An Informative, Animated Way of Looking at the Impact of Retailing

Posted on June 15, 2016 by bermanevansretail
Retailing has a complex infrastructure with millions of retailers and store locations, not to mention clicks-only and bricks-and-firms. So, how can we better understand it?
Retale has devised an animated infographic that is easy to understand and analyze. Here are some conclusions from that infographic:
  • “Out of 100 employees, how many work in retail? With a 14% share of the U.S. economy, retail is the biggest industry after education and health services.”
  • “What is the gender makeup of the retail industry? The gender-split is quite equal compared to many other industries, but still slightly less than the national average (46.80%).”
  • “How are age groups dispersed among the retail workforce? The retail workforce is dominated by millennials with nearly 2/3 below the age of 44 and another 29% younger than 24.”
  • “How would 100 employees be distributed across retail sectors? Perhaps unsurprisingly, people are employed where the product demand seems to be the highest and where the product life cycle is sometimes lower.”
  • “How would every $100 be spent? Turns out not even life essentials can compete with that new-jeans feeling. We spend twice as much on apparel as we do on food — and seven times more on our appearance than on furnishing our homes.”

 

To see the infographic and learn about many other aspects of the retail industry, click the image below.


 

Posted in Career Useful Information, Careers in Retailing, Online Retailing, Part 1: Overview/Planning, Part 2: Ownership, Strategy Mix, Online, Nontraditional, Part 3: Targeting Customers and Gathering Information, Part 5: Managing a Retail Business, Part 6: Merchandise Management and Pricing, Part 7: Communicating with the Customer, Part 8: Putting It All Together | Tagged , , , , , , , , | 1 Comment

Customers That Make Employees Want to Hide

Posted on June 14, 2016 by bermanevansretail
As we have noted many times, the quality of customer service may make or break a retail store. But what are employees supposed to do when customers exhibit bad (sometimes abusive) behavior?
What would YOU do if customers go overboard?

 

 

Posted in Part 1: Overview/Planning, Part 2: Ownership, Strategy Mix, Online, Nontraditional, Part 3: Targeting Customers and Gathering Information, Part 5: Managing a Retail Business, Part 7: Communicating with the Customer, Video Clips (non-career) | Tagged , , , , , , , | 3 Comments

Tips for Making a Move from a Bad Career Track

Posted on June 13, 2016 by bermanevansretail
We all aspire to great careers — with jobs that we find fulfilling, that have cooperative workmates, that have bosses who respect us and our abilities, that have the potential for upward mobility, and that compensate us fairly.
So, happens when our career goals are not being fulfilled?
Here are some observations from By J.T. O’Donnell, Founder and CEO, CareerHMO.com — writing for Inc.:
“Step 1: Get clear on your pivot. You need to choose a new career direction based on the facts. What problems do you want to solve? What skills do you want to leverage? How do you want to provide value to an employer?  The more specific you can be about your new career direction, the easier it will be to connect the dots and get a new job doing what you want.” [Click the preceding link to access a free quiz.]
“Step 2: Create an ‘interview bucket list.’ A targeted, proactive job search always produces better results. When you identify the companies you would most like to work for, you can build a job search plan that lets you work smarter.” [Click the preceding link to access interview bucket list tips.]
“Step 3: Make new career friends. It still holds true that 80 percent of all jobs are obtained via referral. If you are changing careers, you need to meet people who are working for the companies on your interview bucket list.”
“Step 4: Seek a ‘lily pad’ job. Getting a job at a company that has the kind of career opportunities you want to move into might start with you doing something for them that leverages the skills you gained in the career you’re trying to get out of. Once you’ve got your foot in the door, you can use your professional savvy to impress the employer into giving you a shot at doing what you really want to do.”

 
Click the image to read tips from O’Donnell regarding each of the above steps.

CREDIT: Getty Images


 

Posted in Career Useful Information, Careers in Retailing, Part 5: Managing a Retail Business | Tagged , , , , , , , , , , , , | 1 Comment