Retail is one of the biggest industries in the world. It is defined as any company involved in the sale of services or product. There are various ways one could sell products, it includes storefront or online retailing as well as by catalog or mail. Meanwhile, most brick and mortar stores have converted into chain stores that undercut mom and pop stores by purchasing large amount of products in bulk and spread them across various stores or in different regions. Just like that enterprises selling online or via catalog, store the product off-premise and use logistic servicesto ship from off-site locations.
Proper retail market analysis allows the small business to expand themselves by creating an ecommerce store front or selling online. Retail stores can be any outlets that proffer any products or services to be sold, these include –
- Department stores
- Convenience stores
- Technology stores
- Discount stores
- Home stores
- Chain stores
- Warehouse clubs etc.Read More..