logo

Retail Theory and Practice Assignment - Marks and Spencer

10 Pages3433 Words90 Views
   

Added on  2020-06-05

Retail Theory and Practice Assignment - Marks and Spencer

   Added on 2020-06-05

ShareRelated Documents
Retail theory and practice
Retail Theory and Practice Assignment - Marks and Spencer_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1Summative assessment.....................................................................................................................1Clothing retail sector .............................................................................................................1Ways through which M&S will respond to the issues facing in clothing sector in general andretailer. ...................................................................................................................................4CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
Retail Theory and Practice Assignment - Marks and Spencer_2
INTRODUCTIONFor conducting a research related to course work there are different sources of data havebeen used by researcher. In present assessment, significant and bulk research has conducted byutilizing various secondary sources of research that involves various books, journals and articleswhich have been analysed for getting an appropriate information (Stewart and Shamdasani,2014). Primary research have been conducted to analysed the trends and development in retailsector and activities performed by clothing retail organisation Marks and Spencer to respond theissues facing the sector in general and the retailer. Retail sector is analysed as one of the fastestgrowing sector in UK which deals various of consumers goods and services Marks and Spenceris analysed as global organisation which has its business operations at international level. Theyare responsible to serve almost thousands of people in different countries and regulate theirbusiness with an aim to satisfy the requirements of customers. Summative assessmentClothing retail sector At present, There are wide variety of retailers can be seen in UK which are having arange of corporate and organisation objectives. In general terms, Retail sector of country hasbeen divided and segmented on the basis of various product type that involves food retail,clothing, and other retail business segments (Yu, Ramanathan and Nath, 2014). These businesssegments have achieved a major growth due to continuous changes in market trends anddevelopment of people in country. Clothing retail segment involves a wide range of businessorganisation for whom the objective generation of a surplus rather than a profit. Moreover, thesurplus will them be earned and used to accommodate the objectives of these global businessenterprises. Recent development have been considered for clothing retail organisation such M&Swhich has provided new and attractive apparels as requirements of customers (Piercy, N.F.,2016). Sales trends in clothing retail sector in UK is worth an estimated up to £265bn annuallywhich accounts for 8% of the entire countries GDP and this will further estimate to grow atincreasing rate. Despite this, a down turn in the rate of growth, a more positive view would bethat despite the difficult trading conditions of growth in clothing sector has been maintained.This sector is not suffering the consequences of contraction in sales. For examples; Tesco andSainsbury states that no fashion retailers have done well in the recession as result of fall in pricesand increase in supply of inputs which has led to a boost in profits. M&S clothing retail1
Retail Theory and Practice Assignment - Marks and Spencer_3

End of preview

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

Related Documents
Retail Theory and Practice Assignment
|11
|2904
|143

Impact of Micro and Macro Factors on Business in Global Environment
|6
|675
|93

Fashion Clothing Industry Assignment
|9
|2937
|77

(solved) Leading Business Organisations Assignment
|16
|5157
|188

Report On M&S - SWOT Analysis, PESTLE Analysis
|10
|2565
|202

Strategies for Next Fashion Company in the Retail Industry
|11
|3284
|45