Retail Formats

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When we are talking about retail formats at that time actually we are talking how our retail industry is presented, designed or arranged. All of us listen many retail formats in our career but reality is far away from that. There are mainly three types of retail formats & all other retail formats are just subcategories of all three retail formats.
Now, it's time to take a look of basic three types of retail formats :
1) Store Based::-  Store based format of retail refers to that format in which "brick & mortgage" concept of retail is used. This format is widely used by organizations. In store based format, there are many types of sub- categories of retail formats. These sub-categories are named and divided on different parameters.
2) Non-store Retail Format::- Non-store retail format is very famous nowadays. Non-store format used by retailers in order to make a direct contact to consumer. In this format, retailers use direct selling, internet selling to their consumer. Sometimes, it also known as online retail. Nowadays, many of retailers who are in store format also used Non-store format to expand their business.
3) Service Based format::- Service based is also a important format in today's term. The retailers who provide different types of service to their consumers like banking, rental and telecommunication service. Service based retailers always focuses on their quality of service given to consumer. As per their quality of service they are known in market.

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