Consumer today, is really, the
king. He has sufficiently
large choices available for almost all products and
services. Well, we must be thankful to the government's move of opening
up the economy in 1991 to initiate the process of liberalization
and globalization. Today, global brands and indigenous brands
are competing, which from all points of view is good for the consumers.
No one can deny that there is a significant change in
consumer buying habits. The markets have also undergone significant
changes over the years. A new picture of the markets has emerged during
recent years. A widely seen phenomenon today is the emergence of
shopping malls, which definitely have an edge over the traditional round
the corner kirana stores. Today, all the cities boast of large retail
stores having most of the household items under one roof. These stores do
not have limitations in terms of investment, store space and
shelf space, number or range of products, etc. Such stores have a
really attractive and comfortable ambience. The stores are brightly
lit, air-conditioned and also offer various discounts and schemes
to woo consumers. Another advantage is that these stores accept
debit/credit cards, while the small shopkeepers sell for cash only.
All goods are displayed on racks and it is easier for the buyers to
get information about the products in the large retail stores. Thus, in
many ways, large retail stores are better than traditional stores
and convenient for the consumers to shop. Many of the stores also
offer the provision of home delivery.
Visual merchandising is the name given to the display of products
on the racks and shelves of the stores with the objective of making
the buying experience more easier and pleasant. Visual
merchandising makes the marketing of the product really convenient. However,
visual merchandising has one disadvantage in that it is easier for individuals
to steal small items like chocolates that can be pocketed and carried out
of the store easily without attracting anyone's attention.
Visual merchandising plays an important role in enhancing the sales of
large retail stores. |