Search results
People also ask
What are the different types of retail formats?
What is a retail format?
What are the types and extent of retail services?
What format should a retail store use?
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.
- The Role of The Retailer in The Distribution Channel
- Department Stores
- Super Markets
- Chain Stores Or Multiple Shops
- Discount Houses
- Direct Selling
- Telemarketing
- Online Retailing
- Automatic Vending
- Direct Marketing
1) Retailers A retailer is different from the rest of the elements of the supply chain because only the retailer directly interacts with the end-consumers and sell them goods. You must have observed while shopping that there are different types of retailers. The difference can be made on the basis of the shapes and sizes of the retail stores. There...
Department stores are large stores which sell different types of products under one roof in different departments. Each department has an individual specialization of merchandise. Each store is handled separately in accounting, management, and location. Therefore, a department store handles different business units and deals with a variety of merch...
Supermarkets are self-service stores that sell a wide range of food as well as non-food products. supermarkets have at least four basic departments such as self-service grocery, dairy produce, meat, and household department. These stores can be either entirely operated by owners or they are given on lease to others to operate.
In this format of retailing, a chain store consists of four or more stores sell the same kind of merchandises and are owned and managed by a single owner. The supplies are stocked in chain stores are provided by one or more warehouses owned by the chain store owner. This retail format is known as “Chain Stores” in America and known as “Multiple Sho...
Discount house is a type of retail format which operates at low cost and almost no customer’s service. These stores are large in size, open for public and advertised heavily. They sell a wide range of products of well-known brands, housewares, appliances, sporting goods, house furnishing, toy and automotive services, and clothing, etc. These stores...
Direct selling is when customer and seller have direct contact with each other away from the store. direct selling is also referred to as home selling. The total volume of direct selling has been growing in India since the beginning of the 21st century. Direct selling is not only popular in India but it is also utilized in many other countries. In ...
Telemarketing is also known as telephone selling. In telemarketing, a salesperson initiates a sale over the phone to a prospect and close it over the phone only. It consists of cold canvassingfrom a phone directory. There are various products such as magazine subscriptions, pest control devices, club memberships, and credit cards which can be sold ...
Online retailing is when a firm offers products on their website and people and organizations from this company. In this way, both entities engage in the online transaction also known as internet marketingor electronic transactions. In online marketing, there are one or more businesses involved and the buyer is an ultimate consumer. The number of o...
A sale is made without the slightest contact between a seller and a buyer through automatic vending. The ideabehind selling through automatic vending is to provide convenient purchase. Products from well-known brands and those have great turn-over are usually sold through automatic vending machines. Most of the selling from automatic vending comes ...
Direct marketing consists of all Non-store retail formats except telemarketing, direct selling, online retailing, and automatic vending. Direct marketing is a way of contacting customers through broadcasting or print media. The products are advertised on these media and customers buy products online without even going to retail stores. The differen...
- 7 min
Some of the types of retail formats are: 1. Departmental Store 2. Multiple Shops 3. Mail Order House 4. Consumers’ Cooperative Store 5. Super Market 6. Hyper Market. Additionally learn about some other retail formats: 1. Mom-and-Pop Stores 2. Kirana Stores 3. Discount Stores 4. Category Killers and 5. Speciality Stores.
Retail Formats can be classified into the following categories: Store Based: Store based formats can be further classified into two formats based on the basis of Ownership or Merchandise offered. Non Store Based Classification: Non Store retail organizations focus on establishing direct contact with the consumer.
Mar 1, 2021 · In general, a retail format is a combination of different levels of retail services such as information, accessibility, assortment, ambience, and delivery speed. 1 These service attributes form the basis for competition between formats.
- Dinesh K. Gauri, Rupinder P. Jindal, Brian Ratchford, Edward Fox, Amit Bhatnagar, Aashish Pandey, Jo...
- 2021
Nov 17, 2023 · Today, we’re delving into the four fundamental types of store-based retail, shedding light on their distinct characteristics and the roles they play in our daily lives. From the sprawling departments of large-scale emporiums to the digital shelves of online marketplaces, the variety of retail formats is as diverse as the products they offer.
Learn about the different types of modern physical store formats and know which format works best for your retail business. Written by Leigh Sevin , Co-Founder @ Endear
9.0/10 (6350 reviews)
Create a Customized Business Plan in Minutes. Edit & Print for Immediate Use.
