at the restaurant.
In 1939, the San Francisco Exposition and World’s Fair brought tourists from around the world to the City. The restaurant flourished, yet it wasn’t until the onset of America’s participation in World War II that its reputation became firmly established. Fisherman’s Wharf became one of the Ports of Embarkation for sailors, who were often accompanied by their families. While Rose’s sons, Frank and Mario, were called off to serve in the armed forces, Rose and her daughter Antoinette were kept busy serving fresh seafood and hearty clam chowder to these men and their families–and word about Alioto’s Restaurant’s food quickly spread.
The restaurant continued to expand as public demand grew for Alioto’s delicious seafood. By 1950, Rose enlarged her restaurant by purchasing her neighbor’s stall, Castagnola’s #7. She built a one-story, $130,000 brick building. Alioto’s Restaurant
underwent a second major facelift in 1957, when a $200,000 second story was added, making it the tallest building on the Wharf.
A disastrous fire gutted Alioto’s Restaurant that same year. Undeterred, the family, led by Rose, rebuilt the restaurant from scratch on the same site. Fortunately, rescued from the devastating fire was a wall composed entirely of thousands of clam shells saved from diners’ meals through the years.
During these years, Rose’s son Frank assumed the operation of the restaurant. Daughter Antoinette married, and she and her husband, a distant Alioto cousin, worked in the restaurant sharing various responsibilities. Rose’s third child, Mario, became a singer with the San Francisco Opera Company. Frank’s son Nunzio and Antoinette’s son Joe took over management responsibilities in 1971. Rose, the matriarch of the Alioto clan, continued to work at the restaurant until she passed away in 1970, at the age of 74.
As the Restaurant was re-establishing itself, the Alioto family name was receiving local and national recognition for another reason: Joe Alioto, Rose’s nephew, was elected the 33rd Mayor of San Francisco in 1968 and served for an eight-year term. During this period, Alioto’s became a popular hangout for San Francisco’s Democrat power base.
Alioto history, page four
Alioto’s menu design and logo boast the vibrant colors of Sicily’s peasant-style ceramics, which are now collector’s items.
Binding the large Alioto family together today is a lifetime fondness for Fisherman’s Wharf and a concern that it continue as a vital part of San Francisco. One of the annual events the Alioto’s were instrumental in founding was Festa Italiana, a Wharf-wide event taking place each October which contributes $50,000 to local charities. The family also helped establish the multi-denominational Fishermen’s and Seamen’s Memorial Chapel. Both Nunzio, Jr., and Joe have served as president of the Wharf’s tenant and merchant associations, and Nunzio currently serves on the Board of Directors of the San Francisco Convention and Visitors Bureau. Many other San Francisco charities, including the Save the Cable Car Fund, the Ronald McDonald House, Salesian Boys & Girls Club, Little Sisters of the Poor, and the St. Ignatius High School have benefited from the generosity and civic pride shown by the Aliotos.
Contact: Cynthia Traina
(415) 775-3330
Cynthia@trainapr.com
Quick Property Sale
Tips on How To Be a Likeable Loan Officer
Posted by admin in office sale on June 21st, 2009
People try to self sell their homes to avoid the cost of a real estate agent. But when they come across people who put offers blindly and get stuck with low standard offers they go in search of a loan officer. As normal people are usually unaware of the mortgage lending standards, you as a loan officer can benefit a lot from being in the scene. A good loan officer should always maintain relations with property owners, so that when they decide to sell their property they know that they have a good loan officer on their side. They can offer the buyer to get the loan via that officer.
Loan officers working for mortgage companies are always willing to help the sellers in dealing with the buyers as that helps them create a relation with the buyer. These increase the chances that they will get to finance the home loan. Always remember that as a mortgage loan officer you are on commission basis. All that you earn is only when the loan closes. People also will trust you as they know you will assist them fully in getting a potential buyer.
As a loan officer you should always be willing to meet at any prospective place the buyer desires. Say it is his/her home, your own residence or the buyer’s office. This creates an air of trust and generates a sale for you. It shows the buyer that you and your company are interested in getting the deal done. Convince them in a manner that it may seem the deal being useful to them and not you. When you are going to make a sale the more services you offer generates more chances of further deals for you.
It’s much better if you stay in touch with a couple of real estate companies. Most homes that are for sale tend to be listed with real estate companies who have name recognition, market share, large advertising budgets, business relationships with mortgage lenders and trained agents to represent those homes, hold open houses, and finagle with prospects. Agents have some level of experience dealing with people, overcoming objections, selling and closing the deal. This way you can dominate the home selling process, earn high commissions and save time in the most intelligent manner.
Always remember that a home or a land is a product people always want. You can earn benefit if you roll out the marketing plan with immense intelligence. Be sure to mark out the high aspects of your plans in front of the buyers. People are always interested in deals that benefit them.
There always is competition. Beat you competitors by giving your customers/buyers a friendly deal with good terms. If they get benefits and trust from you they won’t go towards any other loan officer. These few thing if remembered and acted upon well can lead towards the success of loan officers.
Quick Property Sale
Rent Cocktail Dresses
Finally! Rent Cocktail Dresses at Closet Elite !
For all of you Carrie Bradshaws out there…a new website called Closet Elite (www.closetelite.com) is a fashion breakthrough that’s sure to be the buzz among every fashionista in town. Every couture-loving female has wished at some point that she could just rent a designer piece instead of having to shell out hundreds to buy it for an event, knowing she’ll barely ever get to wear it again. Well ladies…you finally can rent dresses—and gorgeous, designer styles that are hot off the runways!
Closet Elite carries dresses from designers such as Prada, Roberto Cavalli and Gucci, all the way down to Bebe and Betsey Johnson, for way cheaper than it would cost to buy them! There’s a dress for any occasion—from proms and formals, to the perfect little black cocktail dress, or a sexy little number for a big date. And they’re all incredibly affordable! Closet Elite is sure to be your newest addiction…but one you can feel smart about, and actually save money!
All of us girls know that when it comes to cocktail dresses, you barely get to wear them a few times. Semi formal and formal events are so rare, and often involve the same people. You want to look your best, but the more unforgettable your dress is, the less chance you have of being able to sport the same dress again without everyone remembering it. Closet Elite completely solves that dilemma—go all out, and pay way less than everyone that opted for a boring classic.
Closet Elite can serve you no matter where you are, since it’s an online service. It’s like Netflix for designer dresses! You choose a dress, they mail it to you, you mail it back in a prepaid, pre addresses mailer. You can choose your shipping method, and they don’t over inflate shipping costs like a lot of companies do.
It’s really a great idea, I can’t believe no one offered it sooner. They have great
spring dresses, holiday dresses, and everything from casual to formals. You can rent a gorgeous Dolce and Gabbana dress for under a hundred bucks (it would cost more to go buy a no-name dress from JCPenney) or get a super affordable dress from Bebe or Guess for under thirty bucks. It’s seriously worth checking out!
Web Site = http://www.closetelite.com
Rent Back Fast
Regsitered Office : a Tool to Boost your Company
Posted by admin in office sale on June 15th, 2009
For people starting their own business/company, having an office is of great importance. But, for the businessmen starting their business with low budget, it is impossible to own/hire an office, and execute their business matters from there. Thus, in UK, the facility of having a registered office fulfills this very need of businessmen. The Companies Act of UK allows even one or two people to form a company. To have such an office what all one needs to have is an office that is registered.
Having a registered office is mandatory for small business houses, as the address which is registered under Company Act is used by government offices to make all official correspondence with the company. Besides, the address that you have registered for your company is used also for all your business interests like corresponding with your business associates like clients, customers, business houses, etc.
The Companies Act also allows people living outside UK to open a company of their own in UK. A registered office plays another important role here in providing such people a place which they can use as their official address. There are several companies offering this facility. Paying them their annual charge will let you avail the mail delivery facilities according to which you will get all the letters delivered to you at right time. Finding a good service provider is not a problem, as the their online availability has made the entire process easier.
Location of an office gives your company a positive image. Likewise, registered office also helps you to boost corporate image of your company. Your office address is forwarded to all your business associates through the letters heads. If the address is of a reputed office location, it is conveying people a positive impression of your office. Thus, availing the facility of an office that is registered helps you in positive way to boost the corporate image, which may lead your company having growth in business sells.
Real Estate Professionals
The Exuberant Age of Retail in India
Posted by admin in retail shop sale on June 14th, 2009
THE EXUBERANT AGE OF RETAIL IN INDIA
*Rizwana Atiq - Lecturer,Department of Business Administration, Integral University, Lucknow
Abstract
India has stepped in the exuberant age of retail. It ranks second after Russia as the most alluring destination for retailers among 30 emerging markets, according to the Global Retail Development Index developed by AT Kearney, a consultancy. The 10-12% increase in the economy’s disposable income can be seen clearly by the way goods and services are being brought and sold. Retail Trade contributes 10-11% of India’s GDP and currently employs over 4 crore people.
THE DRIVE FOR RETAIL :
The reason for the boom in retail is the gradual increase in disposable incomes of the middle and upper class household. Countries like US, Japan, U.K. have started out sourcing business activities and are willing to pay a handsome package to those who deserve. The out sourcing will create 10-24 million jobs by 2020. The Indian youth is zealous, Intelligence and has the will to work hard. This is attracted foreign business organizations in the country where by increasing the income levels and the purchasing power of consumers. The Indian consumer has a great amount of disposable income which has increased demand level of the country. This demand is accompanied by the desire to get the best quality. In India over 65% of the population is below 35 years of age and 54% are below 25 years. They have enough to pay for all their dream desires. Moreover there is a switch from joint family to nuclear family and DINK segment is making its presents felt. Driven by changing lifestyles, strong income growth and favourable demographic patterns, Indian retail is expanding at a rapid pace.
Mall space, from a meager one million square feet in 2002, is expected to touch an estimated 60 million square feet by end-2008, says Jones Lang LaSalle’s third annual Retailer Sentiment Survey-Asia.
The Indian consumer wants the best . This has increased demand for exclusive brands . Now Nike has over 100 outlets and Reebok has over 400 outlets. Thus the increase consumption pattern is having a direct bearing on the growth of retail sector. The consumption in 2005-06 was Rs. 2124000 Crore (Approximately 480 billion.)
THE INDIAN RETAILERS:
1. RPG:-It was the first to get into retail Business in India.Foodworld began as adivision of Spencer& Co., a part of RPG Group in May 1996,with supermarket in Chennai.Today Foood world is a separate company: a joint venture between Spencer & Co. and Dairy Farm international.
2. The TATA Group It has signed a joint venture for a new subsidiary, Infiniti retail, a large format multi brand chain for consumer durables. For lifestyle and the food and grocery segment, it operates through its retail arm Trent. Trent forayed into the hypermarket business with Star India Bazar.
3. Pantaloons Retail: The Company’s value retailing includes includes Big Bazar which is a hypermarket, Food Bazar which is a supermarket and Fashion Station, popular fashion stores. Pantaloon Retail (India) Limited is part of the future Group. The Future Group operates through many verticals viz Future retail, Future Capital, Future Space, Future Logistics and Future Group.
4. Vishal Retail Group: The store has spread over 25000 Sqft. It offers fashion accessories, grocery product, apparel & Electrical gadgets. The Group entered the hypermarket segment with its first such store in Udaipur.
5. Reliance Retail: It has set a revenue target by 2010-11 which is about double of the present revenues of all organized retail business in India. Reliance operates Qwik Mart, quick transaction stores offering the convenience of buying household food and non-food merchandise, music, take-away café and convenience-oriented ancillary services without a price penalty.
6. Subhiksha: The stores are small sized and functional with average size of 1500-2000sqft.
7. Nilgiri’s: The Company’s strategy is backward integration with an increase focus on fresh fruit and vegetables.
8. Trinethra:- It is a South based grocery chain. The stores in Kerala to have a bakery attached for which the Company has tied up with Ann’s Bakery.
A LOOK AT THE RETAIL FORMATS
1.Department Store : This represents retail outlets that stocks a wide range of merchandise. Stores often provide customers with exclusive membership cards on purchases up to a certain value. The major players are Ebony, Globus, Life Style, Shoper’s Stop and Westside.
2.Super market : They are self service stores which concentrate on the prize aspect to attract customers like Food Bazaar, Subhiksha and Fab-mall. Supermarket is a self-service store offering a range of food and household articles.
3.Hyper market : It is a department store combined with super market although in India the hyper markets are not well developed still we have a few player like Reliance retail, Big Bazaar and a few more. The latest to make a big splash in the retail scene is the Aditya Birla Retail (ABRL), the retail arm of the $24-billion Aditya Birla Group, which plans to invest between Rs 250 and Rs300 crore for setting up a dozen hypermarkets under the brand name ‘More Megastore’ in the country. The hypermarkets will offer 60,000 products sourced through over 500 suppliers say company officials. The group also plans to open ‘Family Stores’ stocking apparel from Madura Garments, the owner Louis Philippe, Van Heusen, Allen Solly and Peter England brands and also distributes the international brand Esprit in India.
4. Discount Store : It is a department store except that it sells products at a lower prize for example The Loot and My Dollar Store.
5. Specialty Store : They offer a large range of selections within a single merchandise category for example The Gold Souk in Gurgaon and the Music World and Planet M.
6. Conveyance Store : The stock most essential and FMGC products like food items and several products of daily use. The major players are Red Shop and My Mart. Although world wide they are open through out the day and night but this is not so all the palyers within this format in India.
7.Kiosk : they are small retails outletswhich are open on all sides and sell consumer goods like edibles and snacks, newspapers and so on. emphasis is on designing the kiosk façade-thet sport attractrive colour schemes. Some of the players are Mr. Orange , Cookie Man, Corn Man ,Kidz on Wheelz and so on.
TIE-UPS IN RETAIL
Indian retailers are trying to tie-up with global brands through franchise and licensing agreement because they benefits both the partners. The global companies have funds expertise and goodwill while the Indian companies have the right feel of the domestic market.
? India has global retail giants like Bharti-Wal-Mart. Wal-Mart’s (the world’s biggest retailer) tie up with Bharti Enterprises for cash & carry operations, seems to have encouraged French retailer Carrefour, to enter the Indian market through the wholesale route.
? Mukesh Ambani-controlled Reliance Retail is entering into talks with UK fashion retailer Marks & Spencer (M&S) to float an equal joint venture for apparel, gourmet food and cafes. The gourmet food format may be integrated with Reliance Fresh wherever possible. This would help M&S attain immediate scale in food business as Reliance Fresh has 491 stores selling foods, fruits and vegetables, and may be scaled up to 1,400 stores by the end of next fiscal. Marks & Spencer is present in India through a franchisee arrangement with Planet Retail since 2001 and operates more than 20 stores in India out of its 760-strong global network. Within four months of rolling out its first store in November 2007, Reliance Retail opened 500 stores in various formats, spanning 3-million square ft of occupied space in various cities.
? Home Solutions Retail India (HSRIL), a part of the Kishore Biyani-owned Future Group, will soon start retailing lightings and electrical products under the Bijli Ghar brand. This is the first time a major corporate retailer has unveiled plans to enter the unorganised Rs80,000 crore lighting market dominated by small and medium city and region-specific players across the country. The company already has a joint venture with Asian Electronics and Idiom Design & Consulting to launch the products. The lighting stores will open in 80 Big Bazaar outlets across the country and, in the next six to nine months, the company is planning of opening standalone stores, targeting revenues of Rs100 crore in the first year of operations.
FUTURE AHEAD IN RETAIL
Merrill Lynch which is a an advisory firm, expects the Indian Retail industry to grow to US$300 billion by 2010.
• Spencer’s is planning to set up 500 more stores by June 2008 with an investment of nearly US$ 125.89 million.
• Hypercity is planning to set up 250 Expresscity stores in the convenience store format across the country in the next five years.
• DLF plans to invest US$ 4.02 billion over four years to develop about 20 large shopping malls across the country.
• Israeli mall developer Plaza Center NV plans to invest US$ 1.25 billion over the next five-seven years to set up 50 malls in India.
The domestic retail sector is picking up pace with more and more Indian companies entering the sector either on their own or in alliance with foreign retailers to set up premium or niche outlets.
While Indian companies such as Bharti, Reliance Retail, Essar, Future Group, Shoppers Stop and the Aditya Birla Group are still trying to consolidate their markets, others such as Mahindra & Mahindra, realty groups like Parsvnath and DLF, two-wheeler maker Hero Honda, chemicals and foods firm Jubilant group and brokerage and realty firm Indiabulls have announced plans to enter the retail sector.
Tobacco major ITC is planning to set up more of its Wills Lifestyle, John Players and Miss Players stores across the country. The company plans to increase the number of Wills Lifestyle stores from 250 to 400 by the end of 2008-09. These stores will come up on the lines of the concept store, designed keeping cultural context and customer profile in mind.
Kishore Biyani–owned Future Group, India’s largest Retailer has planned to investRs. 3,600 crore in 100 stores in 30 cities.
ORGANISED RETAILING
According to industry estimates, the overall size of the retail sector in India is expected to touch $427 billion by 2010 and $637 billion by 2015 with the organised segment expected to account for 22 per cent by 2010. An additional 700 million Sqft of quality retail space over and above what is currently available will be required by 2011. Consulting firm Ernst & Young predicts that the organised retail market in India will touch approximately $30 billion by 2010.
Presently the share of organized retailing in India is abysmally low .The bulk of retailing is carried out by 12 m kirana which are mostly family owned. According to McKinsey, a consultancy about 96% of these kirana have 500 sq ft or less space
The advent of foreign rivals is viewed with some trepidation by India Retailers
The small retailers fear being wiped out while the large ones feel their shared eroded. It is definitely true that Foreign retailers can help improve efficiency among local organized retailers. The entry of foreign competition can lower prices. We cannot, in fact should not hurt the interest of the local retailers We need to size up the retail market into segments and then decide as to which segment can be organized and which one need to be left unorganized for the time being.
FDI in Retail will destroy employment in the kirana stores and create retail monopolies.
India has the highest shop density in the world with 11 shops per 1000 persons, much higher than European and other Asian countries.
We need to think of these small retailers before trying to enforce organized retailing in the country. The giant organized retailers may start using their monopoly and stampede the unorganized small retailers. Acceleration in organized retailing would make business unviable for the several such retailers. As there is great unemployment in the country and the small scale retailing provides livelihood security to about 20 million urban workers and 12 million rural workers, we cannot afford to put an end to it. The introduction of organized retailing would snatch the bread and butter and jeopardize the livelihoods of the millions in our country. We cannot encourage the entry of large retailers unless we have planned a livelihood for the vast majority.
KEEP THE RETAIL GOING
There is great competition in the retails sector. Thus arises the need of competent work force accompanied by Technology. Employees in the Retail Sector should be given proper training to deal with the customers. Those working in the retail sector should have a cheerful disposition because they may have to encounter short tempered customers.
• Store Employees should be empowered so that they are under no pressure to deal with the customers.
• All retailers should have consumer advisory boards.
• There should be customer research . Those employees who provide good service should be rewarded .
• Indian retails should follow the example of JC Penny whose sales associates give questionnaires to shoppers which are later analyzed to improve service.
• Retailers should always be ready to devise innovative ways to over come the problems of customize.
• Retails brands get built by developing personal relationship with consumer the important and frequent customers should be recognized and should be given free gifts and guaranties.
• The retailer should be able to display their product very beautifully in order to attract the side of the customer.
The Indian retails sector is in a state of evolution. The Indian retailers should understand that retailing has to be taken as a brand in a self. More than 99% of the Indian retailers function in less than 500 Sqft of shopping space. It is a challenge for the Indian Retails Industry to create a scenario making job exciting to the younger generation so as the attract them. It is difficult but not impossible to satisfy the culturally diverse consumers of the country.
CONCLUSION:-
India is an enormous market, of which we are seeing only the tip of the iceberg. If the changes which are taking place in the metros retail start to percolate in the all the urban settlements then there will be a real revolution in the Indian Retail. Indian Retail market is worth a mammoth 350 billion dollars. Such is the underlying potential for Retail trading in the country.
A single large retailer should not be allowed to capture the large market share. The Indian Government should not make haste in inviting the foreign retailers instead it should wait to see the great power of the Indian retailers. Indian retailers have to learn both the art and science of retailing by looking at the way the giant retailers are organizing and managing their activities . Indian retailer needs to be innovative and needs to understand the regional variations in consumer tastes
We Indians can celebrate our spending power and also channelise our spending towards healthy consumption for overall development of the country.
REFEENCES:-
Books:-
• Retailing Management,5th Edition, Michael Levy and Barton A Weitz, Tata McGraw-Hill Publishing Company
• Retail Management - A Strategic Approach ,9th Edition, Berry Berman and Joel R. Evans, Prentice Hall
Links:-
• www.imagesretail.com
• www.indiaretailforum.in
• www.retailindia.typepad
• www.ibef.org
Quick House Sale
Online Shopping Market Leader - Ebay’s Business
About eBay Today
Anyone who has invested in eBay stock over the last few years probably knows that eBay’s position in the Internet marketplace is rapidly changing. eBay’s 1998 IPO occurred during the fabled “dot com bubble” years and was influenced by many of the same forces that made other technology and Internet IPOs so (in)famous. On the first day of trading, the $18 per share target price gave way to an opening price of $53.50 and eBay’s revenue growth has stayed more or less continuous since then, staying percentage-wise in the 30s and even venturing at times into the 40s—enough to make any investor smile.
In recent quarters, however, things have slowed down a little. Quarterly year over year growth is now at just over 30 percent and shows a downward trend—still excellent, but not quite as stratospheric. Some of this is due to increasing competition from eBay competitors, including Google (worldwide but especially in North America and Europe) and a number of alternative auction houses across Asia and the Pacific Rim. In some circles, people are talking as if the slowing of growth and the maturing of eBay as a company and stock mark end times for the company. Not so.
In recent years eBay CEO Meg Whitman’s strategy has been to continue to strengthen eBay’s core auction business while at the same time to diversify eBay’s business model and holdings as a hedge against competition in the online auctions and ecommerce market. This strategic and markets growth has included a number of investments and acquisitions—big names that today are also eBay. You may have heard of some of them:
* Skype—The wildly popular Skype VOIP (voice-over-internet-protocol) service is eBay’s largest acquisition to date and one of its most recent, purchased in 2005 for approximately $2.6 billion. Whitman’s vision for Skype is as a communications hub not just for Internet customers looking for alternatives to traditional telecom packages, but for eBay buyers and sellers, who will eventually be able to interact securely and anonymously by voice. She also sees a future in which the forthcoming Skype subscription charges will be cleared primarily through PayPal.
* PayPal—By now, nearly everyone realizes that PayPal is now an eBay company, picked up for $1.5 billion in 2002 and a natural match: the vast majority of eBay transactions involving online payments at the time used PayPal, and this remains the state of affairs today. True to Whitman’s vision, PayPal has also grown to become the premier payment system for ecommerce across the Internet, second only to direct credit card transactions and safer as well. An increasing number of etailers and even brick-and-mortar stores accept PayPal payments today.
* Craigslist—In 2004 eBay paid an undisclosed sum to acquire a 25 percent interest in Craigslist, becoming its largest single shareholder. Our company selling links of london on craigslist have good effect.eBay has kept a low profile vis-a-vis it’s ties to and influence on Craigslist, but with the classified service’s growth going through the roof and the classified marketplace becoming more important online in general, investors should see this as a strong asset with big upside potential for eBay.
* Half.com—Half.com, acquired by eBay in 2000, represents eBay’s move into the online used media market. Half.com was a rising star in and in many ways the creator of this market which has now been joined by the likes of Amazon.com, among others. Half.com remains a perennial favorite amongst students, bibliophiles, game enthusiasts, film buffs, and others in seeking to buy used media products at reduced cost. Because these types of products are commodity priced and often have a long shelf life before being purchased, the alternate sales model that Half.com represents is both appropriate to its market and does not compete directly with eBay’s core auction offerings.
* Rent.com, Shopping.com, Prostores—While not as monumental in scale as the aforementioned transactions, eBay has also diversified its retail and real estate businesses with Rent.com, Shopping.com, and Prostores, which together complement eBay’s existing eBay Motors, eBay Real Estate, among others, in retail beyond the commodity and consumer goods market.
If together these acquisitions paint the picture of a company in the midst of steady and continued growth, they should—eBay remains the premier online auctions and retail space and is poised to continue along this trajectory for the forseeable future. eBay’s major threat at the moment is Google, also rapidly expanding and enjoying market-leading growth. eBay’s relationship to Google is a troubled one, as eBay relies on Google’s advertising model and market reach for its continued success even as Google continues to enter market niches in which eBay products already exist—for example, classified ads and online payments.
Despite these challenges, prospects for eBay in the future look bright, as eBay growth continues to be strong and eBay’s recent acquisitions continue to pick up financial steam and Internet traffic as well.
You could find our china wholesale center and uk wholesale shopping mall for start your ebay business.
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