What is a Deep Assortment? Deep assortment is the total number of SKUs that a retailer offers in a particular product category. Specialty stores with…
Assortment Strategies – Definition, Importance, Components, Tips
What are Assortment Strategies? Assortment strategies are the strategies that retailers use on daily basis for finding out the optimal product mix for their inventory….
What is a Department Store? Definition, Types and Examples
A department store is a large retail establishment that offers a wide range of products, including clothing, home goods, furniture, electronics, and more. Department stores…
Destination Store – Definition, Overview, Types and Examples
What is Destination Store? A destination store is a type of retail store that is designed to be a destination in and of itself. Destination…
Hard Goods vs Soft Goods
Hard goods are physical products that can be touched and felt. They are typically made from durable materials such as metal, glass, or plastic. Hard…
Franchising – Definition, Advantages and Disadvantages
Franchising can be defined as a business relationship between two parties (franchisor and franchisee). Under the franchising business protocol, the franchisor provides the franchisee’s license…
Electronic Retailing or E-tailing | Definition and Meaning
Electronic retailing or e-tailing is a B2B or B2C sales of goods and services via the internet. Because of such a way of functioning, e-tailing…
Retail Manager – Responsibilities and Career In Retail
A retail management job will provide you with the opportunities to make your store work and make you in charge of it. you will be…
Green Retailing – Concept, Advantages and Ideas
Green retailing is a modern concept of retailing in which a retail business is managed by taking the benefits of eco-friendly processes. This concept is…
Mass Merchandiser Definition, Concept, Advantages
Definition: Mass merchandiser is a particular retailer or specific retail store, which is known to sell a large number of goods belonging to different categories…
Convenience Store – Definition And Examples
Definition A convenience store can be defined as a retail business designed by keeping the convenience of its customers in the center. Therefore, these stores…
Category Management – Definition, Benefits, Methodologies & Challenges
The retailers around different corners of the world employ various policies to manage the organization and to step forward in the direction of high profit…
What is Planogramming? 6 Types of Planograms
Retailers continuously look for ideas to make their store look presentable to attract more customers. The presentation of products in the store is as important…
Discount Store – Definition, Features, Advantages, Disadvantages
What is a discount store? Retailers adopt different methods to attract customers. Because of this reason, different formats of retail stores were introduced, such as…
Shelf Talkers – Definition, Objectives, Tips, Advantages
Retail stores have changed dramatically in the past few decades. Earlier, one retail store was dedicated to the sale of one type of product. But…
Visual Merchandising – Definition, Elements, Objectives
Retailers use different strategies and methods to attract customers and to boost their sales. Visual merchandising is one of those methods that are used by…
What is Triple Net Lease? Meaning, Examples, Characteristics and Risk
Triple Net Lease or NNN lease is a lease where it is the tenant instead of the landlord who pays maintenance, insurance as well as…
How to Buy Into a Franchise -A Complete 14 steps Guide
Franchise is a popular model with a proven track record and fewer chances of failure. Hence, to want to buy into a franchise is preferred…
Retail Marketing: What it is, Main Principles, and the Importance
The retail marketing is defined as that form of the marketing functions in which a product is brought directly to the customers in the retail…
Top 10 Tips on Starting a Franchise Business | Marketing91
It is a proven fact that the growth rate of the franchise business is exceeding non-franchise business any time in recent years. An important reason…
Top 5 Retail Trends for 2019 -Predictions that You must Know
Retail is an industry which has been changing dramatically in the past few decades, and because of its fast-changing nature, new opportunities and challenges emerged…
Difference Between Organized and Unorganized Retailing
The term retail stands for selling goods from a particular location. In the process of retailing, the job of a retailer is to play the…
Retail Marketing Mix and the 7 P’s of the Retail Mix
Retail marketing mix refers to the variables that a retailer can use in variable methods to arrive at an effective marketing strategy to attract his…
How to Start a Retail Busines? (Complete detailed steps)
You can turn your dream of retail business into reality if you take the right steps in the right direction. You are essentially required to…
Merchandise Planning: Components, Importance, and Process
Merchandise planning refers to an approach based on data to select, buy, present, and sell merchandise to consumers so that the maximum rate of investment…
What is Retailing? Unique Ideas of Retail Businesses
Retailing is a process of distributing goods where the seller buys products from the manufacturing firms or manufacture the goods themselves and sells goods to…
Retail Store Location: Importance, Types, & Tips to have a Good Location
Having a good location for retail is one of the crucial impacts in the case of the marketing strategy of retail because many of the…
Mom And Pop Stores : Examples, Advantages, Disadvantages of Mom And Pop Shops Business
Mom and Pop name is popularly used for private and family-owned businesses. These stores are run by a family or a small number of employees….
Merchandising: Types, Advantages, and Disadvantages of Merchandising
Merchandising is any practice that helps a retailer to sell his merchandise to his customers. In a retail store, the meaning of merchandising is the…
Ethics in Retail: Importance and Ethical Practice towards consumers
Ethics in business have become an essential topic of discussion. In retailing, retailers want to earn maximum profit by providing satisfaction to their customers with…
The List of 13 Retail Promotions to Attract Customers
It is easy to conceive a dream to have your own business. You can’t sit and wait for customers to walk in your store after…
Complete History of Retail Industry and the Future of Retail Industry
Early History of Retail Industry The history of retail spans a long timeline. There are archaeological shreds of evidence for water systems and trade which…
What is Retail Strategy? Different Retail Strategies to Boost Sales
A detailed marketing plan related to the of the business, its targets and ways and methods to achieve it, in relation to retail is known…
The 7 Important Steps Retail Planning Process you Should know
In this article, you will learn about the steps involves in the retail planning process. In the retail planning process, a retailer decides about the…
15 Simple Steps to Start your Own Retail Business
Having your own business is the dream of many who are stuck in a 9-5 job. People have many great ideas for retail business, but…
Top 5 Trends in the Retail Industry in 2019 that you Should know
The retail industry has evolved significantly in the past few decades; rather, it is continuously changing. The transformation may be customer-centric or business-centric, but one…
Electronic Data Interchange: Advantages & Difficulties in implementing EDI
The meaning of electronic data interchange is the exchange of information related to business with the help of a standardized format. That means the information…
Retail Space Management
Have you ever wondered how retailers manage to organize thousands of products in a small store so efficiently? That hundreds of customers can shop at…
Radio Frequency Identification in Retail and the Technology Benefits
Retailers always try to find out the techniques and implement in their stores to make their businesses work more efficiently, get an edge over their…
Retail Assortment Planning: Factors Affecting and the Importance
The business of retail comes with a lot of things to manage. Right from being present at the right location and cater the right customers…
