A format is defined as a type of retail mix that is followed or used by a set of retailers that offers some unique benefit that helps in attracting shoppers. It is the mix of variables that retailers use to develop their business strategies and constitute the mix as merchandise assortment, pricing, transactional convenience, preferential approach, channel, experience, and the [...]
List of top six retail organisations:- 1. Departmental Store 2. Multiple Shops/Chain Shops 3. Mail Order Business 4. Consumers' Co-Operative Stores 5. One-Price Shops 6. Super Bazar or Super Market or Combination Store. Retail Organisation # 1. Departmental Store: A departmental store is a large scale retail organisation having a number of departments under the same roof, each confining its [...]
In this article we will learn about:- 1. Meaning of Multiple Shop System 2. Characteristics of Multiple Shop System 3. Organisation 4. Advantages 5. Disadvantages 6. Effects on Middlemen. Contents: Meaning of Multiple Shop System Characteristics of Multiple Shop System Organisation of Multiple Shop System Advantages of Multiple Shop System Disadvantages of Multiple Shop System Effects on Middlemen in Multiple [...]