ADMS 4225 Midterm: Retail Management Midterm Notes
10 Mar 2017
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Chapter 1: introduction to the world of retailing. What is retailing: a retailer"s role in the distribution channel. Buying toothpaste from colgate is in bulk vs. buying from shoppers. Sears, tim hortons donuts, mcdonalds, amazon. com, jiffy lube, amc theaters, mountain equipment co-op, Firms that are retailers and wholesalers that sell to other business as well as consumers: Office depot, the home depot, rona, costco, wal-mart, la senza, the gap. Economic significance of retailing in canada: produces retail sales of approximately billion. 72% of all retail businesses employ less than 5 persons. Employs 12% of population or 1. 75 million jobs (in 2000 : ontario has the largest retail employment with 40. 5%, quebec 20. 8, management training. Retail management process: understanding the world of retailing. The retail management decision process: developing a retail strategy. The retail strategy indicates how the firm plans to focus its resources to accomplish its objectives.
