summary This study provides a model-based approach for implementing retail category management with a focus on markup decisions. We develop a reduced form Bayesian econometric model that captures price and sales variation for a retail chain. Based on this model, we derive the optimal retail markups on individual brands within a product category by maximizing the total category profit over a fin...

This paper investigates the emergence of retail clusters on supply chains comprised of suppliers, retailers, and consumers. An agent-based model is employed to study retail location choice in a market of homogeneous goods and a market of complementary goods. On a circle comprised of discrete locales, retailers play a non-cooperative game by choosing locales to maximize profits which are impacte...

Retail milk price responses to farm price changes were analyzed for Boston, Massachusetts, and Hartford, Connecticut. Prior research concluded asymmetries did not exist in the response of retail fluid milk prices to changes in farm prices. This study finds transmission rates were greater for the Compact period (100 – 120 percent) than the PreCompact period (66 – 88 percent). Short-run asymmetri...

This paper examines the retail skills of people who operated prior to 1900 without a fixed retail premises. The majority of research into retailing has focused on the retail outlet, and the traders who operate outside of it are under researched. It has been generally assumed that these traders, who operated on the margins of society have little skill, given their general low levels of education...

An area supervisor managing an area chain of local urban retail stores faces the problem of determining the number of employees and allocating them to retail stores (workforce size and its allocation). We propose a model to maximize the overall expected profit rate of a coordinated area chain where employee absenteeism is uncertain. Retail stores operate as a Markovian loss queueing system. An ...

The aim of this research is to evaluate future retail developments in a medium-sized town and the indirect effects of individual behaviour on the local economy. Therefore we combine a spatial microsimulation model with a conditional logit model estimating the spatial shopping behaviour of households to simulate the effect of future retail developments. Then, we estimate the macro effects of the...

We explore the effects of planning regulation on the UK retail sector between 1997 and 2003 using microdata from the UK census. We document a shift to smaller shops following a 1996 regulatory change that increased the costs of opening large stores. Our analysis suggests that total factor productivity (TFP) of multi-store retail chains fell after the introduction of the reform due to the reduct...

We examine the relationship between investments in information technology (IT) and two measures of retail firm performance: labor productivity and productivity growth over the 1992 to 1997 period. We use untapped firm and establishme nt micro data from the Censuses of Retail Trade and the Assets and Expenditures Survey. We show that large firms account for most retail IT investment, employment ...

Nicholls, David L. 2002. Evaluation of the retail market potential for locally produced paper birch lumber in Alaska. Gen. Tech. Rep. PNW-GTR-493. Portland, OR: U.S. Department of Agriculture, Forest Service, Pacific Northwest Research Station. 17 p. An evaluation of the retail market potential for random-width paper birch (Betula papyrifera Marsh.) lumber in Alaska was conducted. Information f...

Purpose Urban consolidation centres (UCCs) are often conceived to improve services in retail stores and potentially reduce costs. However, few studies have examined how retail stores perceive the services a UCC could provide. The purpose of this article is to explore retail stores’ potential demands for different services that a UCC could provide in order to foster the development and implement...