Nov
4

What exactly is considered a retail store?

Grocery stores? Restaurants? Any place that sells anything?

A retail store (as opposed to other types of stores) is primarily focused on selling small amounts of merchandise to individual consumers. Basically, the grocery store would be considered a "retail outlet", whereas a Food distribution warehouse would not.

This distinction has become blurred in recent years with the advent of "big box stores" such as Costco and Sam’s Club. It may be helpful to view such enterprises as "quasi-retail" stores. :)

Sep
14

I am planning to start a new mobile phone retail shop, So please advice me, in accordance with the govt rules, Tax dept rules etc, that what are all registrations required, permissions required, How to go about it? I am in Bangalore Karnataka.
I am new to business, previously working in ITES. Please advice me.

first you need to register a firm with your municipal corporation, in order to carry out Business.
next step is commercial taxes department.
there are usually people who assist you in the entire process, of course you need to shell out money.
contact any lawyers you know.
they can direct you to someone in their field who do this kind of work.

Sep
2

My friend is trying to get some used fixtures for his new retail store he’s opening, and he says one of the cheapest place I can find those is in stores that are closing down.
I’ve been looking in newspapers and craigslist, but I can’t find enough information about those stores.
Any idea where I can get list of stores that are closing?

Local business gazettes
Accountants specialising in receivership work
Trade bodies
Landlords of commercial properties (rent is one of the first things a failing Business stops paying)

For the actual equipment you could try eBay and setup some Google Alerts (google it) where you get alerted when a new page comes online containing your terms (e.g. "shop fittings").

Aug
17

I live in Chicago, Illinois. I want to sell Pools and Supplies Online and Door-to-Door. I know I need a Tax Id number and a Website. But what else do I need to create a successful Retail Business?

Well good luck and I hope you have done research in your niche before you invest in your business.

Here goes a quick list of things you need:

Business lic, save time and register your business lic as the domain name of your business

You should have at lease one years worth of money in the bank for your personal living. Worst thing for you to do is think you will live off the business during your 1st year. Any money coming in you want to reinvest into the company for more income

A Keyword Driven Domain Name for your business. Since you are thinking of a local pool business think of something that will tell your clients where and who you are

A website created from a blog like wordpress. Give advise to people on how they can treat there pool and stuff like this. This will get people in your area to notice that you are a pro and seek out your advice

A hosting account to host your business

Merchant account or someway for you to take credit cards. You might be able to use paypal and have your clients locally pay you online.

Some marketing tools to hand your door to door clients.

A unique way you do business. Give your clients a reason why they should use your business over the other Businesses in your area

Email marketing system, it’s the cheapest and best way to stay in contact with your clients and continue to market to them

Hmmm that seems good for starters Good luck and below are a few sites to help you with some of the online idea

Aug
14

I have a Louis Vuitton tote bag and a few Gucci, Prada, and Chanel purses I would like to sell. I could easily get an authentication notice from a store, so proving that they’re authentic won’t be a problem. These purses have only been used 7 or 8 times.

What is the typical Retail value for a used purse? How much is it usually marked down?

Well first of all it depends on the size, the brand and the model. Channel’s are most likely the most expensive,the LV , the prada and then gucci. But that is no guarantee it depends.
It also depends how old they are…..the older (vintage ) the less expensive. In storre the classic chanels go for 2000-4000 dollars, online they are priced 1000-2000 for a great condition used one, that is a model between 2005-2010
It really depends on the bag.
It’s usually marked down by anywhere from 500 – -2000 dollars depending on the condition

I would be interested in maybe purchasing, if you would like someone to sell some of them to :)
hope that helped

Aug
12

I was fired from my job for retail theft about 4 months ago and I paid a restitution of 50 dollars to them. I was never charged with anything but I was wondering if this can prevent me from getting jobs in the future. Can future employers check this? I was not planning on including this job in my resume, but can they still find out about it?

I assume it was civil restitution, yes? I would check with an attorney, but I don’t think it would show up on a criminal record check.

You might have a problem getting a Retail job if you use your former employer as a reference.

Why didn’t your former employer press criminal charges? I would have when I worked Loss Prevention years ago. Count yourself lucky there!

Aug
8

Say I had a product to sell to a retail store like a shirt. How much do they have to make off of that product to put it in their store. Like say a shirts cost $20 in a store, how much does that Retail store pay for it from the manufacturer? $15?

Closer to 16 to 16.50

Aug
5

I received the car loan through the dealer and I have received a pay amount/terms from the bank. The contract I received from the dealer is a Retail Installment Contract. Does the bank purchase that contract from the dealer, and will it change?

Yes the bank does purchase the contract from the dealer. No it will not change. The contract you signed if all was approved and arranged will be the terms of you loan.

The retail contract should disclose all information like total Financed, down payment, if you bought any extended warranties etc their price will reflect in there as well. It also lines out the terms of repayment such as length of the loan and interest rate. It will give the monthly payment and the due dates of payment.

One of the lenders the dealer works with will buy the paper/contract from the dealer. The terms of the contract will not change just because a bank buys it.

Aug
4

Like how do I open up a retail clothing store that carries popular namebrands? Do I have to contact the brand companies directly and do they actually work with small retail businesses?

I do not know where you live nor do I care! what gives you any idea at all that you have any chance at all (staying in Business) (let alone getting into business) if you don’t even have a clue as to how or who to buy your goods from? …. My God, I would say good luck but you are going to need a whole lot more than that.

Jul
31

I’m 15 and I have to do work experience for school. I’m thinking of using this to try and get a part-time job. I’m thinking something like retail, or similar like a supermarket, but I just want to know what stores usually accept work experience. I have to do it for a week and work a full day. Any ideas??? I don’t want to do fast Food.

I know for a fact that the Body Shop does, as I have a friend who did her work experience there. But almost any store should accept work experience, after all they get someone to do their work for free. Just decide which stores you like and would like to work in, and go in and ask the manager if they do work experience.

But honestly, you arent guaranteed a job after and you’d be better off doing work experience in the field you want to end up in.

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