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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 ...
From Wikipedia, the free encyclopedia. Redirect page. Redirect to: Retail format#Retail types by marketing strategy
Instantly she was able to tell the leather from the outlet store was a lesser quality and the stitching wasn't as detailed as its retail counterpart. The same goes for a pair of women's pants and ...
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is the 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 ...
By 2004, about 15% of New Zealand businesses were retail outlets. These businesses accounted for 19% of total employment and 7.5% of the Gross Domestic Product with total sales of about $51 billion. Supermarket and grocery stores made up about 28% of non-auto sales and 16% of retail employees. [1]
This is the highest percentage of major retail outlets such as department stores, supermarkets and convenience stores. [ 2 ] South Korea's three largest hypermarkets (E-mart, Lotte Mart and Homeplus) had 395 stores in 2013; E-Mart had 148 stores (37.5 percent), Homeplus had 139 (35.2 percent), and Lotte Mart had 108 (27.3 percent).
An online shop evokes the physical analogy of buying products or services at a regular "brick-and-mortar" retailer or shopping center; the process is called business-to-consumer (B2C) online shopping. When an online store is set up to enable businesses to buy from another businesses, the process is called business-to-business (B2B) online shopping.