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'When going gets tough' Strategies of Malls to woo customers
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The 'R' word, 'Recession' is a predicament behind every country's economy, and is scary to both individuals and businesses alike. Businesses are down with low sales resulting in declined profits. Investors are seldom found, or even non-existent; to be expressed in a better-bitter way. Reduced sales force the firms for a price cut developing price wars....
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Export Merchandiser - The New Avatar
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Over the years of the growth of merchandising as a discipline in the export industry, there have been many changes in the job profile of the merchandiser. It has changes from a simple to a much more complex job transcending almost all departments and functions in an export house....
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Strategies for Apparel Retailers in the year 2009
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As the end of the first decade of the 21st century approaches, we find a slowing economy and a world heading for recession, but what does it mean to consumer? Let's take a minute to consider what apparel retailers and brands are facing as we embark upon a new year...
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In a shrinking market, IT must reduce its price tag to stay relevant
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Alan Morris says retailers need to look again at IT cost models. As turnover falls, new cost management principles are required to reduce IT spend and contribute to a leaner business.
IT spend in retail is normally between 0.9 and 1.9 percent of turnover per annum, so taking 1.6 percent as an average would mean £1.6 million for a £100 million turnover business...
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Small Labels can save Pocket
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A recent survey by a reputed magazine states that when customers were asked to name their favorite apparel brands, only 16% of them responded. This denotes a low level of brand loyalty, especially in apparel categories’. Every apparel retailer would have experienced price deflation....
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