Retail
From The Art and Popular Culture Encyclopedia
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Retail involves the process of selling consumer goods or services to customers through multiple channels of distribution to earn a profit. Demand is identified and then satisfied through a supply chain. Attempts are made to increase demand through advertising. In the 2000s, an increasing amount of retailing began occurring online using electronic payment and delivery via a courier or via postal mail. Retailing as a sector includes subordinated services, such as delivery. The term "retailer" is also applied where a service provider services the small orders of a large number of individuals, rather than large orders of a small number of wholesale, corporate or government clientele. Shops may be on residential streets, streets with few or no houses, or in a shopping mall. Shopping streets may restrict traffic to pedestrians only. Sometimes a shopping street has a partial or full roof to create a more comfortable shopping environment - protecting customers from various types of weather conditions such as extreme temperatures, winds or precipitation. Forms of non-shop retailing include online retailing (a type of electronic commerce used for business-to-consumer (B2C) transactions) and mail order.
Shopping generally refers to the act of buying products. Sometimes this is done to obtain final goods, including necessities such as food and clothing; sometimes it takes place as a recreational activity. Recreational shopping often involves window shopping (just looking, not buying) and browsing: it does not always result in a purchase.
See also
- Final goods
- List of department stores by country
- Point of sales
- Retail concentration
- Retail design
- Retail software
- Shopping mall
- Specialist store
- Stand-alone store
- Store manager
- Visual merchandising
- Wardrobing
Types of store or shop:
- Anchor store
- Big-box store
- Chain store
- Confectionery store
- Convenience store
- Department store
- Discount store
- General store
- Grocery store
- Hardware store
- Health food store
- Hobby store
- Hypermarket
- Liquor store
- Newsagent
- Online shopping
- Outlet store
- Pet store
- Pop-up retail
- Specialty store
- State store
- Store-within-a-store
- Supermarket
- Surplus store
- Survival store
- Toy store
- Variety store
- Warehouse club
- Warehouse store