Reliance Retail Retail Store Manager Interview Questions, Process, and Tips

Retail refers to the sale of goods or services to customers through physical or online stores.

• Retail involves the sale of products or services to customers

• It can be done through physical stores, online stores, or a combination of both

• Retailers purchase products from wholesalers or manufacturers and sell them to customers at a markup

• Retailers must manage inventory, pricing, and customer service to be successful

• Examples

P&L stands for Profit and Loss. It is a financial statement that shows a company's revenues, expenses, and net income or loss over a specific period.

• P&L is used to measure a company's financial performance.

• It shows the revenue generated by the company and the expenses incurred to generate that revenue.

• The difference between revenue and expenses is the net income or loss.

• P&L is important for decision-making and evaluati...read more

P&L is important for retail stores to track financial performance and make informed business decisions.

• P&L helps to identify areas of profitability and loss

• It helps to track expenses and revenue

• It helps to make informed decisions on pricing, inventory, and staffing

• It helps to set financial goals and measure progress towards them

• Example: If P&L shows a loss in a particular department, the store can take steps to improve...read more

F&V receiving process involves inspecting, sorting, and storing fresh fruits and vegetables. Shelf life can be increased by proper handling and storage techniques.

• Inspect incoming produce for quality and freshness

• Sort produce based on ripeness and condition

• Store produce in appropriate temperature and humidity conditions

• Rotate stock to ensure older produce is used first

• Use proper packaging and labeling to prevent spoila...read more