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What are the different types of retail formats?
What is a retail format?
What format should a retail store use?
What are the types and extent of retail services?
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
Learn about the different types of modern physical store formats and know which format works best for your retail business.
- Leigh Sevin
Learn about the next generation of retail store formats and see how the omnichannel shopper is driving the physical store’s evolution.
The article provides an elaborate coverage on the various kinds of store formats, the key features of some of the important store formats along with the relative advantages and disadvantages have also been explained.
Mar 1, 2021 · This paper reviews the current literature on retail formats, proposes a framework for customer-centric retail formats as they advance, explores current and potential developments in retail formats, and offers directions for future research in this domain.
Feb 2, 2022 · The average grocery store size is currently 38,000 square feet, with small formats ranging in size between 12,000 square feet and 25,000 square feet, and even smaller micro-stores in urban markets. In recent years, we’ve seen a number of small-format grocery stores emerge, such as Aldi, DG Market, and smaller versions of larger chain stores.
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