Types of Retail Formats

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TYPES OF RETAIL FORMATS 1. CHAIN STORES: • Chain stores are retail outlets that share a brand and central management, and usually have standardized business methods and practices. • These characteristics also apply to chain restaurants and some service-oriented chain businesses. • In retail, dining and many service categories, chain businesses have come to dominate the market in many parts of the world. Chain stores are a form of franchising. • The world's largest retail chain, Wal-Mart, became the world's largest corporation based on gross sales. 2. DEPARTMENT STORE: • These are the general merchandise retailers offering various kinds of quality products and services. These do not offer…show more content…
• A supermarket, also called a grocery store is a self-service store offering a wide variety of food and household merchandise, organized into departments. It is larger in size and has a wider selection than a traditional grocery store and it is smaller than a hypermarket or superstore. 8. CASH&CARRY: • Cash and carry is defined as wholesale depot operations from which retail customers purchase goods and provide their own transport. • Credit terms are normally available, while a limited delivery service may be offered to larger customers. • Cash and carry operators buy goods in large quantities from the manufacturer or buying group and then sell these goods to their retail customers at prices only slightly above what they paid for them. • They accept low net profit margins, in return for high-volume sales, and thus are able to keep costs to a minimum. RETAIL STORES 1. Margin Free: • It is a chain of speciality supermarkets in South India. • The Margin Free Market is a co-operative venture of the Consumer Protection & Guidance Society and the management, which came forward to take up the responsibility of launching it. • The First Margin Free Market, Fort, Trivandrum was inaugurated on 26 January 1994 by the Hon. District Collector Nivethitha P Haran. • Provisions,
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