Page 44 - DMGT553_RETAIL_STORE_MANAGEMENT

Unit 3: Pre-Store Opening

Store Budget & Financial Notes
Store Administration
Store Staffing & Scheduling

Store Security
Loss Preventions & Shrinkage
Cash Management
Customer Service

3.1.3 Pre Store Opening Task

Following activities are required to be performed while deciding to open a new store.

Land/estate team in finalizing
Merchandising Team the premises
Understand Customer requirements
Get plans and location

Analyze buying habits
Scout for premises
Competition study

Operation approvals
Area of store/layout and target
Legal team fulfils mandatory
Freeze Merchandise Mix requirements
Initiate placing orders

Various Licenses
Human Resource
Project Team

Recruitment & Training
Self Assessment

Fill in the blanks:
1. Store operation is about ................................. the strategies and policies of the retail.
2. There are ................................. of resources available to help you reach your goal and show
you how to open a new store.
3.2 Filling the Store with Merchandise

Visual merchandising is concerned with presenting products to customers within the retail
space. It is a term sometimes used as an alternative to merchandise display, but these days is

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