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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 ...
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.
"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 ...
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Hypermarket. A hypermarket or superstore is a big-box store combining a supermarket and a department store. [ 1] The result is an expansive retail facility carrying a wide range of products under one roof, including full grocery lines and general merchandise. In theory, hypermarkets allow customers to satisfy all their routine shopping needs in ...
A company store is a retail store selling a limited range of food, clothing and daily necessities to employees of a company. It is typical of a company town in a remote area where virtually everyone is employed by one firm, such as a coal mine. In a company town, the housing is owned by the company but there may be independent stores there or ...
A farm shop, or " farm stand " in the United States, is a type of retail outlet which usually sells produce directly from a farm. Some farm shops also resell related goods such as locally produced groceries, foods, drinks and delicatessen products. In developed countries the number of farm shops is increasing as farms seek to diversify their ...