Retail TNT

Product liability insurance is needed by businesses that make or manufacture products, by businesses who import or distribute products, and by stores that sell products to consumers. At first glance, it is easy to see why a manufacturer would need liability insurance in case a product that they make is flawed during the manufacturing process or is found to be hazardous due to the faulty design of the product. However, importers, distributors, and retail stores also need a policy to cover liability as well.

The theory on who needs product liability insurance is best seen in a recent pet food recall involving the country of China. China made tainted pet food that was imported by a Canadian company with two physical US locations. The Canadian company supplied the US Wal-Mart stores with the tainted pet food that was then sold US consumers. Many pets died from the tainted pet food that was sold by Wal-Mart and these unhappy pet lovers started to sue for product liability damages through their US court systems.

Product liability insurance is needed by a manufacturer, unless that manufacturer is outside of the United States realm of control. The pet lovers could not sue the China manufacturer for damages, and even if they tried to sue in China, there is no easy way for a United States citizen to collect court orders damage money from another country.

Product liability insurance is needed by importers and distributors. The Canadian importer was from out-of-country, but did have two locations within the United States that were under United States control. The Canadian importer/distributor could be sued by the pet lovers.

Product liability insurance is needed by retail stores when they sell products. Wal-Mart had many lawsuits placed against them by the pet lovers for selling the pre-packaged food that killed their pets.

As is seen in the above example, the pet owners had the right to completely ignore the manufacturer in China who was the prime culprit in favor of suing the easier people to get to. Product liability laws in the United States can hold all people who come in contact with faulty products responsible to pay for damages if a consumer suffers injuries that are brought about by a faulty product. Product liability insurance is a necessity for all sizes of businesses that deal with consumer products in any manner. Injury claims in court often result in large amounts of damage money being awarded; this can ruin your business.

Jindal Steel and Power Ltd. Unveils New
Retail Identity, Jindal Panther

~ Introduces TMT Rebars as the first product under new brand name ~
~ Jindal Panther TMT Rebars come with a higher degree of strength, ductability, malleability and superior seismic resistant properties ~

New Delhi, August 5, 2013: Jindal Steel and Power Ltd. (JSPL), Indias leading steel and power company today announced the launch of a new retail brand, Jindal Panther in India. The brand is inspired by the Black Panther, a powerful feline synonymous with strength, agility and rebirth.
The first product to be launched under Jindal Panther is the Jindal Panther TMT Rebars, signifying the company’s foray into the retail product segment. The new generation premium quality ribbed Thermo Mechanically Treated (TMT) Rebars have a higher degree of strength, ductility and malleability, yielding the best results for all constructions needs.

Speaking at the launch of Jindal Panther, Mr Ravi Uppal, MD and CEO, Jindal Steel and Power , At JSPL, our brand values are rooted in excellence, innovation and commitment to world class quality as envisioned by our founder Sh. O.P Jindal. Our entry into retail is spurred with an aim to provide top quality reinforced bars to the housing segment. Jindal Panther TMT Rebars have been inspired by the strength and agility of the powerful Panther and promises to empower every Indian home by offering strength and purity to its construction. With this we aspire to serve the emerging needs of infrastructure in the country.

Jindal Panther TMT Rebars have been made with superior quality steel billets with a restricted level of Sulphur and Phosphorus, a maximum of 0.055% to comply with the latest BIS (Bureau of Indian Standards) specifications. The manufacturing process uses the worlds most advanced Morgan Rolling Mill deploying HYQST (High Yield Quenching & Self Tempering) TMT technology, making it more strong and ductile.

Jindal Panther TMT Rebars aims to break the acronym mould of the category, and engage with the end customers to cater to varying housing and construction needs. The high strength, bendability and weldability factors allow the TMT rebar to withstand shock loading and cyclic loading conditions making it an ideal choice for buildings in high seismic zones. Made with consistent mechanical and chemical properties for both residential as well as industrial projects, the TMT rebars have been made available across retails outlets, integrated with a channel network of 40 distributors and over 1000 dealers.
The TMT rebar is being produced at the TMT Rebar mill at Patratu, Jharkhand with a production capacity of 1.0 MTPA, using the leading Siemens rebar production technology from USA.

The mill produces high strength rebars confirming to IS 1786:2008 in Fe 500D, Fe 550D & Fe 600 grade in normal, EQR & CRS quality.
About Jindal Steel & Power Limited (JSPL)
Jindal Steel and Power Limited (JSPL) is one of Indias major steel producers with a significant presence in sectors like Steel, Mining, Power Generation and Infrastructure. With an annual turnover of over US$ 3.5 billion, JSPL is a part of the over US$ 18 billion diversified O. P. Jindal Group. In the recent past, JSPL has expanded its steel, power and mining businesses to various parts of the world particularly in Asia, Africa and Australia.

The company produces economical and efficient steel and power. From the widest flat products to a whole range of long products, JSPL today sports a product portfolio that caters to major infrastructure & housing projects in the country. It also has the distinction of producing the worlds longest 121 metre long rails and large size parallel flange beams, high strength angle irons for transmission towers and high strength earthquake-resistant construction rebars.

The company is equally concerned about the environment and is committed towards restoring natures balance by maintaining a clean and green environment. JSPLs Corporate Social Responsibility policy aims at bringing about a radical transformation in the quality of peoples lives in and around the operation areas of the company through positive intervention in social upliftment and revenue generation programs.

Note:
Panther TMT Rebars Features that Distinguish
1) Jindal Panther TMT Rebars have precise, uniform and parallel rib pattern engraved through computer controlled notch making machines, which results in excellent bond strength with concrete. Parallel ribs on Jindal Panther TMT Rebars have been produced by a high-speed finishing block which is an ultra-heavy-duty block using Tungsten Carbide rings that imparts close dimensional tolerance and superior surface finish.
2) Jindal Panther TMT Rebars have been proven to have higher resistance to cyclic loading and are recommended for earthquake prone areas due to their superior seismic resistant properties. The TMT Rebar meets international specifications for the UTS/YS ratio imparting high ductility and strength. Higher UTS/YS ratio and more percentage elongation signify that the steel is capable to strain harder, in the event of an earthquake.
3) Jindal Panther TMT Rebars have excellent bendability (in spite of their high strength) facilitating easy bending, making work easier and faster at construction sites. This coupled with low carbon content leads to superior corrosion resistant properties as compared to any ordinary rebars.
4) The quenching at 1050 degree celsius and the self-tempering treatment at a temperature of approximately 650C results in a consistent and thick layer of tempered martensitic-ring on the outer surface of the rebar imparting higher capacity to retain strength at elevated temperatures.

For further information, please contact:
Atul Malikram
+91 9827092823

Owning a retail business can be quite nerve-wrecking if you dont have a proper security system in place. You keep picturing worst-case scenarios of how your retail store being broken into, vandalised or have its merchandises stolen by your own customers. Product loss through theft and damage is actually a common problem faced by shop owners and retailers. Without a reliable security system in place to protect the products and the stores, you will be in constant fear of what ifs. Avoiding this type of situation is simple once you learn how retail security systems can provide your business the protection it deserves.

Retail security systems explained

A retail security system is basically a set of tools and equipments designed specifically for retail businesses. These may include, but not limited to, security cameras and CCTV, product monitoring and inventory, and point-of-sale monitoring.

For businesses that dont have the budget for hiring security personnel, getting security cameras and CCTV would be an effective way in keeping an eye on customers as well as the stores. To be more effective, however, a technical security guard is still required to monitor the camera.

Electronic Article Surveillance (EAS)

A more comprehensive protection system would require the use of CCTV coupled with anti-theft tags or EAS (electronic article surveillance) and exit sensors. To use the system, an EAS tag or label will be attached to each item. When someone tries to take the merchandise out of the store without paying and the tag has not yet been deactivated the exit sensors will pick up the signal and will sound the alarm. Though it will not deter theft 100 percent, it can decrease it by at least 60 percent.

How much does the retail security system cost?

Depending on the retail security system, it can range from a hundreds of Euros to several thousand. It is important for your business not to consider the cost of purchasing the security system as just another expense; because it really is an investment that can provide the assurance and security your business needs to flourish and grow.

Which system should your business uses?

Every store is unique and may have different security needs. Therefore, it is important to consult with experienced security service provider such as Techstore to ensure that your business is protected. You will be explained of the benefits and drawbacks of each system and get recommendation of the system that suits your business the most. There are many systems that you can choose from. The systems range from the basic one to the highly sophisticated one, such as one that requires little human intervention.

Shopping, the great British Saturday afternoon pass time. How many times have you wandered aimlessly with your loved one, when all you want to do is watch the afternoon’s sports? I thankfully tend not to risk life and limb shopping in the high street these days. On the occasions that I do though, I am always disappointed at the lack of sales skills that the retail staff posses. I find it unlikely that some of the biggest brands on the high street don’t offer sales training, so I assume that the workers choose not to use it. The result? A huge amount of sales opportunities lost.

We’ve all been there, we walk into a shop and almost instantly the sales assistant enquirers if he may “help you?” or if we “need any help?”. I am going to sound a little cynical here, but surely the response 9 times out of 10 will be a “no thank you” or a “I’m just looking”. The “just looking” response is a strange one…surely nobody looks at items for sale unless they are interested in buying them in the first place! This response is a British one, one which underlines our hatred or unwillingness to be open about our purpose.

The truth is also that we don’t like being confronted, being put under any form of pressure and we especially don’t like being “sold to”. The quickest way to avoid this is to respond with a “no” and quickly!

Some people may see sales staff as commission based vultures, sure some maybe, and it’s likely that some sales staff see customers as time wasters or an extra few pound. People working in sales’ success is dependent on the opening question. A closed question such as “can I help?” invited a “yes/no” answer, which is pretty difficult to move on from. If you work in sales, focus on using open questions, which invite conversation. For example, try “what kind of television are you looking for?”. This approach tells the customer that you know they are looking to buy and you are then inviting them to have a discussion about their preferences with you.

Yes it is simplistic, but this slight change in your approach is likely to have a huge impact in the number of sales that you generate on the shop floor.

Good Luck

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