“What business is McDonald’s into?” was the question once asked by the founder of McDonald’s Ray Kroc to graduating students of a prestigious Management school. Most of the students quickly replied, “Selling hamburgers and fast food”. Ray Kroc smiling replied, “We are a Real Estate Investment Trust (REIT)”. A lot of us don’t realize that McDonald’s isn’t […]
“$48 billions worth of goods are lost annually due to Retail Shrinkage” Have you ever noticed while shopping in a hypermarket that store staffs are busy replenishing stocks on the self, checking or changing price tags, if “Yes”, then please read this article as it would give you insights to appreciate retail store staff’s efforts […]
Have you ever noticed while shopping in a hypermarket that store staffs are busy replenishing stocks on the self, checking or changing price tags, if “Yes”, then please read this article as it would give you insights to appreciate retail store staff’s efforts to reduce “Retail shrinkage”. My inspiration to write this article is my […]
During the course of my work, I regularly meet people from my retail fraternity and during one such meeting, I happened to visit offices of Majid Al Futtaim in Dubai and was truly inspired by a placard (placed at the entrance of lobby) of Group’s Vision & Brand promise which states “Great moments for everyone, […]
As I embark on writing my first article of 2018, I have just completed penning my Goals for 2018 and one of my set Goal for 2018 is to acquire a new skill set. I am still contemplating as to what that skill set would be but it is going to be definitely related […]
As most of my readers know that I am very passionate about Retail management and have been responsible for managing some of the regional brands in terms of Retail operations, Brand management, merchandising planning, Sales, Visual Merchandising. I have always noticed that most of Retail CEOs/ CFOs often takes a downward look when it comes […]
My Inspiration to write on this topic came from one research study conducted by one of leading Management advisory group who had highlighted the reasons pertaining to failures of family-owned businesses as they approach their 2nd or 3rd generations. Passing control from one generation to the next is a critical moment for a family-owned business. It can […]
As I embark to write this article on visual merchandising which is often kept at last number in the priority list of Retail CEOs, COOs or is often left to Operations team to decide & manage along with store operation. I feel it is important to highlight the importance of Visual merchandising in brand building […]
“How to become resilient and handle rejections?” asked one of my Linkedin.com connections who had approached me for help in circulating his resume amongst my retail network. Below was my reply to my connection which I am trying to narrate to you all in this article. I narrated a quote from the famous Urdu poet […]
To write this article, I was inspired by the response that my previous article got i.e. on Markdowns in retail, which got read by over 10,000 retail professionals worldwide right from Australia to the UK and of course middle eastern countries. In continuation of my earlier blog on Markdowns topic, I would like to […]
