Future of Retail Store for Behavioral Nutrition -myassignmenthelp

Question: Discuss about theFuture of Retail Store for Behavioral Nutrition. Answer: With the increasing ramified economic changes and global expansion of business, retails stores has gained momentum throughout the time. There have been string of news stories about retail stores business in Australia, such as various big companies named Woolworths, Red earth, Myer has decreased their average three years turnover by 25% since last three years. This level of decrease in their overall turnover reflects that retail store business growth in Australia has been going down due to increased level of E-business. In this report study has been conducted on the retail stores name Under Armor Company (Govindan, et al. 2016). There are several products such as household items, cloths and other essential items which are sold by retail store around the globe. Under Armor is an American company that manufacture footwear and other cloths and sell these items through its online and offline means in market (Black, et al., 2014). After conducting data from various sources, it is considere d that people in Australia is more inclined towards buying goods and services from retail stores. Under Armor has been selling various goods and services through its off line and online portals. This has been observed that each and every big retail stores in Australia has total revenue of around AUD $ 120 million through its overall sales. Moreover, Under Armor has also decreased by its overall revenue by average 10% since last five years. This level of changes in its business and increased level of turnover in retail business has shown that retail store business has high amount of opportunity growth only when company adopts ERP online business chain (Piramuthu, Wochner and Grunow, 2014). Nonetheless, after evaluating the growth perspective of retails stores business in Australia, Under Armor has increased its number of items sold in market which simultaneously increase overall turnover of company. In addition to this, the future of retail stores in E business is very high but with a view to strengthen the value chain activities and increasing the overall clients satisfaction, company needs to implement proper level of enterprises resource planning (Gallino and Moreno, 2012). If this retail stores business of Under Armor is taken on international level through online mode then it could not only increase the overall efficiency of business but also result to creation of effective brand image. Retail store business has shown high amount of growth and it could be further increased if retails sellers introduced upgraded technologies in determined approach (Piramuthu, Wochner and Grunow, 2014). Now in the end, it could be inferred that if companies like Red Earth, Under Armor and Woolworths could provide best level of goods and services to their clients in retails store business through online business chain then it will surely result to increased level of turnover. However, clients inclination towards online retail stores is high as compare to shopping online. It is considered that Under Armor needs to adopt ERP system to increase its overall productivity and efficiency of business as per the retails store market needs and demand. References Black, C., Ntani, G., Inskip, H., Cooper, C., Cummins, S., Moon, G. and Baird, J., 2014. Measuring the healthfulness of food retail stores: variations by store type and neighbourhood deprivation.International Journal of Behavioral Nutrition and Physical Activity,11(1), p.69. Gallino, S. and Moreno, A., 2014. Integration of online and offline channels in retail: The impact of sharing reliable inventory availability information. ManagementScience,60(6), pp.1434-1451. Govindan, K., Palaniappan, M., Zhu, Q. and Kannan, D., 2012. Analysis of third party reverse logistics provider using interpretive structural modeling.International Journal of Production Economics,140(1), pp.204-211. Piramuthu, S., Wochner, S. and Grunow, M., 2014. Should retail stores also RFID-tag cheapitems?.European Journal of Operational Research,233(1), pp.281-291.