Fashion Retail Management Project 1 Understanding Competition Vending Machine Retailing Presented by Grace Ng and Claire Phuah
Overview • Introduction: What is Non-store retailing? • Topic: Vending Machine Retailing • Pros and Cons of Vending Machine Retailing • Evaluation • Conclusion
Introduction Non- store retailing is a form of retailing in which consumer contact occurs outside the confines of the retail store, such as vending machines and electronic shopping, at home personal selling, and catalog buying. What is non-store retailing?
Why is non-store retailing growing? • Availability (i.e., the Internet) • Convenience-open 24/7 • Fast-paced lifestyles • Dislike for shopping in stores • Time constraints • Low overheads for the retailer
Vending Machine Retailing -History -Where are they located? -What type of products available? -Why is it so popular? -Who are the players?
History • Invented in 215 B.C Egypt for ritual cleansing • In the 1880s,the world’s first commercial coin • operated machine was introduced in London • which dispensed post cards. • Became popular in the US in the late 1800s
Where are the vending machines located? Virtually everywhere!! Bus-stops, toilets, petrol stations, schools, MRT stations, hospitals etc.
Rice Convenience store Pornography Condoms Vegetables Medication Eggs Type of products
Why are vending machines so popular? Retailer Consumer • Convenience • High profits • Fast service • Low start- up costs • Fast- paced lifestyle • Saves space • Time- constraints • Cut labor costs • Stock lost prevention • Weather conditions • Reduce armed- robbery • Quick response
Who are the players? • Companies (F & B, healthcare, publications) • Associations • Entrepreneurs
Evaluation Is Vending Machine Retailing a threat to other forms of retailing? NO
Vending Retailing is Not a Threat! • Human interaction still preferred • Limited retail mix • No exchange policy for defects • Dependent on electricity • No promotions
Conclusion What is Vending Machine to future of retailing? • Address problem of greying population • SMS vending • Tiktok Easy Shop Big Box (Shop 2000) • Office Supplies E-Station Higher efficiency & Convenience!
We Hope you have a better understanding of…. • Vending Machine Retailing • Pros & Cons of Vending Machine Retailing • Future of Vending Machine Retailing Thank You