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A r e a i n S q u a r e F e e t ( )LO4 1424 THE CHANGING NATURE OF RETAILING THE WHEEL OF RETAILING AND RETAIL LIFE CYCLE LO5 ? Wheel of Retailing ? Retail Life Cycle 1425 FIGURE 144 The wheel of retailing describes how outlets change over time 1426 FIGURE 145 The retail life cycle describes the stage of growth and decline for retail outlets 1427 WHOLESALING MERCHANT WHOLESALERS LO6 ? Merchant Wholesalers ? FullService Wholesalers ? General Merchandise (FullLine) Wholesalers ? Specialty Merchandise (LimitedLine) Wholesalers 1428 WHOLESALING MERCHANT WHOLESALERS LO6 ? Rack Jobbers ? Cash and Carry Wholesalers ? Drop Shippers/Desk Jobbers ? Truck Jobbers ? Merchant Wholesalers ? LimitedService Wholesalers 1429 WHOLESALING OTHER INTERMEDIARIES LO6 ? Agents and Brokers ? Manufacturer’s Agents ? Selling Agents ? Brokers ? Manufacturer Itself ? Branch Offices ? Sales Offices 1430 MALL OF AMERICA: SHOPPING AND A WHOLE LOT MORE VIDEO CASE 14 1431 VIDEO CASE 14 MALL OF AMERICA 1. Why has Mall of America been such a marketing success so far? 1432 VIDEO CASE 14 MALL OF AMERICA 2. What (a) retail and (b) consumer trends have occurred since Mall of America was opened in 1992 that it should consider when making future plans? 1433 VIDEO CASE 14 MALL OF AMERICA 3. (a) What criteria should Mall of America use in adding new facilities to its plex? (b) Evaluate (i) retail stores, (ii) entertainment offerings, and (iii) hotels on these criteria? 1434 VIDEO CASE 14 MALL OF AMERICA 4. What specific marketing actions would you propose that Mall of America managers take to ensure its continuing success in attracting visitors (a) from the local metropolitan area and (b) from outside of it? 1435 Retailing Retailing consists of all activities involved in selling,