Important categories under which the retail stores can be broadly classified are as follows: Retail stores can be broadly classified into two categories, i. The classification is t explained as follows:
Medicines Speciality Stores As the name suggests, Speciality store would specialize in a particular product and would not sell anything else apart from the specific range.
Speciality stores sell only selective items of one particular brand to the consumers and primarily focus on high customer satisfaction. Example -You will find only Reebok merchandise at Reebok store and nothing else, thus making it a speciality store. You can never find Adidas shoes at a Reebok outlet.
Malls Many retail stores operating at one place form a mall.
A mall would consist of several retail outlets each selling their own merchandise but at a common platform. E Tailers Now a days the customers have the option of shopping while sitting at their homes. They can place their order through internet, pay with the help of debit or credit cards and the products are delivered at their homes only.
However, there are chances that the products ordered might not reach in the same condition as they were ordered. This kind of shopping is convenient for those who have a hectic schedule and are reluctant to go to retail outlets.
In this kind of shopping; the transportation charges are borne by the consumer itself. Example - 99 Store would offer all its merchandise at Rs 99 only.
No further bargaining is entertained. However the quality of the product is always in doubt at the discount stores.It is a retail format in which offerings are communicated to the customers through a catalogue, letters or brouchers. Such retailing is suitable for specialty products.
The buyer places an order for the desired products with the merchant through a telephone call or website. Define retail.
retail synonyms, retail pronunciation, retail translation, English dictionary definition of retail. n. The sale of goods or commodities in small quantities directly to consumers. adj. TYPES OF RETAIL FORMATS IN INDIA. Malls are the largest retail format in India. Malls are the largest retail format in India.
These are the largest retail format in India.
Malls provide everything that a person wants to buy under one roof. From clothes and accessories to food or cinemas, malls provide all of this, and more. Examples include.
The German Food discounter is the characteristic retail format in the food retail sector of the last 25 years. Giga-fren Euromonitor reports data for six retail formats: hypermarkets, supermarkets, convenience stores, independent grocers, specialists and other grocery retailers.
Definition of retail for English Language Learners: to sell (something) to customers for their own use: to be sold to the final customer for a specified price.
PAYMENT FOR COVERED OUTPATIENT DRUGS.
Sec. [42 U.S.C. r–8] Requirement for Rebate Agreement.—In general.— In order for payment to be available under section (a) or under part B of title XVIII for covered outpatient drugs of a manufacturer, the manufacturer must have entered into and have in effect a rebate agreement described in subsection (b) with the Secretary, on behalf.