Arvind Fashions Retail and Store Manager Interview Questions and Answers

P&L stands for Profit and Loss. It consists of revenue, cost of goods sold, gross profit, operating expenses, and net profit.

• Revenue: the income generated from sales

• Cost of goods sold: the cost of producing or purchasing the products sold

• Gross profit: revenue minus cost of goods sold

• Operating expenses: expenses incurred in running the business

• Net profit: gross profit minus operating expenses

• Example: A store's revenue i...read more

Dump & Shrink can be controlled by implementing proper inventory management techniques.

• Regularly monitor inventory levels and adjust ordering accordingly

• Implement a first-in, first-out (FIFO) system to prevent expired products

• Train employees on proper inventory handling and storage techniques

• Conduct regular inventory audits to identify and address any issues

• Analyze sales data to forecast demand and adjust inventory lev

I am currently handling a team of 10 members.

• I have experience in managing teams of various sizes.

• I prioritize effective communication and collaboration within the team.

• I regularly provide feedback and coaching to team members to improve performance.

• I ensure that team members are properly trained and equipped to perform their roles.

• I am able to delegate tasks and responsibilities effectively.

• I am comfortable with perfo...read more

I am looking for an area of approximately X square-feet.

• The required area depends on the size of the store and the products to be sold.

• The area should be sufficient to accommodate all the products and provide a comfortable shopping experience for customers.

• Factors like storage space, checkout counters, and employee areas should also be taken into consideration.

• For example, a small convenience store may require an area ...read more