This tutorial introduces you to various concerns of retail business such as retail marketing, space management, and retail operations. Types of retail formats store retail nonstore retail 3. Sets out the philosophy at the heart of the inditex. Types of retail formats in india learn more regardless if it is a small town or an urban area populated by millions, tiny, usually openair shops line neighborhood streets throughout india. Many new types of retailers, increased diversity to meet diverse needs many new types of retailers, increased diversity to meet diverse needs most people shop at all types depending on situations growth in crossshopping. The single point of purchase could be a brickandmortar retail store, an internet shopping website, a catalog, or. Classification of retail formats, key features, advantages. Types of retail trade just about any local store, online retailer, or big superstore you can think of will fit into one of various categories of retail trade. To the contrary, supermarkets are preferred for fillin trips in the focussed retail market. In supercentre more than 40 percent of sales come from non food items. Non store retail organizations focus on establishing direct contact with the consumer. Each type of consumer may cause the retail industry to consider new retail formats. However, the advantage of a speciality store is that you will find many things in that store related to that speciality which you might not find on the open market. In a department store, the consumers can get almost all the products they aspire to shop at one place only.
Read on for examples of different types of retail endeavors, and why retailing is important to customers and your business. Pdf consumer shopping and spending across retail formats. Many more retail stores exist, such as building supply stores and specialty stores. Secondly, retailers themselves may decide to develop a certain format that. Retail management i about the tutorial retail management is an activity of selling products or services to their endusers. Apart from competition from other formats of retailing, discontinuity in the supplies also poses a threat to such offprice chains. Types of store retail department stores specialist stores categories killers convenience stores supermarkets, superstores and hypermarkets catalogue shops discount stores factory outlets 4.
Overview of the origin and growth of retail formats in india. Retail formats we have a series of broker, individual rep and repping group partners who specialize in product sales within their areas. There are many different types of retail stores, including clothing stores, food stores, beauty stores, jewelry stores, office supply and stationery stores, lawn and garden stores, and gasoline stations. There are five types of nonstore retail trading formats such as telemarketing, direct selling, automatic vending, online retailing, and direct marketing. A department store is a setup which offers wide range of products to the endusers under one roof. Warehouse stores do not bother much about the interiors of the. Store retailing by store based strategy general merchandise. Jan 22, 2019 one of the other popular retail formats in india is the supermarkets. Following are the five types of non store retailing. Super centre are fastest growing retail category and encompasses as much as sales. Consumer shopping and spending across retail formats article pdf available in the journal of business 77s2 february 2001 with 245 reads how we measure reads.
Pdf store format choice and shopping trip types researchgate. Sell a wide range of merchandise that is arranged by category into different sections of the physical retail space. They are large, most often selfservice and offer a huge variety of products. Scribd is the worlds largest social reading and publishing site. Classifications of retailing formats the retailing formats can be classified into following types as shown in the diagram. The spar, spar express, eurospar and interspar formats are constantly modernised and updated to ensure the best possible shopping experience for spar customers the world over.
Examples of department store retailers include macys, nordstrom. Some department store categories include shoes, clothing, beauty products, jewelry, housewares, etc. Neelika arora introduction india is growing at a great pace and the retail sector is also developing with it. In this lesson, well examine different types of retail channels such as stores, online, catalogs, direct sales, television home shopping. Retail is the sale of goods to end users, not for resale, but for use and consumption by the purchaser. We can divide indian retail market in three forms which are mentioned below. Apart from competition from other formats of retailing, discontinuity in. These are generally familyowned businesses catering to small sections of society. Be prepared to discuss your responses with the entire class. Retail formats and classification free download as word doc. Department store is the best form of store retailing, to attract a number of customers. Typical retail formats are hyper, superfresh, neighborhood supermarkets, kirana, wholesale. A supermarket is a grocery store that sells food and household goods.
Merchandiserelated attributes of store formats have a. Types of retail formats central university of jammu. Types of retailers retailers use different retail mixesmerchandise. Lesson 1 an overview of retailing introduction the word retail is derived from a french word with the prefix re and the verb tailer meaning to cut again. These stores usually aim at the customers of traditional department stores by offering products at 40 to 50 per cent discount. There are many types of retail formats like discount stores, supermarkets, convenience stores, department stores, etc. India is growing at a great pace and the retail sector is also developing with it. A speciality store is one which focuses on one or two specific categories.
Concept of business world, strategythe retail perspective, international expansion, the retail value chain. Pdf current status and future evolution of retail formats. Pdf documents can be categorized in three different types, depending on the way the file originated. Chain stores are retail outlets that share a brand and central management, and usually have standardized business methods and practices. Ownership based retailing let us see these retailers in detail in retailing formats. These characteristics also apply to chain restaurants and some serviceoriented chain businesses. They are small, individually run and handled retail outlets. Store based formats can be further classified into two formats based on the basis of ownership or merchandise offered.
Retail formats can be classified into the following categories. Concentrate on a limited number of complementary merchandise deep and narrow with a high level of service. It also introduces you to visual merchandising, retail marketing mix, and etailing. Retail format pdf using transaction utility approach for retail format decision. Evidently, retail trade is one that cuts off smaller portions from large lumps of goods.
Their conceptual framework rests on the presence of triplevel fixed and categorylevel variable utility components and shows how the tradeoff between these components results in 1 different formats visited on different types of shopping trips and 2 differential marginal sensitivities of brand shares to changes in marketingmix variables. Retail involves the sale of merchandise from a single point of purchase directly to a customer who intends to use that product. Three retailing theories explain how different retail formats emerge, mature and are then replaced by another format. Click below to see more information on each store type. Spar operates a multiformat retail strategy, allowing spar partners to adjust their retail proposition to meet specific customer needs in different markets. The following kinds of retail formats are found in india. May 06, 2012 supercenter developed based on the european hypermarkets, an extremely large retailing facility that offers many types of product in addition to foods. In the supply chain, retailers are the final link between the manufacturers and ultimate consumer. One of the other popular retail formats in india is the supermarkets. People buy consumer goods through a variety of channels. Classification of retailing formats in retail management. A particular stores format is decided basis what kind of customers will it cater to. The retail marketing mix and the retail product the set of controllable tactical marketing tools that the firm blends to produce the response it wants in the. Rank among the most profitable and fastest growing retail formats in the world.
Types of retail formats store retail nonstore retail. Forbes takes privacy seriously and is committed to transparency. This may be both personal direct personal selling and nonpersonal tv, the. Starbucks stores come in a variety of formats that are designed to serve people, not just coffee. People head to supermarkets when they need to stock up on groceries and other items. These group sites and efforts cater specifically to a manufacturer who wants concentration from experts knowing their product lines and those retailers and distributors that are prominent in those formats. Retailing is the sale of goods and services to the ultimate consumer for personal, family or household use. Chapter 2 retail formats chapter 2 discusses several types of retail formats. How it was originally created also defines whether the content of the pdf text, images, tables can be accessed or whether it is locked in an image of the page. The major types of storebased retail formats in general merchandise retailing that will be discussed in this chapter are drugstores, specialty stores, category. Yashi vajpeyi introduction the word retail has its origin in french word retaillier and means to cut a piece or to break bulk.
These retail store formats vary from each other on the basis of their product assortment product depth and width, price and location. The retailers are venturing into a number of formats as indian retail transits through the experimental phase. Supercenter developed based on the european hypermarkets, an extremely large retailing facility that offers many types of product in addition to foods. Big indian business houses are entering into retail sector and are adopting various retail formats for their business which are best suited to them. Espanol english download annual report 20 pdf annual report 20. New retail formats target the nations next biggest buying group. Retail formats and classification retail discounts and. They own and run a single shop, and determine their policies independently. Consumer perceptions towards different retail formats in india. The institutions carrying on the retail business can be classified as under 1. It is a process through which goods are transported to final consumers.
Jun 25, 2019 retail is the sale of goods to end users, not for resale, but for use and consumption by the purchaser. A retail format which sells limited stock in bulk at a discounted rate is called as warehouse store. Nov 22, 20 types of retail formats store retail nonstore retail 3. Dec 05, 2015 typical retail formats are hyper, superfresh, neighborhood supermarkets, kirana, wholesale. Types of food retailers ppt 28 types of general merchandise retailers. Types of retail locations, steps involved in choosing a retail location, methods of evaluating a trading area. The theory suggests that new forms of retailing appear as price cutting, low cost and narrow profit margin operations. In recent years, there has been a slow spread of retail chains in some formats.
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