RETAILING /ˈriːˌteɪlɪŋ/ Definition: the business of selling products to the general public= prodavati (na malo) Listen to the recording and write down the key words related to retailing • • • • • • • • • • • • prodavanje retailing retailers trgovac/ trgovkinja, kompanija shops prodavnica stores prodavnica (+large) outlets prodajno mesto retail chains prodajni lanci shopping centres tržni centar US malls hypermarkets robna kuća određene vrste superstores proizvoda, motorcycle superstore retail park prodajni park, više većih prodavnica department stores robne kuće What a customer wants… 1. CONVENIENCE STORE = A SMALL SHOP, OPENED LONG HOURS 2. DEEP DISCOUNTER = A SUPERMARKET WITH VERY LOW PRICES Guess: what does “retail therapy” mean? • “terapija kupovinom” • American expression • improving your mood by shopping Retail Price Index (RPI) • The official CONSUMER PRICE INDEX in Britain • In Serbian “indeks cena na malo” • The cost of basket for goods and services Also… • Wholesale = selling goods in large quantities, veleprodaja • Cash & carry= sells goods on discounts but one needs to pay cash and carry the goods away by himself/ herself • Which one do you prefer? Why? • Shopping center or Outlets? Pre-Listening: Look at these company's products. Which ones do you find the most/ the least attractive? THE BODY SHOP cosmetics company retailing make-up, body lotions etc. HABITAT decorative accessories NEXT fashion company, retailing clothes, home accessories Virgin records, British record label Listening • Which of the companies: 1. have been SUCCESSFUL in the US? 2. have had TO MODIFY their US operations? 3. have ABANDONED the US market? • Answers: 1. The Virgin Group (= have very profitable business) 2. The Body Shop (join up with US operations) 3. Next, Habitat (withdrew from the US market = povukli su se sa US tržišta) • • • • What happened to these UK companies? didn’t take into account the different tastes didn’t adapt to the big US malls underestimated the competition, US retailers= strong competition/ competitors • chose the wrong places to open their stores • Some useful words: • MERCHANDISE /ˈmərchəndaīz/, = formal way to say GOODS for sale = simply, roba • BARGAIN HUNTERS= customers who look for something that is cheaper, on discount, on sale It's time for new vocabulary! • sales pitch • to do something up to repair unusual, unconventional • quirky (informal) nontraditional • alternative what salespeople say to persuade you to buy something More vocabulary… • stock • deal • surplus • secure • control • market • model • order • to achieve something (e.g. a success) + an effort • the business of buying/ selling goods • a request by a customer for goods/ services • a particular type/ design of a vehicle or machine • more than necessary • supply of things that a shop has for sale • an agreement in business • an action taken to make sure that something doesn’t increase too much Niche, discount, suppliers • A reduction of the cost of goods and services in relation to the normal cost TOYOTA PRIUS, AN ENVIRONMENTALLY Reebok is trying to increase FRIENDLY HYBRID CAR AND ANbyEXAMPLE market share selling its OF A PRODUCT NICHE. shoes at discount prices. [read • niche as: niːʃ or nɪtʃ ] • discount • supplier(s) • A market for a product, perhaps an unusual one, that does not have many buyers, but makes good profit for companies who sell it market niche or niche marketing • A person/ company that supplies goods = dobavljač Compound nouns: • • • • • • • • • • Mass Distribution Special Leading Customer Duty Profit Sales Purchasing consumer offer name system market power goods service margin figures free a quick reference on purchasing power= kupovna moć • In 1938, • 50 dinars those were the times… • had greater purchasing power than today What do we make & what do we do? make • creating, constructing • with nouns denoting sounds (noise, rumor) • with nouns related to travel (a visit, a long journey, itinerary) • • What is itinerary? PLEASE, DO REMEMBER: A PLAN OF A JOURNEY INCLUDING THE PLACES YOU WILL VISIT/ ROUTE When do we use do? • to talk about activities without mentioning exactly what they are: What is she doing? • when we do something, a work, a task: Have you done your homework yet? • doing business= poslovanje • with the, some+ ing, for repeated activities: Could you do some photocopying for me please? • We need someone to do the researching. MAKE OR DO? • • • • • • • • • MAKE DO DO MAKE MAKE MAKE MAKE MAKE MAKE A COMPLAINT NOTHING AN EXAM A MISTAKE A SUGGESTION A SPEECH A LOSS A TRIP A DECISION • • • • • • • YOUR BEST RESEARCH DO PLANS MAKE DO THE TYPING MAKE MONEY JOB DO GOOD DO DO