Retail Price Index Definition from Financial Times Lexicon #retail #management


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Definition of retail price index

The retail price index (RPI) and the consumer price index (CPI) are both measures of the price of goods and services in the UK. The UK government’s stated policy is to use the consumer price index (CPI) for the indexation of benefits, tax credits and public service pensions, whereas it would use the retail price index (RPI) for the uprating of index-link gilts and revalorisation of excise duties.

The retail price index, or the RPI, shows the changes in the cost of living. It reflects the movement of prices in a range of goods and services used regularly, such as food, heating, housing, household goods, bus fares and petrol. Items considered most important to us, such as housing and food, are given a higher weighting in the overall index, while items, such as tobacco, are given a lower weighting. The RPI is inclusive of VAT, and other taxes, and as such can change as a result of changes in taxation levels. RPI includes some components that are not included in CPI such as some elements of owner-occupied housing, such as mortgage interest payments.

Example of retail price index (RPI) in use

Measures of inflation are vital tools for economists, business and government. The Bank of England’s Monetary Policy Committee sets UK interest rates on the basis of a target figure for inflation set by the Chancellor of the Exchequer. This was RPIX (all items of RPI excluding mortgage interest payments) until it was switched to CPI in 2003.

Retail price index (RPI) in the news

In January 2013, the UK government decided not to change the way it calculated RPI despite a persistent formula effect which it felt was making RPI overstate inflation. It was felt proposed change would bring UK calculations more in line with international standards. But the Office of National Statistics reacted to fears that suddenly lowering RPI would not please users of the index who stated they they valued consistency. This decision hurt taxpayers, drivers and students and benefited those with private pensions still linked to the RPI and anyone invested in the near £300bn index-link government bond market.[1]


Department Stores Market Analysis, Industry Statistics Reports with Market Size, Industry Trends, and Financial Ratios


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Department Stores: Industry Statistics & Market Analysis

Industry Statistics Report

Summary
This report analyzes the current size and trends in the Department Stores industry. It shows overall market size from 2011 through the present, and predicts industry growth through 2021. Revenue data include both public and private companies.

Contents

  1. Market Size & Forecast: 2011 through 2021
    • Revenue ($ Billions)
    • Growth Rate
    • Number of Companies
    • Number of Employees
    • Average Company Size
  2. U.S. Geographical Breakdown
    • Market size by state and region
    • Growth rate by state and region
  3. Financial Metrics
    • COGS
    • Salaries & wages
    • Avertising & Marketing Budget
    • EBIT / EBITDA
    • Gross Profit
    • Net Profit Margin
  4. Product Mix
    • Breakdown of revenue by products / services sold
    • Identify primary sources of revenue vs. secondary / expansion activities

Market Analysis of Department Stores

Summary of the Industry Analysis
The market/industry analysis of Department Stores is intended for investors and consultants to evaluate market opportunities, as well as executives for developing strategic plans. The report describes competitor and market dynamics in Department Stores.

Contents

  1. Porter’s Five Forces Analysis
    • Supply-side dynamics
    • Demand-side dynamics
    • Internal rivalry
    • Threat of substitutes
    • Threat of new entrants
  2. Competitor Assessment / SWOT Analysis
    • A detailed competitive assessment looks at two top companies in the industry to determine strategic position, points of differentiation
    • SWOT analysis: Strengths, Weaknesses, Opportunities, Threats
  3. Emerging Trends
    • Identify emerging trends among competitors, products, demand drivers that will affect future success in the Department Stores industry.

View Report Details

  • Industry Statistics
    Department Stores

Retail financial definition of Retail #retail #department #stores


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Retail

Retail

Individual and institutional customers as opposed to dealers and brokers .

Retail

1. Relating to the sale of goods or services to consumers, rather than producers or intermediaries. For example, a retail clothing store sells to people who will (most likely) wear the clothes. It does not include the sale of the clothes to other stores that will resell them. Retail contrasts with wholesale .

retail

The sale of securities to individual investors, as opposed to sales to institutions and transactions among broker-dealer firms for eventual sale to retail clients. Compare wholesale .

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Japan and China together accounted for over 65% of total Asia-Pacific retail sales through the channel in 2012.

Carol Shuchman, Columbia University; Lisa Rosenthal, RIPCO Real Estate; Carrol Bennett, The Port Authority; Carole Greene, Newmark Knight Frank Retail

We get a lot more phone calls now from universities,” says Kathleen Lin, senior vice president with the national retail real estate company Madison Marquette, which has contracted on UPenn’s projects as well as others in higher ed.

Asia Pacific Retail Banking IT spending, 2005-2010, by major countries

Table 10 Global Online Retailing Share Of Retail Sales (% Of Total Retail Sales Within A Region) Region 2005-10

The retail components of the redevelopment plan needs a focused planning and development effort to help guide placement and timing of the retail development to maximize its potential, and to draw an interesting, diverse mix of retailers that appeal to the different market segments, including workers, transit riders, residents and tourists,” York said.

Table 3: Thai Retail Banking IT spending, 2005-2010, in channels ($m)

RKF Retail Property Advisors was also chosen as exclusive retail leasing consultant for the retail and entertainment portion of The Mercato.

Asking rents for retail space on the East Side increased by 21% to $155; Midtown asking rents also increased by 12%.

The report provides Major Retailers in the US UK, a list of some of the SMEs in the US UK, a list of the Top100 Retailers in the World, 2004 (Ranked by sales) together with a list of prospective retailers in the US UK, prospective retail SME’s for outsourcing and a list of third party BPO’s operating in India.

In May of this year, Newmark Company and Pressman formed Newmark Retail Financial Advisors LLC, with Pressman as the CEO and managing principal.

The retail card ABS sector includes both store cards owned by individual retailers and private label programs administered on behalf of retailers.


Citi Financial Retail Services Business Review in Etobicoke, ON – Southern Alberta and East Kootenays


#citifinancial retail services

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Citi Financial Retail Services

BBB Accreditation

Citi Financial Retail Services is not BBB Accredited.

Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation.

To be accredited by BBB, a business must apply for accreditation and BBB must determine that the business meets BBB accreditation standards. which include a commitment to make a good faith effort to resolve any consumer complaints. BBB Accredited Businesses must pay a fee for accreditation review/monitoring and for support of BBB services to the public.

Reason for Rating

This business is not currently rated. BBB does not have sufficient information to issue a rating for this business.

Customer Complaints Summary

0 complaints closed with BBB in last 3 years 0 closed in last 12 months

Industry Comparison Chart X

The information in the table below represents an industry comparison of businesses which are of the same relative size. This is based on BBB’s database of businesses located in Southern Alberta & East Kootenays. Businesses may engage in more than one type of business. The percent of time the business engages in a type of business is not accounted for. There is no known industry standard for the number of complaints a business can expect. The volume of business and number of transactions may have a bearing on the number of complaints received by BBB.

*Citi Financial Retail Services is in this range.

Types of Complaints Handled by BBB

BBB handles the following types of complaints between businesses and their customers so long as they are not, or have not been, litigated:

  • Advertising or Sales
  • Billing or Collection
  • Problems with Products or Services
  • Delivery
  • Guarantee or Warranty

We do not handle workplace disputes, discrimination claims or claims about the quality of health or legal services.

Additional Phone Numbers

BBB Complaint Process

Your complaint will be forwarded to the company within two business days. The company will be asked to respond within 14 days, and if a response is not received, a second request will be made. You will be notified of the company’s response when we receive it (or notified that we received no response). Complaints are usually closed within 30 business days.

BBB began including complaint response text in BBB Business Reviews on March 4, 2014.

BBB reports the complaint response text for all reportable complaints against a business that are received electronically.

Industry Tips for Consumer Finance Loan Companies

What is BBB Advertising Review?

BBB promotes truth in advertising by contacting advertisers whose claims conflict with the BBB Code of Advertising. These claims come to our attention from our internal review of advertising, consumer complaints and competitor challenges. BBB asks advertisers to prove their claims, change ads to make offers more clear to consumers, and remove misleading or deceptive statements.

What government actions does BBB report on?

BBB reports on known government actions that are relevant to the business’s marketplace dealings with the public.

About BBB Business Review Content and Services

Some Better Business Bureaus offer additional content and services in BBB Business Reviews. The additional content and services are typically regional in nature or, in some cases, a new product or service that is being tested prior to a more general release. Not all enhanced content and services are available at all Better Business Bureaus.

Thank you for your feedback.

BBB Customer Review Rating plus BBB Rating Overview

BBB Customer Reviews Rating represents the customers opinions of the business. The Customer Review Rating is based on the number of positive, neutral and negative customer reviews posted that are calculated to produce a score.

Customer Review Experience


Our financial services in your country #inretail


#retail financial services

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Meeting clients’ complex and specialized needs

Through its investment banking, asset management and wealth management businesses, UBS in the US provides a wide variety of services and solutions for companies, institutions, governments, hedge funds and financial intermediaries, such as banks and brokers, as well as for their senior executives.

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The products, services, information and/or materials contained within these web pages may not be available for residents of certain jurisdictions. Please consult the sales restrictions relating to the products or services in question for further information.

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Paul Donovan, our Investment Bank’s senior economist, discusses current issues affecting the global economy and markets.

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CIO Wealth Management Americas Research experts — bond, equity and investment strategists, economic policy analysts and others — talk about critical investment issues.

Individuals around the world look to UBS to provide them with the advice, expertise and opportunities they need to protect and grow their wealth.

Leading companies and institutions in more than 50 countries rely on our financial resources, expertise and infrastructure to help them grow their businesses, manage their risks and invest for the future.
In Switzerland, we fulfill every kind of banking and investment need, from savings and credit cards to mergers and acquisitions.

See how our unique global presence and capabilities can help you achieve your financial goals.


Honda Financial Services: Financing, Lease and Warranty Options #retail #music


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Submit Finance Account Number

Register your Honda Financial Services account to access our convenient online account tools. Once registered, you can:

  • Make payments
  • View eStatements
  • View payment history
  • Update account profile
  • Go paperless – Get eDelivery
  • Receive email/text payment alerts

Log-in FAQs

When I try to log in, the system doesn’t recognize me. Why not?

You may have mistyped your username (Honda ID), email address or password. If you try again and are unsuccessful, click the “Forgot your username (Honda ID) or password?” link to reset your password.

If you are using your email address to log in, please make sure that you are using your “website email address” that you used to setup your account and not your “financial services email address” that is used for receiving statements and correspondence.

Please note: If you have previously checked the box marked “Remember Me,” you must still enter your password to log in.

Do you recommend checking the “Remember Me” box on the log-in page?

When you check this box, your username (Honda ID) or email address is stored in a cookie on your computer, and is filled in automatically each time you return to our website. You must still enter your password to log in.

Please Note: We recommend this option if you are the only person who uses your computer. To protect the privacy of your personal information, we do not recommend using this option if you are accessing this site from a public or shared computer.

Transaction History FAQs

How often are updates posted to the online transaction history?

Our system is updated at the end of each business day and will appear on your history
the following business day.

Why isn’t the information updated instantly in your system?

The technology we use to transmit a day’s worth of account updates as a single “batch”
is more reliable and more secure than transmitting each update individually.

Why doesn’t my online transaction history show my last payment?

It often takes several days to receive and process a payment. Once the payment is
reflected in our system, it will appear in your transaction history on the next business day.
This will not be the case if you are viewing your online current statement.

The Honda ID is your personal username. This ID, along with your password, can be
used to access a number of Honda or Acura web sites and mobile applications.


Retail Financial Services New Market Entrants #retail #buyer


#retail financial services

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Thought leadership, thought through

Retail Financial Services New Market Entrants

This white paper is intended to inform the current wave of new market entrants as they consider retail financial services, and to help them avoid making similar mistakes to previous entrants. The paper will consider how incumbents are likely to respond to the new wave of entrants and just what success will look like, both for new entrants and incumbents.

Recent economic turbulence has disrupted markets. Governments and electorates have joined in the criticism that traditional financial services providers have received. The result is the expectation of a fresh approach . In response, we have seen the launch of a number of new players, including Metro Bank in the UK, and Fidor in Germany, among others. There are also entrants and ambitious growth projected from beyond the industry pure play . Among those announcing plans to expand their retail financial services offering is Tesco, via Tesco Bank, in the UK. Yet the fact remains that the market is mature, not to say crowded. Even the more recent engines of growth, e.g. consumer credit, are now at maturity.

Appetite for change is not always followed by action

Market maturity is compounded by the fact that customers can be sticky , i.e. reluctant to change service provider. Whether because of loyalty or inertia, encouraging migration to new providers can prove difficult.

So what makes a winning entrant?

Yet in spite of the obstacles, there continues to be growing interest from new entrants. To gain an insight into the rigors of new market entry, we have reviewed the past performance of some 30 new entrants (across Banking, Insurance, Wealth and Payments). Our timescale covers the last twenty The analysis points to a number of key factors that characterize the winners; i.e. those who have succeeded against original expectations. These factors include parent brand strength and / or strong customer affinity with the provider; innovative propositions; technology innovation; and sustained strategic focus from parent organizations.

What are the key questions prior to market entry?

As a result of our analysis, we conclude that new entrants wishing to improve their likelihood of success should approach the market in a structured fashion. To do so, they need to address the following key questions:

  • Which markets are the most attractive to enter, in terms of geography, customer segments and products?
  • Which is the most viable mode of market entry? Should prospective entrants look to buy an incumbent or one of the businesses that are currently being divested, attempt to partner with an existing player, simply search for an affinity relationship, or build an entire greenfield operation? (Note: in many cases their decision will of course be influenced by regulatory requirements.)
  • What product (s) will they offer and how will they differentiate their offer from the competition? Will differentiation center on price, customer service, or exploiting a new technology development?
  • How will they distribute, remotely or via face-to-face channels?
  • What will their operating model look like and where will their core competencies lie? Based on these characteristics, should they manufacture and distribute themselves and what should they look to outsource?
  • Do they want to go it alone, or to partner? If partnership is an option, with whom should they partner from a product, manufacturing and technology perspective?

Big Data in Retail Financial Services: Finance: UK #retail #outlets


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WHAT IS CPD?

CPD stands for Continuing Professional Development’. It is essentially a philosophy, which maintains that in order to be effective, learning should be organised and structured. The most common definition is:

‘A commitment to structured skills and knowledge enhancement for Personal or Professional competence’

CPD is a common requirement of individual membership with professional bodies and Institutes. Increasingly, employers also expect their staff to undertake regular CPD activities.

Undertaken over a period of time, CPD ensures that educational qualifications do not become obsolete, and allows for best practice and professional standards to be upheld.

CPD can be undertaken through a variety of learning activities including instructor led training courses, seminars and conferences, e:learning modules or structured reading.

CPD AND PROFESSIONAL INSTITUTES

There are approximately 470 institutes in the UK across all industry sectors, with a collective membership of circa 4 million professionals, and they all expect their members to undertake CPD.

For some institutes undertaking CPD is mandatory e.g. accountancy and law, and linked to a licence to practice, for others it’s obligatory. By ensuring that their members undertake CPD, the professional bodies seek to ensure that professional standards, legislative awareness and ethical practices are maintained.

CPD Schemes often run over the period of a year and the institutes generally provide online tools for their members to record and reflect on their CPD activities.

TYPICAL CPD SCHEMES AND RECORDING OF CPD (CPD points and hours)

Professional bodies and Institutes CPD schemes are either structured as ‘Input’ or ‘Output’ based.

‘Input’ based schemes list a precise number of CPD hours that individuals must achieve within a given time period. These schemes can also use different ‘currencies’ such as points, merits, units or credits, where an individual must accumulate the number required. These currencies are usually based on time i.e. 1 CPD point = 1 hour of learning.

‘Output’ based schemes are learner centred. They require individuals to set learning goals that align to professional competencies, or personal development objectives. These schemes also list different ways to achieve the learning goals e.g. training courses, seminars or e:learning, which enables an individual to complete their CPD through their preferred mode of learning.

The majority of Input and Output based schemes actively encourage individuals to seek appropriate CPD activities independently.

As a formal provider of CPD certified activities, SMI Group can provide an indication of the learning benefit gained and the typical completion. However, it is ultimately the responsibility of the delegate to evaluate their learning, and record it correctly in line with their professional body’s or employers requirements.

GLOBAL CPD

Increasingly, international and emerging markets are ‘professionalising’ their workforces and looking to the UK to benchmark educational standards. The undertaking of CPD is now increasingly expected of any individual employed within today’s global marketplace.

CPD Certificates

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Retail financial services #retail #merchandising #companies


#retail financial services

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Retail Financial

Enhance your business value with our innovations

After the recent economic slowdown, the retail financial market is picking up and has started generating improved revenue/profit with the help of the most advanced technology spectrum. Retail finance organizations are exploring options to improve overall business performance by reducing expenditure and increasing productivity. With our successive associations with market giants, we understand changing business dynamics in the retail financial market and help organizations address these challenges effectively.

How we add business value

Our deep-seated roots in the retail financial industry combined with our continuous investment in domain and technical expertise has enabled us to think even beyond the requirements of our customers. We help you transform your business with our innovations, efficient operations and world class services/solutions.

Solutions

Digital Customer Experience

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Egon Zehnder – Retail Financial Services #action #sports #jobs


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Dominique Y. Hansen Practice Group Leader, Toronto

Retail Financial Services

Like any segment of the financial services Industry, Retail Financial Services have suffered through the current crisis. However, retail financial services have also proven to be a more stable and, therefore, critical revenue generator for many banking organizations. Overall, retail banking still represents the most significant source of income for the global financial services industry.

The retail banking landscape is undergoing rapid change, driven by national consolidation in many markets and cross-border M A, in a context of shrinking margins. Although cost containment remains important, the generation of strong, sustainable growth represents the most critical success factor for many retail financial services institutions. As a consequence, the retail banks’ operating model is more than ever focused on the transformation towards increased revenue growth, improved customer service, and lower costs.

Other influencing trends, such as shifting demographics, the rise of emerging markets, higher customer expectations, the need for global operating platforms/models, the rise of new technologies like mobile payments and the need for continuous product innovation, are subjecting executive management teams to ever-rising expectations.

What skills are needed?

To stay ahead in the game, retail financial services institutions need to ensure that they have access to the most highly skilled staff available, both at executive board level and in areas such as multi-channel distribution strategy, marketing, innovative product development, and IT organization. At the same time, the leadership skills required for managing large multi-regional entities across geographies and cultures will be increasingly important.

How can Egon Zehnder support the retail financial services industry?

Egon Zehnder’s global Retail Financial Services Practice serves organizations from all segments of the Retail Financial Services industry to address senior executive search needs, and provide proprietary assessment of leaders’ and teams’ management competencies, including supporting the boards of these organizations address board composition, director succession and CEO succession and search. Over 40 consultants worldwide are dedicated to serving clients in the retail financial services industry.

The management of high-performance teams with the varied technical and regulatory backgrounds needed to steer companies safely through increasingly complex global markets requires a strategic approach to senior executive talent management. Our experienced Executive Assessment and Development specialists work closely with boards and CEOs at retail financial services organizations to assess and develop leaders, maximize the effectiveness of leadership teams, and plan and support succession for key roles on the board and top-management in these challenging times.

Our unique one-firm approach, which facilitates collaboration across geographical and practice boundaries, enables us to bring highly skilled and experienced teams to the table, with proven expertise tailored to meet the needs of clients, and achieve credibility with candidates and opinion leaders around the world.

By focusing on people and skills management in the context of a specific strategy, we help retail financial institutions to rethink their organizations and their winning value propositions.

Dominique Y. Hansen Practice Group Leader, Toronto

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