What is trade density?
Trading density is the ratio between overall sales and the size of the mall over a period of one month.
How is retail density calculated?
Sales density is a ratio computed dividing the total retail sales over a year by the total surface of all the stores owned by the retailer (potential wholesale/franchising sales are usually not included).
What is considered a retail trade?
Retail businesses sell finished goods to consumers in exchange for money. Retail businesses can include grocery, drug, department and convenient stores. Service related businesses such as beauty salons and rental places are also considered retail businesses.
Is retail trade the same as retail sales?
Usually, retail refers to retail outlets, where customers shop. With the Internet boom, many retail stores also sell products on their Web sites. Retail trade is conducted in grocery, department, specialty, and apparel stores, among other venues.
What is retail agglomeration?
Retail agglomeration can be defined analogous to this definition as a group of retail stores in close proximity, which cooperate and compete with each other simultaneously. Retail agglomeration in high streets and shopping malls has been found useful to both consumers as well as firms.
What is retail trade example?
Retail trade encompasses the department store, bookstore, and grocery store you stopped at, along with many others who sell new or used goods to the public for personal or household use. That could include new and used clothing from specialty or consignment stores and even food and beverages from the grocer.
What is retail trade and wholesale trade?
Wholesale trade is concerned with buying goods from manufacturers or dealers or producers in large quantities and selling them in smaller quantities to others who may be retailers or even consumers. Retail trade is concerned with the sale of goods in small quantities to consumers.
What’s the difference between trading and retail?
The main difference between Retail and Trade is that the Retail is a sale of goods and services from individuals or businesses to the end-user and Trade is a Exchange of goods and services.
What is store clustering in retail?
Store Clustering is the grouping of stores based on common store and demographic characteristics. Store Clustering is very important as retail chains begin to consider customer-centric merchandising and tailor their assortments based on localized customer need.
Why do retail stores cluster together?
When competing firms are located close together it is called clustering. Here’s the theory in a nutshell: businesses want to locate themselves near the center of their potential customer population to attract the greatest amount of customers.
What are the three types of retail trade?
Among the different types of retail trade operations are the following:
- Itinerant and fixed shops.
- Department stores.
- Chain stores.
- Mail-order houses.
- Teleshopping.
- Franchises.
- Consumer cooperative stores.
- Hypermarkets.
What is retail trade short answer?
Retail trade is the business activity associated with the sale of goods to the final consumer, the ultimate customer. It is the link between wholesalers or manufacturers and the customers of the product. Typically retailers sell goods in small quantities to consumers for personal use, not for resale or business use.