recap-retail “retail involves a business or person that sells goods to the consumer. a wholesaler...

Think pair share:What does this infographic show

you?

Learning Objectives by the end of this lesson students….

Recap-Retail

“Retail involves a business or person that sells goods to the consumer. A wholesaler sells to a business.”

Types of store

Physical Online

(eRetailing)

Today we will be covering

Sub-sectors

Size

Location

Ownership

Format

How do the above terms relate to retail?

Retail involves

Size(Small 0-50, Medium 50-250, Large 250+)

Channels

OwnershipIndependent, Multiple,

Franchise)

Location(Local, Regional, National, Online)

Sub-sector

Retail sub sectors are the different categories of product types.

Sub sectors of a main business, say a car dealership, might be (1) car sales, (2) car maintenance, (3) parts & spares

What sub-sectors do Tesco have? What ‘groups’ of products do the sell?

Sub Sectors

Sub Sectors Product-related ‘sub-divisions’ of the retail industry, e.g. clothing, electrical goods, food and grocery, footwear, DIY, music and video, Insurance etc

Tesco has many sub-sectors within their supermarkets and company as a whole. The sub-sectors of Tesco could be: Fruit and Veg, Dairy, Electrical, Gaming, Entertainment, Hair and Beauty Household, Bank, Insurance

Size

SMALL 0-49

MEDIUM 50-249

LARGE 250+

The size of a business is usually catagorised by the number of employees within the company.

Retail Format

This is the general nature of the retail mix in terms of range of products and services, pricing policy, promotional programmes, operating style or store design and visual merchandising.

Independent

Department store (John Lewis, Debenhams)

Supermarket (Tesco, Morrison's)

Hypermarket (Sports Direct, Tesco, Asda)

Shopping centre's (Westfield's)

Wholesalers (Cosco)

E-retailing

Location

TASK; Which of the below is a Producer, Wholesaler or Retailer? A retail store sells individual items directly to the

consumer. A wholesaler sells to a retailer, often bulk items at a reduced cost.

Ownership

Independent

Multiple retailers are businesses with more than ten branches

Franchise

Which company matches

the correct ownership?

Franchise

Franchised retailers are granted selling rights in a geographical area. The franchisee pays a fee based on sales or an annual rent to the franchisor to operate their business model.

Against the clock

You have 5 minutes in groups (against the sand timer!) to list:

What is retailing?

What is a retail format?

Size?

Now feedback to the class

Pick three organisations and apply your knowledge.

SizeFormat

OwnershipSub-sectors

Task- P1

Describe the sub-sector, channels, format, size, ownership and location of two retail businesses operating in different sub-sectors. (P1)