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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 ...
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 ...
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.
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 ...
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 ...
Marketing. The point of sale ( POS) or point of purchase ( POP) is the time and place at which a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice for the customer (which may be a cash register printout), and indicates the options for the ...
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 industry was ...
A location in Tanasbourne, Oregon, operated by Ted Walsh. James Read founded the company on June 11, 1946, in San Francisco, California. [ 3][ 4][ 6] He bought government surplus food products and sold them in previously vacant stores throughout San Francisco. [ 3][ 6][ 12] He named his new company Cannery Sales. [ 6][ 12] In 1970, Cannery ...