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The Retailing Book

The Retailing Book

Paul Freathy

(2003)

Additional Information

Book Details

Abstract

The Retailing Book is the definitive guide to retailing and retail management, providing a comprehensive strategic and operational approach to the subject. Drawing upon the knowledge and experience of leading retail academics and practioners, this text offers an overview of the main strategic functions within retailing and illustrates their operations through a series of "real-life" case studies. Essential for those studying retailing, retail management and retail marketing at undergraduate level, The Retailing Book offers broader coverage of the subject than any other retail texts.

Table of Contents

Section Title Page Action Price
Cover Cover
The Retailing Book i
Contents vii
Preface xv
Introduction xvii
List of contributors xxi
Acknowledgements xxvii
Publisher’s Acknowledgements xxix
Part 1 The retail context 1
The retail context: An overview 3
Introduction 3
Culture and retail consumers 5
Retail locations and outlets 11
Shopkeepers and retail managers 14
Product sourcing and distribution 17
Business relationships 19
Merchandising and selling 21
The state of the retail world 22
Future retailing 27
Summary 29
The internationalisation of grocery retailing 31
Introduction 31
Retail internationalisation in theory: patterns and process 32
Retail internationalisation in practice: four case studies 33
Summary 43
Discussion questions 44
Commercial activities and the airport sector: Current issues and future threats 45
Introduction 45
Influences on the development of European airports 45
The creation of a single European market 48
Strategic responses to abolition 49
Summary 51
Discussion questions 52
Part 2 Strategic planning in retailing 53
Managing the strategic environment 55
Introduction 55
What is strategic management? 56
Strategic decision making in practice 56
A model for strategic management 57
Summary 70
Ethical standards in business 71
Introduction 71
From famine at Rhodes to modern retailing 71
Ethics in modern retailing 72
A stakeholder model 73
So how do we define ‘ethical retailing’? 75
Finally: a hypothetical case study 76
Discussion questions 79
Understanding finance 80
Introduction 80
Old friends 80
Raising equity capital 81
Growing the business 82
Debt finance 83
Discussion questions 86
Part 3 Retail development 87
The retail development process: An overview 89
Introduction 89
The retail development process 90
Land use planning 92
Types of retail development 96
The development process in relation to retailer requirements 102
Summary 105
The impact of retail planning on city centre development 107
Introduction 107
Background 107
The new liberalism 108
Post liberalism 110
The popularity and impact of the larger centres 111
The proposal 113
The task 114
Revitalising the town centre: The example of Achmore 115
Introduction 115
Background 115
Achmore: town and environment 116
Leadership within the town centre 117
Achmore TCM scheme: the first three years 118
TCM funding 120
TCM marketing 120
Summary 122
Discussion questions 122
Part 4 Retail marketing 123
Retail marketing 125
Introduction 125
Customers, objectives and exchanges 127
So what is marketing? 129
Marketing: concept to practice 131
Exchange and value 132
Business–customer exchange process 134
Summary 142
Using information to understand the customer 143
Introduction 143
Background 143
Current business 144
Potential business acquisition 147
Comparison of characteristics/factors influencing the acquisition 148
Discussion questions 154
Fast Retailing: We won’t tell you what to wear 155
Introduction 155
Background 155
Supply chain management and customer responsiveness 156
An enviable dilemma 159
Uniqlo: areas for expansion 161
Summary 165
Discussion questions 165
Part 5 Human resource management 167
Human resource management issues in retailing 169
Introduction 169
Composition of retail employment 171
Gender distribution 171
Age distribution 173
Ethnic minority employment 174
Characteristics related to the composition of the labour market 175
Issues affecting employment change in retailing 180
Prospects for retail employment 184
Summary 185
Labour turnover in the retail industry 187
Introduction 187
Background 187
Ashley’s labour turnover 188
Research at Ashley’s 193
Analysis of results 195
Discussion questions 200
Superquinn: The specialists in fresh foods 201
Introduction 201
Market background 201
The company 202
The Boomerang Principle 206
Summary 207
Task 208
Part 6 Buying and merchandising 209
Retail buying and merchandising 211
Introduction 211
The challenge: managing product life cycles 212
The buying and merchandising function 216
The merchandise management process 217
Sourcing and supplier relationships 221
Product selection and development 224
Supplier analysis 225
Summary 226
Buying and merchandising in the retail fashion industry 228
Introduction 228
Background 228
The history of Next 229
Store profile 230
Next Directory 230
Buying and merchandising 231
The product cycle 231
Summary 237
Discussion questions 238
Relationships in a complex supply chain: The growing, exporting, importing and retailing of fresh vegetables 239
Introduction 239
The UK grocery retail market 239
The UK grocery consumer 239
The fresh fruit and vegetables sector 240
The supply chain from farm to retailer 242
Relationships in the supply chain 244
Summary 246
Discussion questions 246
Part 7 Retail logistics 249
Retail logistics 251
Introduction 251
The logistics task 253
Retail logistics transformation 257
New approaches in retail logistics 261
Future issues for retail logistics 267
Summary 271
Online shopping: The logistics issues 273
Introduction 273
The market 273
The grocery sector 274
E-fulfilment in the grocery sector 277
Outsourcing of home delivery operations 283
Summary 284
Discussion questions 285
Internationalising through strategic alliances: The Swedish food retailer ICA 286
Introduction 286
Background 286
The Swedish food industry 287
Removing protectionism 288
Building relationships in the new environment 289
ICA involvement in AMS 290
Discussion questions 293
Part 8 Retail futures 295
Retailing and the millennium 297
Introduction 297
Problems of prediction 297
The influence of the external environment 299
A vision of the future 301
Understanding the past through theories of retail change 303
The future 306
Future scenarios 307
Summary 308
E-commerce and the future of retail delivery 311
Introduction 311
The challenge 311
The scale and nature of e-commerce 313
Evidence from practitioners 315
The Tesco experience 318
Prospects for retail delivery 318
Hamilton’s positioning 320
Discussion questions 322
The future of transaction systems 323
Introduction 323
Towards a cashless society 323
Cash 324
Paper cheques 325
Debit cards 325
Credit cards 327
Charge cards 328
Store cards 328
Retailers’ responses 329
The smart card 330
Discussion questions 331
Answers to self-assessment questions 332
References 339
Glossary 354
Index 360