Types of retail formats ppt. Types Of Retail Formats Ppt PowerPoint Presentation Professional Portfolio 2022-11-03
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There are various types of retail formats that businesses can choose from when setting up a physical store or selling their products and services to customers. These retail formats can be categorized into different types based on their size, target audience, and the products or services they offer. Here are some of the common types of retail formats:
Department stores: These are large stores that sell a wide range of products and services under one roof, including clothing, household items, electronics, and more. Department stores are generally aimed at a mass audience and offer a wide range of products at various price points.
Specialty stores: These stores focus on a specific type of product or service, such as clothing, electronics, or sporting goods. They often have a narrow target audience and offer a deep selection of products within their niche.
Supermarkets: These are large stores that offer a wide range of food and household items for purchase. Supermarkets are typically aimed at a mass audience and offer a range of products at various price points.
Convenience stores: These are small stores that offer a limited selection of products, such as snacks, drinks, and basic household items. They are typically located in busy, convenient locations and are aimed at customers who need to make quick purchases.
Discount stores: These stores offer a wide range of products at discounted prices. They often have a mass audience and focus on offering low-priced products.
Online stores: These are virtual stores that allow customers to purchase products and services over the internet. Online stores can be standalone operations or can be associated with a physical store.
Each of these retail formats has its own unique features and target audience, and businesses can choose the format that best fits their needs and goals.
Archie's , Auto dealers Dealer must sell the franchisers product in the exact way the franchiser prescribes. Often, an efficient management is made on all levels. There is only decentralisation of selling. India is, however, one of the biggest franchising markets because of its large middle-class of 300 million who are not reticent on spending and because the population is entrepreneurial in character. Symbol of Modernity — The departmental stores make an effort to keep commodities of new designs and these are therefore, called a symbol of modernity. Archie's , Auto dealers Dealer agrees to sell certain products provided by a manufacturer, but can use any sales tactics he chooses.
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Cash Sales- The stores sell goods to the members on cash. In addition to this, with the invention of the internet, these small stores also take their business online and orders from customers irrespective of their geographical location. Many times, shoppers buy similar kind of merchandise through separate formats. The mail order house packs goods and sends them by V. As a result, the stores have large turnover leading to greater revenues. Large-Scale Trading- It is an example of large-scale retail organization. Department stores are usually part of a retail chain of many stores situated around a country or several countries.
Since, there is lack of efficient employees in India, such stores are not so much prevalent here. Features of Goods under Hire-Purchase System : 1. They do not try to convince and persuade the customers to buy. A part of the profit may also be utilised for social purposes. The above-mentioned difficulties could be a reason for less scope of vending machines in the future.
Variety is the number of different merchandise categories a retailer offers. Features of these PowerPoint presentation slides: This is a types of retail formats ppt PowerPoint presentation professional portfolio. Small independent stores, across product categories, is a very common retail format in India, particularly in small townships, but with the emergence of new retail formats they are also undertaking large scale renovations to attract their target consumer segments. Their capacity to contribute to share capital is limited. This template helps you present information on nine stages.
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Service-firm-sponsored retailer franchise : A service firm organizes a whole system for bringing its service efficiently to consumers. These days, departmental stores have become very popular in almost all the countries. Only rich persons can afford to buy goods from shopping malls. This can be a drawback for the seller as many people take advantage of this policy. The store sets operating restrictions for the leased department to ensure overall consistency and coordination. Location of Department stores Special consideration should be taken into consideration before choosing the location of a department store. Here is a video by Marketing91 on Retail formats.
Retailers develop a mix by using the following elements, essentially based on the value identified and the environmental factors. Unified Control- All purchases are made centrally while selling is decentralised. Reduction in Efficiency — Apart from a large capital, more efficiency is required for these stores. Bumper Sale — Owing to availability of all necessary commodities at a single place, bumper sale is made by Super Bazar. The sales are made entirely by mail and there is no personal contact between the seller and the customers.
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Books, drugs and medicines, sport articles, cosmetics and beauty aids, electronic gadgets of small value and cameras are some of the goods which are sold through mail. There are also no sales assistants to help customers. Such a system does not allow Territorial exclusivity. There are no salesmen and the customer selects the commodities of his choice, puts them on dishes and brings at the counter himself. The final and current phase of evolution emphasises diversification. However, with the increase in the non-physical transaction the concept of non-store retail stores came into existence. Compensation is paid through annual fees, royalty on gross sale, rental and lease fees on equipment and fixtures supplied by the franchiser, a share of profits, regular license fees, or any other arrangement worked out to mutual advantages of both franchiser and franchisee.
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Hence, packages must have all such details printed thereon as would provide satisfactory, full and necessary information to the customers. This may cause loss to the super market. There are two types of direct selling such as door to door and Party Plan. Cash Sales — Only cash sale is made in these shops. Super market is organised on departmental basis and a customer can buy various types of goods under one roof. For items of small value or for just one or two items, one need not go to a Mall or Hyper market. By visiting one place, the customers can buy all types of goods required by them.