Retail

Retail businesses are and have always been a staple in India. ‘Retail’ refers to purchasing finished products from manufacturers and producers and selling them to interested customers. India is the 4th Largest retail market in the world in retail. The retail sector contributes about 10% to the nation’s Gross Domestic Product (GDP) and 8% to…

The retail business is one of the most lucrative in present times, so it makes sense to want a full-fledged retail store expansion. Once you have unprecedented success at one location, what’s stopping you from opening a branch in another lucrative area? Picture the skyrocketing customer demand your products would strive to fulfill after a…

If you are planning to open up a retail store or expand your brand’s physical presence, you will usually encounter diverse types of customers visiting your retail outlet. We’ve compiled a list of the most common types of retail customers that you may frequently encounter in your retail store. Understanding their shopping behaviors will help…

Today, E-Commerce has become synonymous with technological advancement, and doorstep delivery has become the shopping norm. Yet one persistent question remains: why do we still see crowds in offline retail stores? The answer is multi-faceted. 2021 witnessed 750 million smartphone users, touted to be a billion strong by 2026. Each of those 750 million people…

For a retail business to be successful, it must generate sales. Without proper retail marketing strategies, generating sales is practically impossible. Your retail’s success boils down to how your current and prospective customers perceive and talk about it. Your business’s reach is determined by whether or not it has positive feedback from the targeted market…

Derived from the French words ‘re’ and ‘tailer,’ retail means to “cut again.” In a way, that is precisely what today’s retail means. Goods are sold in limited quantities to make a profit in different formats of retail stores today. It involves many activities that end with the final sale to end customers for personal…

“Retail” has been touted as the hype word for the past decade, but what’s at the core of retail often goes unnoticed. So, what does the future of retail look like? Let’s find out. How did it all start? Unlike wholesaling, where businesses or institutional customers make purchases, sales of goods and services are made…