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Retail Formats & Theories

Retail Formats & Theories

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Published by: api-3716588 on Oct 18, 2008
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03/18/2014

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RETAIL FORMATS & THEORIES
RETAIL FORMATS & THEORIES
EVOLUTION OF RETAIL FORMATS
EVOLUTION OF RETAIL FORMATS
Social Development and Their Impact
Social Development and Their Impact
\ue000
Over the ages development of trading is associated with
Over the ages development of trading is associated with
social development
social development
\ue000
Development of railroad and telegraph affected the
Development of railroad and telegraph affected the
growth of retail trade in the eighteenth century
growth of retail trade in the eighteenth century
\ue000
Orders could be confirmed by telegraph
Orders could be confirmed by telegraph
\ue000
Wholesale business actually developed with the advent
Wholesale business actually developed with the advent
of the traveling salesman
of the traveling salesman
\ue000
Success of the wholesale business led to the emergence
Success of the wholesale business led to the emergence
of the department store
of the department store
\ue000
The first department stores \u201cBon Marche\u201d was set up in
The first department stores \u201cBon Marche\u201d was set up in
1852 in Paris
1852 in Paris
\ue000
Bon Marche revolutionized retail at time by relying on
Bon Marche revolutionized retail at time by relying on
volume rather than on high mark up.
volume rather than on high mark up.
RETAIL FORMATS & THEORIES
RETAIL FORMATS & THEORIES
EVOLUTION OF RETAIL FORMATS
EVOLUTION OF RETAIL FORMATS
Social Development and Their Impact
Social Development and Their Impact
\ue000
Success of Bon Marche led to other department stores
Success of Bon Marche led to other department stores
coming up in Europe and America
coming up in Europe and America
\ue000
The world witnessed the new form of retail when
The world witnessed the new form of retail when
Montgomery Ward launched the first mail order
Montgomery Ward launched the first mail order
catalogue in 1870
catalogue in 1870
\ue000
Most rural dwellers encountered mass merchandising in
Most rural dwellers encountered mass merchandising in
the form of mail order catalogues
the form of mail order catalogues
\ue000
Success of mail order business led to the emergence of
Success of mail order business led to the emergence of
chain stores
chain stores
\ue000
The first chain store was A&P (Atlantic & Pacific)-a
The first chain store was A&P (Atlantic & Pacific)-a
grocery store founded in 1859 by George F Gilman
grocery store founded in 1859 by George F Gilman
\ue000
Another important chain store was F W Woolworth, set
Another important chain store was F W Woolworth, set
up in 1879
up in 1879
RETAIL FORMATS & THEORIES
RETAIL FORMATS & THEORIES
EVOLUTION OF RETAIL FORMATS
EVOLUTION OF RETAIL FORMATS
Industrial Revolution
Industrial Revolution
\ue000
Industrial revolution necessitated dramatic change
Industrial revolution necessitated dramatic change
on the retail front
on the retail front
\ue000
The increase in urbanization meant that customers
The increase in urbanization meant that customers
were clustered in smaller geographic areas
were clustered in smaller geographic areas
\ue000
Firstly this led to the emergence of shops to serve
Firstly this led to the emergence of shops to serve
the needs of the locals
the needs of the locals
\ue000
The middle income customers increased and mass
The middle income customers increased and mass
transportation became a way of life
transportation became a way of life
\ue000
Secondly mass manufacturing made it possible to
Secondly mass manufacturing made it possible to
manufacture goods in very large quantities
manufacture goods in very large quantities

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