Distinguish between store vs. non-store retailing with suitable examples. Explain catalog retailing and the various guidelines that a retailer should follow for its implementation.
Store vs. Non-store Retailing:
Retailing is a dynamic sector that encompasses various methods of selling products to consumers. One fundamental distinction in retailing is between store and non-store retailing.
1. Store Retailing:
Store retailing involves the sale of products through physical brick-and-mortar establishments where customers can visit and make purchases. These establishments can vary widely in size and format, including department stores, supermarkets, convenience stores, and specialty shops. The primary characteristic of store retailing is the tangible presence of a physical location for customers to explore, touch, and experience the products before making a purchase.
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