Retail Formats - Store Based Retailing and Non Store Based retailing | Types of Retailers

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Retail Format refers to a marketplace or a location where goods and services are exchanged.

Retail Format can directly influence the store choice of a consumer and address his expectations.

Store-Based Retailing

Store-Based Retailing refers to a physical place where retailing activities or sale of goods and services are carried out directly

Store-Based Retailing [Form of Ownership]

Independent Retailer

Independent Retailer refers to the individual who is solely responsible for his business. Independent stores operate as a single retail unit or as a small chain with a maximum of three locations.

Chain Retailer

Chain Retailer operates and manages two or more physical stores and has dominant bargaining power with the supplier

Example - Metro

Franchise Store

Franchise Store refers to opening a single store based on trademark, branding, name and products of an existing business

Example – McDonald’s

Convenience Store

Convenience Store refers to a small business that sells a wide range of daily-use items

Example – Stores at gas stations

Supermarkets

Supermarkets refer to large stores that operate on low margin and large volume

Example -ALDI

Department Store

Department Stores offer general merchandise of mid to high-quality product line.

Example – Marks & Spencer

Hypermarkets

Hypermarkets refer to self-service store that is a combination of both grocery supermarket and department store.

Example - Walmart

Specialty Store

Specialty Store refers to the stores that focus on a specific category or brand

Example – The Home Depot

Factory Outlets

Factory Outlets refer to the stores that sell products at a lower rate than the retail prices

Non-Store-Based Retailing

Non-Store-Based Retailing refers to the sale of goods or services to the end-customer that does not occur through a physical outlet.

Direct Selling

In Direct Selling the retailer’s representatives makes personal contact to sell goods directly.

Example - Tupperware

Television Shopping

In Television Shopping, product information is given on specific channels from where customers can purchase with help of mobile devices

Example - HSN

Automated Vending Kiosks

In Automated Vending Kiosks products are pre-stored and customers can easily purchase by depositing the required amount

Example – Gold ATM in Dubai

E-Tailing[Click and Mortar Model]

In E-Tailing, customers can purchase desired goods with help of the internet

Example – JD.com

This video is on Retail Formats and Different Types of Retailers and it has the following sub-topics.

Time Stamps

0:00 What are Retail Formats?
00:31 StoreBased Retailing
01:06 StoreBased Retailing [ Form of Ownership]
01:11 Independent Retailer
01:41 Chain Retailer
02:00 Franchise Store
02:52 Convenience Store
03:17 Supermarkets
03:41 Department Store
04:04 Hypermarkets
04:26 Speciality Store
04:52 Factory Outlets
05:10 NonStore-Based Retailing
05:18 Direct Selling
05:42 Television Shopping
06:00 Automated Vending Kiosks
06:22 Etailing [Click and Mortar Model]