Different Retail Formats in India | Formats of Retail

The word retail is derived from French words “re” and “tailer” whose meaning is to “cut again”. retail store works exactly as their name describes. Goods are sold in small pieces to make a profit. Retailing involves various activities to sell to end consumers for their non-business and personal use.

The meaning of retailing is to sell goods from a fixed location such as from kiosk, departmental store, or by post. Goods are sold to consumers in small portions so that consumers can consume them.

This video briefly describes the different formats of retail in India. Retail is the selling of a product or service to an individual consumer for his or her own use, rather than for reselling.

In simple words, retail is breaking the bulk.

#retail
#retailmanagement
#retailformats