Posts tagged distribution

Manyavar #333 store: A wonderful door is opened…


Manavar 333 STOREThe leading ethnic wear brand Manyavar has unveiled its 333 store at Lower Parel (opp Palladium), Mumbai. The store is of size 16, 000 Square feet of sheer shopping experience.

Manyavar is going from strength to strength at the moment and the opening of 333th store resonates Manyavar’s substantial growth in the ethnic retail market.

Team Ginesys is proud to be providing the software for their manufacturing, distribution and retail operations and for being part of this commendable success story. We wish them all the best in their endeavors.

Organized apparel retailers tapping online route


Recently Ginesys released a report on how organized apparel retailers are moving into e-commerce space aggressively.

The main points highlighted were:

  • Almost 20.1 percent of organized apparel retailers are present on multiple online platforms.
  • The study also highlighted that 12.8 percent of organized apparel retailers have invested in their own ecommerce infrastructure i.e., ecommerce ready websites and 20.2 percent of organized apparel retailers are present on multiple online platforms including their own sites and third party marketplaces.

Commenting on the findings of the report, Prashant Lohia, CEO, Ginesys, said: “Retailers have realized that a major chunk of the target consumer base is now online. Organized retailers with their pan-India bandwidth and large resources are rightly placed to tap into this opportunity. As solution providers, we at Ginesys are developing products that facilitate a smooth transition to an online business model.”

 

You can read the full article at the links mentioned below:

http://news.in.msn.com/business/article.aspx?cp-documentid=253487402

http://www.indiaretailing.com/news.aspx?topic=1&Id=7145

http://epaper.asianage.com/PUBLICATIONS/ASIAN/AAGE/2013/08/05/ArticleHtmls/Organised-apparel-retailers-opt-for-online-route-Survey-05082013017046.shtml?Mode=1

http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?news_id=149903

http://post.jagran.com/one-in-four-organized-apparel-retailers-tapping-online-route-study-1375845693

Print Missing Barcodes at the POS

 

 


What to do if there is customer wanting to buy a product but the barcode is missing ?

Rebarcoding is generally done for items only at Head office or warehouse. But now Ginesys has a new feature by which it is possible to look up an item via search and print the barcode for the same at the shop’s point of sale itself.

Hence this allows rebarcoding to be a less expensive effort, saving logistics efforts and also increases customer satisfaction and pushes sales.

 

New retail hotspots: Tier II cities


Recently we conducted a study into how retail has expanded beyond the metros and the results are out: Industrial townships and tier II cities are emerging as new retail centers.

The retail centers in cities like Faridabad, Nagpur, Jamshedpur and Rourkela etc., have flourished on account of increased levels of industrial and commercial activity, the survey found.

“Rise in discretionary/per capita income has given a boost to retail consumption in tier II cities and towns. At the same time, these towns and cities have witnessed rapid improvements in infrastructure and logistics enabling retailers to set up outlets to cater to the demand,” Ginesys CEO Prashant Lohia said.

You can read the complete story at the link below:

The Hindu Business Line- http://www.thehindubusinessline.com/industry-and-economy/tier-ii-cities-industrial-townships-are-new-retail-hotspots/article4673693.ece

The Economic Times- http://economictimes.indiatimes.com/news/news-by-industry/services/retail/tier-ii-cities-industrial-townships-are-new-retail-hotspots/articleshow/19820532.cms

Business Standard- http://www.business-standard.com/article/news-ians/hyderabad-largest-retail-hub-in-south-study-113050800768_1.html

Charge VAT Separately on Promo Items using Ginesys


A trend has begun recently, that retailers putting items on promotion at X% discount and adding back the VAT . This leads to complexity in billing of adding the tax separately on an item which was earlier on a tax inclusive basis.

In Ginesys now we have incorporated this aspect and we can mark during creation of promotion whether billing is to happen on a tax inclusive or on a exclusive basis.This will lead to the correct calculation.

Example:
MRP 500
VAT 5%
Discount: 30%
Price after disc: 350
Price to be paid: 350+ 17.5 = 367.5

This will work under all types of promotions like Flat Discount, Flat Price etc. Using this feature retailers can better protect their bottom-line even when putting up items on discount.