UGA TXMI 5250 - Final Exam Study Guide (16 pages)

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Final Exam Study Guide



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Final Exam Study Guide

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Pages:
16
Type:
Study Guide
School:
University of Georgia
Course:
Txmi 5250 - Global Retail
Global Retail Documents

Unformatted text preview:

TXMI 5250 Exam 4 Study Guide Retailing in UK Belgium and Netherlands Brief Intro European Retailing Adoption of new technology depends on o Scale Compares population to retail sales Germany and France are the two most populated countries in Europe so they typically have higher retail sales UK had highest retail sales in EU on apparel o Concentration Large retailers use efficient logistic systems Is it fragmented mom and pops or concentrated In EU the concentration is getting higher big players buying out smaller No Italian companies on the top list In the UK 2 3 of stores are independently owned CBD are called high streets in UK o Forms of Business Chain stores 10 or more in US called multiples there not a lot of chains in the EU o Regulation Most laws have to do with large scale formats Planning laws strictest Belgium Netherlands and France more chains creating small stores called hard discounters 700 SKUs little convenient stores for low process Former Soviet Block States laws are loose there o Profitability Needs to foster innovations and development Any item has to stay at full price for 28 days before you can mark it half off helps mom and pops because they can t compete with the half off prices Big 4 France Germany Italy and UK largest populations and stable governments The European Union 28 nations Bulgaria Romania and Croatia recently joined 28 of all world trade 500 million population Over 17 trillion in GDP Cannot see them as one nation Green Countries o Didn t want to join EU o Iceland Norway Switzerland and Lichtenstein Started with EU Coal and Steel community in 1950 was a way to have peace and stability and free trade 6 countries started it Gradual process to unification Single Currency o There is no single currency o Eastern nations still cannot adopt the Euro because they are not stable enough o Germany bailed out Greece because they both use Euro Common Language o 23 languages o 90 of schools teach English Turkey o Has been on the waiting list since



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