Why Indian Firms Must Strive for Strategic Autonomy in Their Geoeconomic Strategies
February 7, 2025
Bankruptcy is one of the natural states which a company may find itself in. Entrepreneurship is primarily about taking risks. When companies take risks, some of them succeed, whereas others fail. Hence failure is a natural part of the business. However, many critics of bankruptcy laws believe that there isn’t a need for an elaborate […]
What is the Wirecard Scandal all about and Why it is a Wakeup Call for Whistleblowers Anyone who has been following financial and business news over the last couple of years would have heard about Wirecard, the embattled German payments firm that had to file for bankruptcy after serious and humungous frauds were uncovered leading […]
How Modern Decision Makers Have to Confront Present Shock and Information Overload We live in times when Information Overload is getting the better of cognitive abilities to absorb and process the needed data and information to make informed decisions. In addition, the Digital Age has also engendered the Present Shock of Virality and Instant Gratification […]
Geopolitics, Economics, and Geoeconomics In the evolving global trading and economic system, firms and corporates are impacted as much by the economic policies of nations as they are by the geopolitical and foreign policies. In other words, any global firm wishing to do business in the international sphere has to be cognizant of both the […]
In the previous article, we have already come across some of the reasons why the government should not encourage funding of stadiums that are to be used by private franchises. We have already seen that the entire mechanism of government funding ends up being a regressive tax on the citizens of a particular city who […]
When you think of any Retail Store, instantly you recall the layout and your experience connected with the store. We tend to build our likes and dislikes around the Store environment and ambience and our loyalty to any one store may be influenced by our perceptions of that particular store environment. Store Design and Layout is a major factor that defines as well as differentiates one Retailer from another.
Any Retail Store takes into account the Visibility aspect of the store, its image as well as operational efficiency besides cost and the overall value perception that it provides to the Customer. Modern day Retail stores have really emerged to be master piece designs that have been put together tastefully by the architects using the modern architectural technology and materials. When we refer to a Store design, we are not only referring to the internal store design but to the overall layout that has been developed for enhancing customer utility.
Retail business grew in proportions post 1990s. The departmental stores that existed around the same time seemed to have followed some sort of store design concept and image building too. However the modern Retail Stores have invested into understanding every nuance of the Customer’s expectations both verbalised and felt and have developed layouts that are functional, aesthetically superior and provide a complete shopping experience to the Customers. The design concept has paid rich dividends in terms of branding and building loyalty of customers.
Today’s retail store designs comprise of glass and steel structures with lots of free flowing space and light giving the visitor a feeling of huge expanse of space. Store designs have gone hi-tech using innovative styles of racking and lighting, experimenting with new concepts in terms of creating visual effects etc. The overall functional and utility value of the layout has been given primary importance. Use of Lifts, elevators, sufficient space provided for utilities in every floor, installation of modern safety & security systems, electronic surveillance and effective security and well designed and convenient parking lots make modern retail stores a very attractive proposition inviting customers to come and spend a couple of hours with the entire family. We see the extensive use of modern concepts and materials that has gone into designing of such urban shopping centres.
While all of the Retail Stores use identical architectural approach to design of Retail Store and Complex, individuality is retained through differentiation in layouts, use of colours, signage, fittings and technology. Visual communication of brand and logo are deployed to create the visual impact on visitors.
Growth of International Retail stores have been influence heavily by several factors such as availability of modern construction designs, modern materials and equipments and more importantly the availability of physical space at affordable costs. Development of a good Retail Store and layout calls for in depth study and understanding of design principles as well as study of practical consumer behaviour and expectations besides understanding the visual impact on visitors. Modern Retailing has come of age thanks to modern architecture.
Your email address will not be published. Required fields are marked *