Company of Choice
Abans Group - Abans Private Limited
Integrated in 1981, Abans Private Limited is the important trading support of the Abans Group. It represents world famous brands in electronic home appliances, crockery and cookware, sanitary and light fittings and a host of other household items that make Sri Lankan people's lives easier and better.
Vision
Be the Soundest and most trusted financial solutions provider in the industry.
Mission
Abans Private Limited currently have a network of over 230 showrooms across Sri Lanka. Abans also have more than 400 authorized dealers representing them in the remotest rural areas bringing their products within reach of each family and every household in the country. All products sold by Abans carry a trusted guarantee of quality and reliable after sales service. (Abans..., 2011)
Abans Retail
Abans Retail Channel showrooms are located across Sri Lanka. These showrooms are dedicated for providing customers quality Abans products and Superior customer service. They feature a broad selection of Electronics, Household items and many more electronic products. Abans Retail Showrooms gives customers 'Ease of buying' through Special Hire Purchase Methods which are very attractive to customers. (Abans Retail Channel, 2011)
Best brands at Abans Retail
Abans Retail offers wide variety of electronic and home appliances for Abans Customers with wide variety of world renowned brands. These are illustrated below.
(Abans Retail Channel, 2011)
Industry Analysis
Current retailing is a long way from easy. Consumer electronics and domestic appliances have recorded a 20% growth in 2011 and 65% in 2012. The advanced retailing industry records a high representative turnover, which builds the preparation, ta...
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...ff for all 400 showrooms island wide
Computers $200 x 400 x 10 800,000 Will be allocating 10 computers to all showrooms island wide
Internet Rental $35 x 400
Delivery 8,500 A fixed cost on delivering computer equipment and furniture will be charged
Software $45 x 4000 18,000 The software will be installed in all the computers
Computer Accessories $40 x 4000 160,000 Speakers, mouse
Furniture $40 x 400 16,000 Tables and chairs for each Branch
Air Conditioning $60 x 400 24,000 Air conditions for each branch
Maintenance 3,000 This will be a fixed cost
Initial Testing $25 x 400 10,000 Initial testing will be done for each branch separately.
Internet Port $20 x 400 8,000 Will be allocating ports for each branch
Total Budgeted Cost $1,077,500
Number of employees Island wide = 2,000 staff
Number of Abans Retail showrooms Island wide= 400 showrooms
In the production of T.W Sherrin’s products there are a number of upstream suppliers that contribute to the success and marketability of the brand. The major suppliers of production materials include an Australian tannery company and an Indian latex company. Together they form the basis of the Sherrin product range. Add to this a packaging supplier and marketing firms and it is no wonder why this company is so successful in business-to-business trading.
Due to the good establishment of the business, it has huge market national. The company has therefore opened many retail shops and stores all over the country to ensure that their products are accessible to the customers. The entity provides a favorable environment, and many clients view the place as a fun shopping place to be. The retailer has targeted a big pool of customer because of the variety of products it sells. The stores products vary from kitchen goods, jewelry, and electronics clothes to hardware
Place: They opened discount factory outlet stores in rural areas and retail stores in urban shopping center. By selling different kind of product in different places help them to meet the different need of the customers. On the other hand, they also sell their product online, where customer can purchase their product at anywhere and anytime. All this make them be able to maximize their gain.
He didn't want to stop yet. The next question he wanted to address was how to increase job opportunities for the disabled. In 2012, Srikanth started Bollant Industries Pvt. Ltd. which staffs a majority of differently-abled and/or financially challenged workers, with five plants in Karnataka and Telangana, one of which he aims at being completely solar powered. The company manufactures eco-friendly, disposable consumer packaging solutions with areca leaf and re-cycled paper. With annual sales going beyond Rs. 70 million, he is even exporting his products to Australia, US and Germany.
Adani’s business model is built around being involved in coal trading, coal mining, oil and gas exploration, ports, multi-model logistics, power generations and transmissions, as well as gas distribution
Levy, Michael, Barton A. Weitz, and Dhruv Grewal. Retailing Management. ed. New York, NY: McGraw-Hill Education, 2014. Print.
The group has extensive global network of over 48 offices covering about 32 countries and territories around the world. The group's network extends outside Asia and into other markets like North America, Europe and South Africa. The group sources from around 10,000 internal supplies. Global network enables the group to source its goods from various locations and distribute it in different countries mitigating its exposure to any particular economy.
With the intensifying competition in the home appliances market, China’s consumers’ consumption behavior was gradually becoming rational and mature. They would pay more attention to product quality and after-sale service, and the price factor was becoming less influential. To keep pace with the times, only focusing on low price is far from enough to maintain channel leadership.
Even the slowdown in current global economies could not bring retail sector down as retailers keep seeking for opportunities overseas to avoid challenging economic condition, which make this sector becoming more globalised and competitive. As an heir of an industrial components retailer, I also believe there are bountiful opportunities to grow in this emerging industry. But without deeply and truly understanding in every aspect of retailing, one could not survive in the battle. For this reason, I would like to pursue my education further by studying Master in retail management to obtain knowledge in retailing and hopefully become successful in the field.
The Indian retail industry has emerged as one of the most dynamic and fast-paced industries due to the entry of several new players. It accounts for over 10 per cent of the country’s Gross Domestic Product (GDP) and around 8 per cent of the employment. India is the world’s fifth-largest global destination in the retail space.
To gain such an outstanding achievement both domestically and internationally, the Aditya Birla Group has adopted two strategies: to diversify their business’s portfolio into a range of sector and to diversify them internationally. Firstly, to reach the first goal, they stepped in many areas such as viscose sta...
The Cargills (Ceylon) is one of the largest modern diversified business organizations in Sri Lanka. Its main giving marketplace segments are agrifoods, confectionery, processed meats, franchise KFC outlets, alcohol, well organized marketing and distribution chain. Granting to the business times survey, it holds 40- 45 percent in the local food retail sector and almost 7 percent of the grocessary spend. Furthermore, well over 80 % of the total revenue gain from retail and wholesale distribution activities (Business Times, 2013). It holds 232 Cargills Food City outlets all over the country. Total market capitalization of the company is 30.6 billion Sri Lankan rupees and shareholders' equity is 7.8 billion rupees (Colombo Stock Exchange, 2013). The survey shows that the company has shown a steady growth in 2011/2012 fiscal years and profit risen by over 24.6% and 29.3% (Case study Cargills supply chain, n.d.). The annual report shows that the total revenue has risen by...
Retailers and wholesalers of Apple products serve to make products available across sectors that hold a large product variety, such as JB HiFi and Officeworks. Apple enhance the store experience and sales in these channel partners by positioning and displaying merchandise for maximum promotional
Thau was inspired by the Bashar Nejdawi, president of Ingram Micro Mobility that is a provider of technology and supply chain services. According to Nejdawi, “In five years, consumer electronics stores as we know them today won’t even exist, and the same rings true for our favorite apparel brands”. He also asserts that three influential factors will change the retail landscape: instant gratification, borrowing and customization. A good example of instant gratification is Uber or Amazon. The Uber customer can see in real time where the Uber car is and when is going to arrive. In the same way the Amazon provide fulfillment program that allow retailers to sell products that are not physically in storage. In this way the retailers do not have to care about inventory and can concentrate on marketing. Secondly, the borrowing culture is going to grow. As an example is Zip Car or Netflix applications. On the Zip Car program someone can borrow a car just for few hours. Likewise, some business offer a mobile device rental program that allow a customer to lease the latest device for a fraction of the cost. Further, the customization program permits customers to choose their preferences before the product is being made. As an example is miAdidas company that gives to the clients the possibility to create
Sen Heng® Electric (KL) Sdn. Bhd. is one of the leading consumer electronics chain stores in Malaysia. This store operates over 100 branch spread throughout Malaysia. Senheng was first established in 1989, from a tiny consumer electronics half shop lot set up with stocks worth less than Ringgit Malaysia thirty thousands to the largest electronics chain store today with branches straddling the length and breadth of Malaysia (Sen Heng®, 2013). This store own by the Lim brothers, K.H., K.C. and K.Y. Sen Heng has gained its reputation and credibility that has made it the number one in the industry through progressive, forward looking, and innovative touches.This store provide variety of electronic appliance from home to kitchen, from computer to smartphones and high standard of quality control (Sen Heng®, 2013).