The Fundamental Purpose Of The Retail Trade Essay

Sales concept – Where product or service is produced and personal selling and other high – pressure selling techniques are used to convince customers to buy. For example A firm that manufacture doors sells their products to residential householders.

The retail sectors are specializing in the selling of products that the consumers need in specific times and places. However, it is hardly the retailer's responsibility to produce the goods. The retailers just act agents, as they get the products to the consumers. Industrial retailing will focus more on the sale of small quantities of the products to the buyers. Transformational processes are not integrated in the retailing processes, as the retailers neither produce nor manufacture any goods. Initially, retailing was just transacted in stores and shop. Presently, technological upgrades and developments have affected the retailing process positively, leading to the use of electronics to do transactions. In most cases, the retailers will transact with cash specifically during payment of the products (Retail Council of Canada, 2009).

Retail: The sale of goods to the public in relatively small quantities for use or consumption rather than for resale.

The retail industry is a sector of the economy that is comprised of individuals and companies

During the past decade, retail markets have undergone many changes in their processes, services, and formats. The last part of distribution of the market strategy, retailing serves as a bridge between the final consumer and the mass producers of products. Retailing has reached every corner of the globe, and Wal-Mart has been eying areas where the

A distinguished structure that is present in today’s retail environment is a shopping centre. A shopping centre is where multiple stores presenting different merchandisers are formed under a building and allocated through a leasing agency. Shopping centers are aimed towards middle income suburban residents who are mobile. A shopping centre has controlled walkways which enable consumers to walk from store to store. Plenty of effort is put into developing the design of a shopping centre, thus increasing the amount of time people spend shopping. The

As we all know, the retail industry is very crucial and is highly competitive. As this company

Retailing is one of the largest industries in the United States and accounts for approximately 10 percent of the gross national product. A retailer is someone who purchases items from a supplier or wholesaler for re-sale at a profit. The retailer earns his or her living by making a profit on the re-sale. Retailers purchase a product, mark up its cost, and advertise it for sale. The mark-up process is the key to the retailers business because if the product is marked up too high, consumers will not buy it. If it is marked too low then the retailer will have lost profits and the supply may be quickly exhausted. Another key to the retail business is knowing what the customer needs or wants and when, how much the customer is willing to pay for the product, what the competition is charging, and where to find the product at the best possible cost to make a profit.

When companies fall behind in the market share, there is no magic wand to wave around, and with intense competition in the department retail business, it is a struggle to maintain profits, expand and modernize.

Retailing is the selling of goods directly to the consumers; this can be achieved in many locations or formats. It is the last stage of the supply chain.

Today, the most important commercial activity is considered retailing, as the retail stores provide the consumers with various products and services. There are many fields in the retail industry such as franchise stores, supermarkets, specialty stores, variety stores, online merchants, and supermarkets. By having many types of merchants, the retail industry thus helps the customers to freely choose the sellers, or stores, and enjoy buying products at the selected stores. As various merchants sell almost all types of physical goods ranging from food, books, beauty aids, toys, automobile parts, clothing, and shoes, the total retail sales in 2013 were around $5 trillion, according to the U.S. Commerce Department. The total retail sales in 2013

End of Retail is your solution to getting something out of the ordinary when it comes to jewelry and accessories. If you are bored or seeing and shopping for the same old traditional pieces of jewelry, come to End of Retail for jewelry items with a twist and at affordable prices. Apart from jewelry pieces, the store also features a wide range of beauty and make up products and also many pieces that are especially designed to support various causes such as Breast Cancer Awareness, Autism Awareness, and for special occasions.

E-commerce (electronic commerce or EC) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the Internet. These business transactions occur either business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business. The terms e-commerceand e-business are often used interchangeably. The term e-tail is also sometimes used in reference to transactional processes around online retail, (SearchCIO, 2015). In other words e-commerce is the buying and selling of goods and services online.

E-commerce is transactions conducted via electronic means such as the internet, email and SMS. It is considered to be one of the most important aspects of the internet to appear. As a result, people are able to exchange goods and services immediately regardless of their geographic location and time. More and more businesses conduct transactions on line, with some trading purely on-line thus reducing overheads and administrative costs.

Sector: Retailing as a sector includes subordinated services, such as delivery. The term "retailer" is also applied where a service provider services the small orders of a large number of individuals.