Retailing System: Changes, Future, and Recommendations

Running Head: RETAILING SYSTEM 1
Retail Management

Running Head: RETAILING SYSTEM 2
Executive Summary
Due to the increasing competition, it becomes essential for the retailing firms to bring
innovation. Due to this, customers’ expectations are also frequently changes. This is the
reason due to which every organisation has started giving more emphasis on the online
channel in Australia. In the world of digital media, it is essential for the retailers to start
online channel.

Running Head: RETAILING SYSTEM 3
Contents
Introduction................................................................................................................................3
Retailing system in Australia.....................................................................................................3
Major changes and development in the retailing system...........................................................4
Retail life cycle.......................................................................................................................4
Wheel of retailing...................................................................................................................4
Key drivers of the retail format change......................................................................................4
Future face of retailing in Australia...........................................................................................6
Alternate retail stores..............................................................................................................6
Conclusion..................................................................................................................................7
Recommendations......................................................................................................................7
References..................................................................................................................................8

Running Head: RETAILING SYSTEM 4
Introduction
Retailing is said to be the process that further assist the customer in purchase the products
from the retail stores. It therefore gives focus on the retail sales elements that helps in
satisfying the customers. In the report, discussion is carried on the emergence of retailing
system in Australia (Beynon-Davies, 2018). Afterwards, it has extended to the changes that
have brought in the retailing system. In the further section, discussion has been carried on
future face of retailing. At the end of report, recommendation has been provided that will
help the organisation in improving the retail system.
Retailing system in Australia
Retailing is said to be the process where retailers directly make the sale of their products to
the customers in less quantity. Although Australia is not seen as, the hub of biggest industries
in retailing but it has some of the top retailers such as Woolworths (Farfan, 2018). It has
effectively ensured its brand image in the market of Australia. Afterwards, it has led to the
establishment of the COSTCO and Aldi in the market of Australia. Due to the changing
nature of the customers, digital channels have also added the value to the retailing system in
Australia. Retailing system has also helped the several firms to gain the higher revenue
(McArthur, Weaven and Dant, 2016).
Different types of retailing system have been prevalent in Australia such as:
 Discount stores
 Departmental stores
Discount stores tend to offer their products at the lower price as compare to the retailing
stores. Target as well as Wal-Mart comes under the most popular discount stores in Australia.
They offer the wide range of products including cosmetics and apparel. These kinds of stores
usually add the products frequent. In this way, they have high volume of sales, due to this,
they offer the products at the lower price as compare to the departmental stores.
As compare to this, departmental stores are those retail establishments that offer the wide
range of consumer goods in several product categories known as department. The sub
departments of departmental stores is organised under one roof. Usually, it includes several