Friday, 30 June 2017

    1. Retail Store Formats by Location

    a) Chain store:


    Multi-locational
    Operates multiple outlets under common ownership
    Engages in some level of centralized or coordinated purchasing and decision making


    b) High street format retail stores:


    A retail chain that seeks to locate itself in busy shopping areas (generally less than 2,000 sqft, with no parking facilities and focused merchandise categories)


    c) Destination format retail stores:


    Independent retail stores located specifically in an area with alluring propositions (usually large in size, with ample concessions, huge parking space, wide merchandise categories)


    d) Convenience format retail stores:


    Accessible carrying wide array of consumable goods (less than 5,000 sqft, extended hours, parking for few vehicles, convenience merchandise)
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