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Retail refers to the sale of goods or services from a business to a consumer for personal use.
Retail involves selling products directly to customers
It includes both brick-and-mortar stores and online shopping
Retailers must manage inventory, pricing, and customer service
Examples of retailers include Walmart, Amazon, and Macy's
Top trending discussions
I applied via Job Fair
Not know tge details
How to improve store management
I applied via Recruitment Consulltant and was interviewed in Jun 2024. There were 3 interview rounds.
How will handle a team and conflicts
P&L is calculated by subtracting total expenses from total revenue to determine the profit or loss of a business.
Calculate total revenue by adding up all sales and other income.
Calculate total expenses by adding up all costs such as rent, salaries, and supplies.
Subtract total expenses from total revenue to get the profit or loss.
Formula: Profit/Loss = Total Revenue - Total Expenses
posted on 12 Oct 2024
I applied via Naukri.com and was interviewed in Apr 2024. There were 2 interview rounds.
Experienced retail professional with 10+ years in store management. Skilled in team leadership, sales strategies, and customer service.
10+ years of experience in store management
Strong leadership skills
Proven track record in implementing successful sales strategies
Focused on delivering exceptional customer service
Experienced retail professional with 10+ years in store management. Skilled in team leadership, sales strategies, and customer service.
10+ years of experience in store management
Strong leadership skills
Proven track record in implementing successful sales strategies
Focused on delivering exceptional customer service
Ability to motivate and develop team members
Challenges in retail include competition, changing consumer preferences, inventory management, and employee turnover.
Competition from online retailers impacting foot traffic
Adapting to changing consumer preferences and trends
Effective inventory management to avoid overstock or stockouts
High employee turnover leading to training costs and inconsistency in customer service
I handle conflict by addressing the issue calmly, listening to all parties involved, finding a solution that benefits everyone, and following up to ensure resolution.
Remain calm and composed during conflicts
Listen to all parties involved to understand their perspectives
Find a solution that addresses the concerns of all parties
Follow up to ensure the conflict is resolved and prevent future issues
posted on 28 Aug 2023
I applied via Referral and was interviewed in Jul 2023. There were 3 interview rounds.
Current business trends include digital transformation, remote work, sustainability, and e-commerce growth.
Digital transformation is a key trend, with businesses adopting new technologies to improve operations and customer experience.
Remote work is becoming more common, with many companies offering flexible work arrangements.
Sustainability is a growing focus, with businesses implementing eco-friendly practices and prod...
As a Store Manager, my daily work schedule typically involves overseeing store operations, managing staff, handling customer inquiries, and ensuring sales targets are met.
Creating and implementing daily work schedules for staff
Monitoring inventory levels and ordering stock as needed
Handling customer complaints and resolving issues
Conducting staff meetings and training sessions
Analyzing sales data and setting targets fo
I can make differences by implementing effective strategies, motivating my team, and providing excellent customer service.
Implementing effective strategies to increase sales and improve store operations
Motivating and training team members to perform at their best
Providing excellent customer service to ensure customer satisfaction and loyalty
posted on 13 Apr 2023
I applied via Referral and was interviewed before Apr 2022. There were 2 interview rounds.
To manage the store effectively, I would focus on increasing sales through strategic marketing and promotions, implementing key performance indicators (KPIs) to track progress, and managing staff and inventory efficiently.
Develop and execute a marketing plan to attract new customers and retain existing ones
Analyze sales data to identify trends and adjust inventory accordingly
Implement KPIs such as sales per square foot...
To increase sales, focus on improving customer experience, offering promotions, and expanding product range.
Improve customer experience by training staff to be friendly and knowledgeable
Offer promotions such as buy-one-get-one-free or discounts on bulk purchases
Expand product range to cater to different customer needs and preferences
Utilize social media and email marketing to reach out to potential customers
Analyze sal...
To manage staff and control shrinkage, I would implement effective training programs, establish clear policies and procedures, and regularly monitor inventory levels.
Implement effective training programs to ensure staff are knowledgeable about inventory management and loss prevention techniques
Establish clear policies and procedures for handling inventory and cash transactions
Regularly monitor inventory levels to ident...
posted on 25 Jan 2024
I applied via Walk-in and was interviewed in Jul 2023. There was 1 interview round.
Sales refers to the process of selling products or services to customers, while services involve providing assistance or support to customers after the sale.
Sales focus on generating revenue by selling products or services.
Services involve providing assistance, support, or maintenance to customers.
Sales are transactional and involve the exchange of goods or services for money.
Services are often ongoing and may include ...
based on 27 reviews
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