logo

Retail Theory and Practice in UK - Assignment

   

Added on  2021-02-20

12 Pages3259 Words47 Views
 | 
 | 
 | 
Retail Theory and Practice
Retail Theory and Practice in UK - Assignment_1

Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1Relevant changes in the UK fashion clothing market..................................................................1Discusses strategies and tactics....................................................................................................6CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
Retail Theory and Practice in UK - Assignment_2

INTRODUCTIONRetail is process of selling consumer goods and services to customers. It brings outinstitutional changes that takes place when innovators including large business houses and entersinto retail arena. Thus, it termed out as an application which helps to identify the different factorsthat affect the performance of the firm (Alderighi and Nicolini, 2019). With the use of effectiveretail theory and practices, it can be easy to manage the business activity by analysing micro andmacro factors.The Report is based on Retail theory and practices of H&M. It is the Swedishmultinational clothing-retail company known for its fast fashion clothing for men, women,teenagers and children. It will Identify key relevant changes in the UK fashion clothing market. Furthermore, report will describe Pestle analysis of H&M to identify the macroenvironment of the firm. Moreover, report will explain the porter five forces model that helps toidentify the Environmental aspects. Lastly, assignment will describe different strategies andtactics that will help to get success.MAIN BODYRelevant changes in the UK fashion clothing marketOverview; Fashion clothing industry has significantly developed, especially. There are differentchanges in new trends that affects the decision of the firm.The ongoing changes in clothingindustry affects the retailers because development in online markets will reduce the performanceof retailers(Piotrowicz and Cuthbertson, 2019). Therefore, Grocery retailers are facing durablegrowth in an inflationary environment. On other side, the online retailers and pure-online playerscontinue to grow market share as provide better services as compare to retailers. Therefore,clothing retailers has faced many challenges such as high rents of properties is also effects thebusiness of retailers.Pestle analysis: It is the tool or framework used to analyseand monitor the macro-environmentalfactors that may have an Inveterate impact on an organization's performance. There are differentfactors such as political, social, economical, technological, legal, environmental that effects theperformance of the firm.
Retail Theory and Practice in UK - Assignment_3

Political factor — Political stability and instability is created impact on the business negativelyand positively. This can include the different government policies such as tax policies, labourlow, employment low, environmental low, different trade restriction etc. Therefore, H&M hassuccessful brand operates the number of stores in all over the world. Firm has different stores invarious countries and markets that are increase the politically unsuitability Thus, The suddenchanges in taxation policies it brings lower profit to the firm because high tax is created thenegative impact on the operations of the H&M. Due to high taxes, in different countries firmfaced issues related to operations their stores in Kuwait, Egypt, Bahrain, Morocco, Thailand,Israel, Bahrain, Saudi Arabia and Oman. On other side, H&M Is the biggest firm who operatestheir numbers of stores in globally so firm provides high employment to workers, it creates thepositive impact on the performance and productivity of the firm.Figure:1 Pestle analysis
Retail Theory and Practice in UK - Assignment_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Retail Theory and Practice
|11
|3479
|55

(PDF) Perspectives on retail format innovation: Relating theory
|11
|3127
|67

Retail Theory and Practice Assignment : H&M
|9
|3219
|163

Retail Theory and Practice
|9
|2804
|100

Retail Theory and Practice
|12
|3104
|60

(Solution) Pestle Analysis of Zara
|12
|3373
|174