Describe the retail environment in the local area.
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- Tue Jun 23 2009
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Have a little read: ... Task 1 Describe the retail environment in the local area. Retailers exist to provide a service to customers with the intention of making a profit. Retailing is one of the most important industries in the UK one that is used by thousands of people every day. It employs around 15% of the workforce with more the 280,000 brick and mortar. The scope of the industry has rapidly expanded, retailers have grown into some of the world's largest companies e.g. Tesco which are operating in Beijing as well as the UK. Retailers can be defined in five ways: Product range Store type Store location Ownership Size Product range Product range can be described into hybrid, department and specialists stores. A specialist store is a shop that caters to one specific retail market. Examples of specialist stores include camera stores, pharmacies, stationers and bookstores. Specialist stores compete with other types of stores such as department stores, general stores, supermarkets and
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