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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 ...
Revenue. 1.4million usd. Owner. Pothy Ramesh. Website. www .pothys .com. Pothys is a chain of textile showrooms in South India. Originally they exclusively sold silk sarees, but today all types of garments are sold. The flagship store in Chennai is called Pothys' Palace.
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.
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 small family-run ...
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]
Textiles, ready-made, silk sarees. Number of employees. 50000. Parent. SCM Group. Website. www .thechennaisilks .com. The Chennai Silks is chain of retail textile shops in South India. [ 1][ 2]
A department store is a retail establishment offering a wide range of consumer goods in different areas of the store, each area ("department") specializing in a product category. In modern major cities, the department store made a dramatic appearance in the middle of the 19th century, and permanently reshaped shopping habits, and the definition ...
Higginbotham's is an Indian bookstore chain and publisher based in the city of Chennai. The company's first bookstore at Mount Road, Chennai is India's oldest bookshop still in existence, [ 1][ 2] founded in 1844. The company's second bookstore in Bangalore, located at M. G. Road, opened in 1905 and is the oldest existing bookstore in the city.