Apac
  • Home
  • CXO Insights
  • CIO Views
  • News
  • Conferences
  • Newsletter
  • Whitepapers
  • About us
Apac
  • Admired Tech

    Agile

    AI Healthcare

    Artificial Intelligence

    Augmented Reality

    Aviation

    Big Data

    Blockchain

    Cloud

    Cryptocurrency

    Cyber Security

    DevOps

    Digital Transformation

    Drone

    HPC

    Infrared

    Internet of Things

    IT Services

    Marine Tech

    Networking

    PropTech

    Remote Work

    Robotics

    Scheduling Software

    Sensor Tech

    Simulation

    Smart City

    Software Testing

    Startup

    Storage

    Unified Communication

    Web Development

    Wireless

  • Automotive

    Banking

    Capital Market

    Construction

    E-Commerce

    Education

    FinTech

    Food and Beverages

    Gov and Public

    Healthcare

    Insurance

    Legal

    Logistics

    Manufacturing

    Media and Entertainment

    Metals and Mining

    Pharma and Life Science

    Retail

    Sports

    Travel and Hospitality

  • CISCO

    Google

    IBM

    Microsoft

    Oracle

    Salesforce

    SAP

    ServiceNow

  • Business Intelligence

    CEM

    Cloud-based Planning

    Cognitive

    Collaboration

    Compliance

    Contact Center

    Contact Tracing

    Contactless Payments

    Corporate Finance

    CRM

    Custom Software Development

    Data Center

    Digital Signage

    Enterprise Architecture

    Enterprise Asset Management

    Enterprise Communications

    Enterprise Contract Management

    Enterprise Performance Management

    ERP

    Facility Management

    Field Service

    Fleet Management

    Gamification

    HR Technology

    IT Infrastructure

    IT Service Management

    Managed Services

    PLM

    Procurement

    Product Management

    Project Management

    RegTech

    Revenue Management

    Sales Tech

Menu
    • CISCO
    • Collaboration
    • Compliance
    • Contact Center
    • Healthcare
    • IT Service Management
    • Microsoft
    • Retail
    • MORE
    #

    Apac CIO Outlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIO Outlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    • Home
    • News
    • Retail
    Editor's Pick (1 - 4 of 8)
    left
    AI becomes Personal

    Sherif Mityas, CIO & Chief Experience Officer, TGI Fridays

    Is Your Head in the Sand?

    Marc Kermisch, VP & CIO, Red Wing Shoe

    Laying a Foundation for the New-Age Retail Industry

    Paul Karras, SVP & CIO, Wilton Brands

    Driving a Performance Culture

    Paul Scorza, CIO, Ahold USA

    Discover the First Mile

    Ruben Martin, Co-Founder &CTO/ COO, Quivers

    The Missing Link for Retail: Closing the Loop between Point of Sale and Marketing

    David Inggs, CTO, VMob

    It all Comes Together in Retail.  In a World of Possibilities, Where to Start?

    Simon Kennedy, CIO, The Warehouse Group

    End to End Supply Chain Planning is the Need of the Hour

    Abel Correa, CIO, Arvind Lifestyle Brands Limited

    right

    Reconceptualizing Retail Rules

    By Apac CIO Outlook | Friday, December 06, 2019
    Tweet

    The primary reasons for growth in the retail industry are due to the demographics, the rise in consumer incomes, real estate developments which includes the emergence of new shopping malls and the emergence of better sourcing options. These factors have leveraged the retail industry, but it also requires policy-making, a cohesive approach, and governance.

    Listed below are few suggestions:

    1. Classifying retail constituents: The scope and size of operations can classify numerous retail components. The retail sector can also be bifurcated into three segments which would comprise of small stores up to a particular size and a small and medium-scale grouping that would cover those in the urban areas and large scale sector which consist of retailers who have more than one store and also includes the online business. This classification would help in catering to the needs of each segment.

    2. Legal framework: After having a clear picture of retail, it is essential to consider employee protection, taxations and legislation, which comes with industry status. Retailers can access institutional credit easily as financial institutions can be provided with industry guidelines concerning lending. This process can help smallest of shop owners to dream of growth and expansion. Industry status can also help companies to smoothen the process of requiring licenses and permissions for opening a store. Franchising is an essential aspect for the growth of retail.

    CHECK OUT : TOP RETAIL TECH COMPANIES IN EUROPE

    3. Skills and Development: Offering education and abilities pertaining to retail has grown prominent over the past few years. Initiatives can be taken to, especially for those who are working in the smaller shops. Some national-level skilling for this particular segment of the workforce will have a large positive effect.

    4. Computerized Billing: Government must look forward to subsidy schemes for the small shopkeepers, which could be a low-cost tablet PC, for billing purpose as they are keen to adopt the digital system and implement a system-based billing mechanism.

    5. Information and Data: It’s advisable to create a national registry of products maintained by manufacturers wherein they talk about every detail of every product they make. Retailers can also have access to this data, and they can even manage the same as it would be cost-effective because of the scale and volume of the usage. Computerized billing helps in maintaining the data at everyone’s fingertips and is a massive boon to the retail and manufacturing sector.

    6. Social security: This is a significant drawback for small shopkeeper. A scheme which benefits small shopkeepers with medical and life cover at nominal cost can have a lasting impact on these people and livelihood.

    tag

    Financial

    Weekly Brief

    loading
    Top 10 DevOps Solution Companies - 2019
    Top 10 DevOps Consulting/Services Companies -2019
    ON THE DECK

    DevOps 2019

    Top Vendors

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Read Also

    Five AI Technologies to Help Boost Business

    Five AI Technologies to Help Boost Business

    Popular E-Commerce Growth Trends in 2021

    Popular E-Commerce Growth Trends in 2021

    Four Reasons to Implement Cloud Managed Services

    Four Reasons to Implement Cloud Managed Services

    Leveraging CRM to Transform Leads Into Customers

    Leveraging CRM to Transform Leads Into Customers

    Major IoT Software Implementation Challenges

    Major IoT Software Implementation Challenges

    Key Advantages of Using Smart Home Technologies

    Key Advantages of Using Smart Home Technologies

    Loading...

    Copyright © 2021 APAC CIOoutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy Policy  |  Sitemap |  Subscribe

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://www.apacciooutlook.com/news/reconceptualizing-retail-rules--nwid-5797.html