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Topic: Retail Business: Slavetzky Group

Retail business involves the sale of goods to consumers. It serves functions like sorting, delivering goods, storing items, and marketing to customers. The history of retail began with local merchants in the 1800s and evolved to include department stores in the early 1900s. Software has played an increasing role in retail, helping with tasks like inventory management, scheduling, and online sales. Popular software includes HR, accounting, and e-commerce programs. The emergence of e-commerce has significantly impacted the retail industry in recent decades.

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Zaiden John Roquio
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32 views

Topic: Retail Business: Slavetzky Group

Retail business involves the sale of goods to consumers. It serves functions like sorting, delivering goods, storing items, and marketing to customers. The history of retail began with local merchants in the 1800s and evolved to include department stores in the early 1900s. Software has played an increasing role in retail, helping with tasks like inventory management, scheduling, and online sales. Popular software includes HR, accounting, and e-commerce programs. The emergence of e-commerce has significantly impacted the retail industry in recent decades.

Uploaded by

Zaiden John Roquio
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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TOPIC:

RETAIL
BUSINESS
SLAVETZKY GROUP
SUB-TOPICS
• USES OF RETAIL BUSINESS
• FUNCTIONS OF RETAIL BUSINESS
• HISTORY OF RETAIL BUSINESS
• WHO CREATED RETAIL BUSINESS
• EXAMPLES OF RETAIL BUSINESS
• USES FUNCTIONS OF APPLICATION
SOFTWARE IN RETAIL BUSINESS
• WHO INITIATED THE USE OF SOFTWARE IN
RETAIL BUSINESS
• DEVELOPMENT and HISTORY OF SOFTWARE
IN RETAIL BUSINESS
• EXAMPLE OF APPLICATION SOFTWARE USED
IN RETAIL BUSINESS
• EMERGENCE OF ECOMMERCE
USE OF RETAIL BUSINESS
• Retail business is use whenever there is a transaction of small quantities of goods
between a retailer and the customer where the good is not bought for the resale purpose.
Retailing is the distribution process of retailer getting the goods (either from the
manufacturer, wholesaler, or agents) and selling them to the customers for the actual use.
FUNCTIONS OF RETAIL
BUSINESS

• Sorting
• Delivery of the goods to the end consumer
• Stores the goods according to market requirement
• Breaking Bulk
• Channel of Communication
• Marketing
• Offers wide variety of customers and enticing price range in a product line
HISTORY OF RETAIL BUSINESS
1800s: Retail was predominantly made up of local merchants who provided full service to customers.

1810-1877:Business historians often credit a Parisian retailer named Aristede Bouciaut (1810-1877) for
developing the first department store. Called Le Bon Marche, this establishment featured the latest
fashions and accessories within a spectacular setting.

1900s: U.S. retailers from Boston to Richmond and from New York to Chicago quickly adopted Le Bon
Marche layout and services and the modern department store was born.
many department stores closed and were
replaced by discount department stores,
over 4,000 department stores operated shopping centers and large malls which
nationwide with many new stores opening soon accounted for 35% of the entire U.S.
in suburban areas.   retail market.

1960s 1990s

1950s 1970s

over half of the post-war department stores where the utilization of the Internet
had closed their doors. drastically impacted the retail industry and
continues to drive product and marketing
innovation to this day.
WHO CREATED
RETAIL BUSINESS

As early as 9000 BC, people were already exchanging


livestock animals but there was still no formal venue
for selling or trade until around 800 BC when people
of ancient Greece formed markets with merchants
selling their wares in the Agora in the city center.

In the 18th century “mom and pop” stores or small


family-owned businesses were plentiful in United
States, these stores were drug stores or general stores
selling everything from groceries and fabrics to toys
and tools.
EXAMPLE OF
RETAIL BUSINESS
1. Specialty Store (Home Depot, IKEA)
2. Department Store (Keds, Silverworks, Lee,
Jag)
3. Supermarkets
(Savemore,Puregold,Robinson’s Supermarket)
4. Convenience Stores (7-Eleven, Mini-stop,
Sari Sari Store)
5. Drug Stores (Mercury Drug Store, Watsons
Pharmacy, Generika)
6. Discount Stores (Thrifty Clothes, Just 28
store, Korean surplus)
Software in Retail
Business
• Technology has certainly become influential in
the retail industry over the last decade, and its
influence keeps growing.
• If you want to run a successful retail business
today, you have to connect with your
customers when and how they want. As
technology touches every stage of your
customers’ buying journey, it’s vital to choose
the right retail software solution for your
company.
FUNCTION OF APPLICATION
SOFTWARE IN RETAIL BUSINESS
 

• Quality and Consistency


• Time Savings
• Metric Availability
• Optimized Operational
Efficiency.
• Minimized Turnaround Times
• Reduced Labor Costs - 
• In the early days of white collar business automation, large mainframe computers were
used to tackle the most tedious jobs, like bank cheque clearing and factory accounting.
Factory accounting software was among the most widely-used early business software
tools and included the automation of general ledgers, fixed assets inventory ledgers, cost
DEVELOPMENT accounting ledgers, accounts receivable ledgers, and accounts payable ledgers
(including payroll, life insurance, health insurance, federal and state insurance and
and HISTORY OF retirement).

SOFTWARE IN • One of the most noticeable, widespread changes in business software was the word
processor, whose rapid rise caused the decline of the ubiquitous IBM typewriter in the
RETAIL 1980s, as millions of companies switched to using Word Perfect, and later 
Microsoft Word. Other popular computer programs for business were mathematical
BUSINESS spreadsheet programs such as Lotus 1-2-3, and later Microsoft Excel.
• In the 1990s business shifted towards globalism, with the appearance of SAP software,
which coordinates a supply-chain of vendors in order to streamline the operation of
factory manufacturing. This process was triggered and vastly accelerated by the advent
of the internet.
• The next phase in the evolution of business software is being driven by the emergence
of robotic process automation (RPA), which involves identifying and automating highly
repetitive tasks and processes, with an aim to drive operational efficiency, reduce costs
and limit human error.
WHO INITIATED THE USE OF
SOFTWARE IN RETAIL BUSINESS

• The back story on enterprise software can be traced all the way to the
1700s with punched cards, but computing really got its legs at end of the
19th century when Herman Hollierth founded the company that would
eventually become International Business Machines (IBM). From there,
mainframes and supercomputers dominated throughout the early to mid
1900s. Further advances led to the birth of new stages in computing: the
minicomputer, and the early stages of enterprise software.
EXAMPLE OF APPLICATION SOFTWARE USED IN RETAIL BUSINESS

1. Human Resource Information


System (HRIS)
2. Inventory Control System
3. Communication Software
4. Accounting Software 
5. Service Management Solution
6. Reservation Software
7. Schedule Management System 
8. Demand Forecasting Software
• Word Processor - a piece of application
software that allows the user to create, edit,
Popular format, and print written documents
Application
• Scheduling Software - a type of business
Software Add- software that helps an organization allocate
Ons that are resources, assign shifts, and understand exactly
used in Retail who is working and what individuals are paid for
Business that work
• Spreadsheet - a computer-based document that
displays data in a grid format and allows the user
to enter and manipulate data, and to perform
accounting functions
EMERGENCE OF ECOMMERCE
• Ecommerce software
- It allows a business to sell products and services online. Whenever you buy or sell
something over the internet, you’re involved in ecommerce. Example ecommerce
application software: shopify and 3dcart.
REFERENCES

• (Pahwa, 2021) https://www.feedough.com/what-is-retail-retailing-types-functions-characteristics/

• (Bhasin, 2018) https://www.marketing91.com/functions-of-retailing/

• Lumen learning. (2017). The Evolution of Retail. Retrieved from


https://courses.lumenlearning.com/wmopen-retailmanagement/chapter/the-evolution-of-retail/
• Stephanie, B. (2015). The History of retail: a timeline. Retrieved from https://www.lightspeedhq.com/blog/the-history-of-retail-a-timeline/

• Meyer, S. (n.d.). The History and Evolution of Retail Stores: From Mom and Pop to Online Shops. Retrieved from
https://www.bigcommerce.com/blog/retail/#the-ecommerce-effect-on-retail
• Anastasia Z.,2018 https://rubygarage.org/blog/types-of-retail-software , https://www.quickbase.com/articles/application-software-basics

• Million Business Software (2017) https://www.million.my/the-importance-of-business-software-to-an-organization/

• IT HISTORT SOCIETY https://www.ithistory.org/blog/history-enterprise-software


THE END

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