G-Star Raw: The Future of Retail Stores and Online Strategies

Verified

Added on Ā 2020/04/07

|3
|741
|103
Report
AI Summary
This report examines the evolution of G-Star Raw's retail strategy, particularly its shift towards online platforms to enhance customer reach. The analysis highlights the challenges and successes of this transition, including the adoption of both desktop and mobile applications. It explores the impact of e-commerce on sales, customer behavior, and the overall retail landscape. The report delves into factors influencing online shopping decisions, comparing online and offline shopping experiences. It also addresses issues like consumer security, payment methods, and the importance of trust and user-friendly platforms. Furthermore, the report references several academic sources to understand the theories and factors affecting online shopping, including consumer norms, emotional responses, and the role of customer satisfaction in driving repeat business. It emphasizes the need for retail managers to create a trustworthy, user-friendly platform with money-back guarantees to attract and retain customers in the evolving digital marketplace.
Document Page
The future of the retail store; G-Star Raw
Name
Institution
Professor
Course
Date
G-Star Raw has been running its activities online in an effort to get more clients. The
manager of the actual keep explains the way it has been tough to undertake the e-platform for
enterprise operations. To make online operations powerful, G-Star Raw needed to advance with
changing technological enterprise desires. Changing of enterprise operations according to
technological improvements made it viable to undertake extra than 75% of customers to their on-
line purchasing platform. While adopting online business transactions, it turned into quite
difficult to pick from numerous alternatives the fine mode of operations which turned into high-
quality as desired by G-Star Raw (Stephens 2013, P. 56). The primary two options which seemed
possible for G-Star Raw are; laptop utility or mobile platform applications. Later, G-Star Raw
enterprise adopted both cell application and desktop systems considering maximum of its
customers had turned to computers. Recently, G-Star Raw has noticed a boom on income of
1.24% and 1% on both cellular and computer systems respectively. Besides, G-Star Raw reduced
product annual rate by way of 11% even as increase in purchaser has hit 10,000.
To make online stores extra powerful, Katawetawaraks & Wang (2011, p. 67) makes a
specialty of online purchaser choice making system at the same time as evaluating it with offline
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
selection. Although there may be difference between the two, evaluating the two opportunity
offers a clean implication on what impacts online patron to shop for the product or shun away
from the product. After a considerate issues, both offline and online shopping had greater
attributes which might be common. The best difference turned into on bodily inspection and
interplay of product before buying. While consumer security is guaranteed, online purchasing
attracts greater clients than offline shopping. This changed into specially attributed with comfort
in phrases of purchasing and delivery. The item additionally makes a specialty of factors that
impedes online buying along with unsecured patron payments and gradual transport and negative
technology infrastructure between clients and suppliers. Lastly, according to Katawetawaraks &
Wang (2011, p. 70), managers of retail shops have a duty to decide what must be done to attract
more clients. Managers need to make certain there's accept as true with among retail and clients,
user pleasant platform has been established and money back guarantee in instances product fails
to meet consumer pleasure.
Similarly, according to Bui & Kemp (2013), online buying may be affected by the aid of
other factors along with previous online activities such as patron emotions and norms. Due to the
nature and enjoy of purchasing in regard to technological advancement, online retail enterprise
has modified and incorporated many factors. Online retailing has moved from simply shopping
for of product, it has to element how customers get their product and if it meets their needs. The
point of purchasing has to fulfill patron needs and security measures. This brings up an
integrated version that contains distinctive aspects that makes on line patron sense glad and
inclined to return for more product (Klanten, Ehmann & Borges 2013, P. 145). The item
evaluates in depth thing on various theories that have an effect on on-line shopping for and nice
Document Page
correlation among consumer norms, emotional reaction and repeat actions of online buying
method.
Bibliography
Katawetawaraks, C & Wang, C. 2011. Online Shopper Behavior: Influences of Online Shopping
Decision. Asian Journal of Business Research Volume 1 Number 2 2011.pp. 66-72
Klanten, R., Ehmann, S., & Borges, S. 2013. Brand spaces: branded architecture and the future
of retail design. Berlin, Gestalten.
M-y Bui & Elyria Kemp. 2013. "E-tail emotion regulation: examining online hedonic product
purchasesā€. International Journal of Retail & Distribution Management, Vol. 41 Iss: 2 pp. 155 –
170
Stephens, D. 2013. The retail revival: reimagining business in the new age of consumerism.
Toronto, J. Wiley & Sons Canada.
chevron_up_icon
1 out of 3
circle_padding
hide_on_mobile
zoom_out_icon
[object Object]