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Retail is the sale of goods and services to consumers, ... Macro factors include market characteristics (demographic, economic and socio-cultural), demand ...
The retail marketing mix or the 6 Ps of retailing. ... The main characteristics of a company's product assortment are: [4] (1) the length or number of products lines
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 ...
It’s especially hard in retail, where a flood of entitled customers could come in minutes before closing, adding an extra 30 minutes to your shift. “We all want to go home and have a real life ...
The category of business (NAICS code 4551) "Grocery stores" is defined as "primarily engaged in retailing a general line of food products", [2] and the subcategory (NAICS code 455110), "Supermarkets and Other Grocery (except Convenience) Stores" is defined as "establishments generally known as supermarkets and grocery stores, primarily engaged ...
Retail life cycle theory explains how the existing retail formats develop and why the retail formats develop in this way. Many different factors, such as price cycle, market environment and macroeconomic fluctuations and so on, are attributed to the influence of retail life cycle, which makes the theory more convincing.
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
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.