Lecture Marketing: The core (5/e): Chapter 13 – Kerin, Hartley, Rudelius

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Lecture Marketing: The core (5/e): Chapter 13 – Kerin, Hartley, Rudelius

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Chapter 13: Retailing and wholesaling. In this chapter, you learned to: Identify retailers in terms of the utilities they provide, explain the alternative ways to classify retail outlets, describe the many methods of nonstore retailing, specify the retailing mix actions used to implement a retailing strategy, explain changes in retailing with the wheel of retailing and the retail life cycle concepts, describe the types of firms that perform wholesaling activities and their functions.

                                McGraw­Hill/Irwin                                                                                           Copyright © 2013 by The McGraw­Hill Companies, Inc.  All rights reserved LEARNING OBJECTIVES (LO) AFTER READING CHAPTER 13, YOU SHOULD BE ABLE TO: LO1 Identify retailers in terms of the utilities they provide LO2 Explain the alternative ways to classify retail outlets LO3 Describe the many methods of nonstore retailing 13­2 LEARNING OBJECTIVES (LO) AFTER READING CHAPTER 13, YOU SHOULD BE ABLE TO: LO4 Specify the retailing mix actions used to implement a retailing strategy LO5 Explain changes in retailing with the wheel of retailing and the retail life cycle concepts LO6 Describe the types of firms that perform wholesaling activities and their functions 13­3 RETAILERS LOVE IT WHEN THE MAYOR VISITS! 13­4 THE VALUE OF RETAILING LO1  Retailing  Consumer Utilities Offered by Retailing CarMax Video  • Place • Form • Possession • Time The Global Economic Impact of Retailing 13­5 FIGURE 13-1 Which retailer best provides which utilities? 13­6 LO2 CLASSIFYING RETAIL OUTLETS  Form of Ownership  Level of Service  Merchandise Line 13­7 LO2 MAKING RESPONSIBLE DECISIONS GREEN ISN’T JUST A COLOR TO RETAILERS IT’S A VALUE! 13­8 LO2 CLASSIFYING RETAIL OUTLETS FORM OF OWNERSHIP  Independent Retailer  Corporate Chain  Contractual Systems • Wholesaler-Sponsored Voluntary Chains • Retailer-Sponsored Cooperatives 13­9 LO2  CLASSIFYING RETAIL OUTLETS FORM OF OWNERSHIP Contractual Systems • Franchising  Business-Format Franchises  Product-Distribution Franchises 13­10 FIGURE 13-3 Elements of a retailing strategy 13­20 RETAILING STRATEGY LO4 RETAILING MIX  Retailing Mix  Retail Pricing • Original Markup • Maintained Markup • Gross Margin  Markdown 13­21 LO4 RETAILING STRATEGY RETAILING MIX  Everyday Low Pricing (EDLP)  Everyday Fair Pricing  Benchmark or Signpost Items 13­22 LO4  RETAILING STRATEGY RETAILING MIX Off-Price Retailing • Warehouse Club • Outlet Store • Single/Extreme Value Store 13­23 RETAILING STRATEGY LO4  RETAILING MIX Store Location • Central Business District • Regional Shopping Centers  Anchor Stores • Community Shopping Center • Strip Mall • Power Center 13­24 RETAILING STRATEGY LO4  RETAILING MIX Retail Communication • Image • Shopper Marketing  Merchandise • Category Management • Marketing Metrics  Sales per Sq Ft  Same Store Sales 13­25 USING MARKETING DASHBOARDS LO4 Why Apple Stores May Be the Best in the United States! Sales per Square Foot ($) and Same Store Sales Growth (%) Sales per Square Foot ($) = Total Sales ($) Selling Area in Square Feet (#) 13­26 LO4  RETAILING STRATEGY POSITIONING A RETAIL STORE Retail Positioning Matrix • Breadth of Product Line • Value Added 13­27 FIGURE 13-C The four positioning strategies for retailers 13­28 LO5 THE CHANGING NATURE OF RETAILING THE WHEEL OF RETAILING AND RETAIL LIFE CYCLE  Wheel of Retailing  Retail Life Cycle  Multichannel Retailers 13­29 FIGURE 13-4 The wheel of retailing describes how outlets change over time 13­30 FIGURE 13-5 The retail life cycle describes the stage of growth and decline for retail outlets 13­31 WHOLESALING LO6  Merchant Wholesalers • Full-Service Wholesalers  General Merchandise (Full-Line) Wholesalers  Specialty Merchandise (Limited-Line) Wholesalers 13­32 WHOLESALING LO6  Merchant Wholesalers • Limited-Service Wholesalers  Rack Jobbers  Cash and Carry Wholesalers  Drop Shippers/Desk Jobbers  Truck Jobbers 13­33 WHOLESALING LO6  Agents and Brokers • Manufacturer’s Agents or Representatives • Selling Agents • Brokers  Manufacturers • Branch Offices • Sales Offices 13­34 ... AFTER READING CHAPTER 13, YOU SHOULD BE ABLE TO: LO1 Identify retailers in terms of the utilities they provide LO2 Explain the alternative ways to classify retail outlets LO3 Describe the many methods... retailing with the wheel of retailing and the retail life cycle concepts LO6 Describe the types of firms that perform wholesaling activities and their functions 13 3 RETAILERS LOVE IT WHEN THE MAYOR... VISITS! 13 4 THE VALUE OF RETAILING LO1  Retailing  Consumer Utilities Offered by Retailing CarMax Video  • Place • Form • Possession • Time The Global Economic Impact of Retailing 13 5 FIGURE 13- 1

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