Retail business - Dissertation Example

Only on StudentShare

Extract of sample
Retail business

Due to recession, many retail organizations have reduced their workforce, and the employees feel uncertainty in their jobs. 3. People are likely to lose their jobs, especially men and young employees. The effect of global crisis have been felt by people in different ways, depending on the places they live, industry in which they are employed, occupation, and their personal characteristics. This is an indicator for understanding that, recruitment is an expensive process. It means that retail firms will increase the number of employees only if necessary, and they will only recruit when there is any authentic business case. As an alternative, most firms will go for their existing employees working harder, until the situation come under their control. 4. Unemployment rate is greater for males than females (Figure 1) – The unemployment rate to an extent will affect men more because they are more employed in the retail sectors, and so have the chance to experience job losses. 5. Compared to other sectors in UK, executive salary in the retail sector is so high. In reality, a significant portion of the revenues of UK retail companies are being spent for schemes of employees’ pension and salaries. 6. Unemployment rate increases largely for younger people- The maximum increase in the unemployment rate, was for the population of age group between 18 and 24, as shown in Figure 2 below. ...
Download paper


Economics Findings: 1. Consumer’s mindset has changed during recession, and retailers must focus on strategies that win the heart of the consumers. The impact of recession has influenced consumers’ buying behavior in a big way. Consumers have become more value conscious…
Author : roma19

Related Essays

Retail industries of UK
5 pages (1255 words) Dissertation
Retail Business and Consumer Environment
10 pages (2510 words) Essay
Retail Marketing
12 pages (3012 words) Essay
Retail Marketing
14 pages (3514 words) Essay
Retail Business Analysis
4 pages (1004 words) Research Paper
Retail Marketing
4 pages (1004 words) Essay
Strategic Brand Management REPORT on Dove in the UK
10 pages (2510 words) Essay
The concept of Hybridism (the production of hybrids*) is central for a sustainable retail business'
4 pages (1004 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!