Distinguish between modern retail formats from traditional retail formats with suitable examples.

Modern retail formats and traditional retail formats differ in several key aspects, including their structure, operations, and customer experience. These differences can be clearly understood through examples and characteristics of both systems.

Traditional retail formats are the classic methods of selling goods directly to consumers. These formats have been in existence for centuries and are largely based on personal interaction between the seller and the buyer. The most common traditional retail formats include *kirana* stores, street vendors, and local markets. These stores are often small, family-owned businesses that offer a limited range of products. The main characteristic of traditional ________ ____ ____ _______ ________ __________ _________ ___ ________ ___ _________.
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