Understanding Retail - Simple Introduction to Explore Retail World

Everyday each one of us deals with one retailer at least, Buying stuff from supermarket or getting a cup of coffee from Starbucks befor...

Everyday each one of us deals with one retailer at least, Buying stuff from supermarket or getting a cup of coffee from Starbucks before going to work, and so on, You can notice that we have a daily contact with the retail industry to get our needs fulfilled.

Retail at glance

Retail is the process of selling consumer goods (Merchandise) to customers which can be done using different selling channels i.e. Store, Online Website, Mobile App.

So the main important factor to consider any selling transaction as a retail transaction is that the purchaser (Consumer) buys the item/service for his/her consumption purpose and not for the resale.

And however the way the consumer got that item, from a brick-and-mortar retail shop or online, all considered as a retailing transactions.

  • [message]
    • ##info-circle## Retail Terminology
      • Brick-And-Mortar = A traditional physical retail shop that offers its products and services Face-To-Face to its customers.
Retail Position at the Supply Chain 

Unlike Wholesale, Retail provide products and services to a wide range of numbers of customers but in small quantities per each customer, in the wholesale and distribution products flow the number of customers is limited compared with retail but the selling quantities per customer are much bigger than retail.

Speaking about Retail and Wholesale, you can see and consider the Retail business process at the end of the supply chain which starts with the required raw materials producers passing by the manufacturer and all required processes to introduce the final product (Finished Product) and distribute this product to different channels, one of them is the retail channel where the retailer buy this product (Merchandise) in order to sell it again to end customer ( Consumer - who will actually consume this product/service ) 

Retail History

@neonbrand - Sprouts Farmers Market, Henderson, United States

Merchandise Term

Actually you can note that ‘Merchandise’ term is mentioned only when talking about Retail Industry, and this term refers to any products or goods that procured just only for one purpose which is selling it again for the consumer. 

Merchandise = goods to be bought and sold.
Merchant = Retailer
  • [message]
    • ##info-circle## Retail Terminology
      • Merchandise = Products/Goods to be be bought and sold.

Retailer Types

Retail Flavors ( Industries )

How Retailers make Profits - Retail Business Model

Online Retail Business Model

Why Retail is so important?

The Future of Retail

You need to know more about Retail, Check below links



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Retail Basics,1,
Arab Retailers: Understanding Retail - Simple Introduction to Explore Retail World
Understanding Retail - Simple Introduction to Explore Retail World
Arab Retailers
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