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Which costing method is most suitable for Retail Supermarkets/Hypermarkets? Can you explain?

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Question added by NIZAR PUTTENKUNNU , Group Finance Manager , Refa Gifts Markets LLC & Group of Companies
Date Posted: 2014/03/31
Vidyut Chandra Patange
by Vidyut Chandra Patange , CONSULTANT & TRAINER , SRH MANAGEMENT CONSULTANTS AND TRAINERS

Hypermarket operators tweak models to cut costs, increase margins

They plan to cut shop sizes and look at opening standalone stores after years of losses

Spencer’s are tweaking their operating strategies to improve store productivity and bolster margins. due to high common area maintenance (CAM) charges, built-up charges and rents, which eat into its income. “Apart from saving us high costs, it also helps customers in terms of commuting and parking,” Since hypermarkets are considered a long gestation business, tweaking models to cut costs and improve margins are crucial,“We are investing heavily in customer service. We are reducing the billing time by50 per cent so that if shoppers were taking five minutes to check out, we want to bring it down to half. We also want to reduce the time taken to find products by50 per cent,” Kampani said.

John Piterson
by John Piterson , Trumpeter , Sportland

Hey! Dollar General Corporation is a well-known retail chain in the United States, specializing in providing customers with a wide range of everyday essentials at affordable prices, check more here https://dollar-general-corporation.pissedconsumer.com/review.html . It's known for its focus on providing everyday items, including household goods, cleaning supplies, groceries, health and beauty products, clothing, and more.

 

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