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Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply ...
Chain store. A chain store or retail chain is a retail outlet in which several locations share a brand, central management and standardized business practices. They have come to dominate many retail markets, dining markets, and service categories in many parts of the world. A franchise retail establishment is one form of a chain store.
Outlet store. An outlet store, factory outlet or factory store is a brick and mortar or online store where manufacturers sell their merchandise directly to the public. Products at outlet stores are usually sold at reduced prices compared to regular stores due to being overstock, closeout, returned, factory seconds, or lower-quality versions ...
"I would suggest people go to the retail stores look around see what you like see what you`re drawn to and then go to the outlet stores and see if there`s anything similar and compare the prices ...
Boutique. A boutique ( French: [butik]) is a retail shop that deals in high end fashionable clothing or accessories. [ 1] The word is French for "shop", which derives ultimately from the Ancient Greek ἀποθήκη ( apothēkē) "storehouse". [ 2][ 3] The term boutique and also designer refer (with some differences) to both goods and services ...
Retail format. The retail format (also known as the retail formula) influences the consumer's store choice and addresses the consumer's expectations. At its most basic level, a retail format is a simple marketplace, that is; a location where goods and services are exchanged. In some parts of the world, the retail sector is still dominated by ...
Retailing in India. Retailing in India is one of the pillars of its economy and accounts for about 10 percent of its GDP. [ 1][ 2] The Indian retail market is estimated to be worth $1.3 trillion as of 2022. [ 3][ 4] India is one of the fastest growing retail markets in the world, with 1.4 billion people. [ 5][ 6] As of 2003, India's retailing ...
The industry standard model for category management in retail is the 8-step process, or 8-step cycle developed by the Partnering Group. [10] The eight steps are shown in the adjacent diagram; they are : Define the category (i.e. what products are included/excluded). Define the role of the category within the retailer. Assess the current ...