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Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is the 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.
The term "high street" assumed a different meaning, that of a street where the most important shops and businesses were located. [4] In Britain, the term 'high street' has both a generic and a specific meaning: people refer to 'shopping on the high street' both when they mean the main retail area, as well as the specific street of that name.
Along with discount stores, mainline department stores implemented more and more "stores-within-a-store". For luxury brands this was often in boutiques similar to the brands' own shops on streets and in malls; they hired their own employees who merchandised the selling space, and rang up the transactions at the brand's own cash registers.
The Oxford English Dictionary states that a "grocery" is (especially in British English) a shop that sells food and other things used in the home. [3] The UK government does not define "grocery (shop)" or "supermarket" nor a distinction between them, but defines the types of store formats (whether they sell groceries, or otherwise): [6]
Retail parks originate from out of town retail location containing big box retailers which are not suited to pedestrianised high streets, such as garden centres, home stores supermarkets. [3] More recently, many high street retailers have moved to retail parks, since retail parks offer cheaper rents and cheaper parking for customers.
Traditional retailers offer fewer assortment of products because of shelf space where, online retailers often hold no inventory but send customer orders directly to the manufacturer. The pricing strategies are also different for traditional and online retailers. Traditional retailers base their prices on store traffic and the cost to keep ...
Online stores must describe products for sale with text, photos, and multimedia files, and sometimes have features such as question and answers or filters, whereas in a physical retail store, the actual product and the manufacturer's packaging will be available for direct inspection (which might involve a test drive, fitting, or other ...
SPAR, originally "DESPAR", styled as "DE SPAR" [2] (Dutch pronunciation: [də ˈspɑr]), is a Dutch multinational franchise that provides branding, supplies and support services for independently owned and operated food retail stores. [3]