Ideas for retail business

Ideas  for retail business

Retail stores are the most common type of stores we see and visit in our day to day lives. If you are planning on starting a retail store here are some of the types of retail stores that you can decide on.

Ideas for retail business

  1. Departmental stores

Departmental stores are mainly stores that have several different types of products under one roof. The buyers can expect everything they need in one store. The merchandise of departmental stores are:

  • Electronic appliances
  • Apparels
  • Jewelry
  • Toiletries
  • Cosmetics
  • Sportswear
  • Footwear
  • Toys
  • Books
  • CDs and DVDs
  1. Supermarkets

This kind of stores mostly sells food items and toiletries. It has all kinds of eatables from breads to chocolates, vegetables and much more. We can also find fair share of toiletries like shampoos, sanitary napkins, etc. The merchandise that we can usually expect in  supermarkets are:

  • Bakery products
  • Meat, fish
  • Cereals
  • Medicines
  • Vegetables and fruits
  • Canned food
  • Frozen food
  • Cereals
  • Soft drinks
  • Soaps
  • Toothpaste, etc
  1. Discount stores

These stores provide limited amount and quality for end users. They sell the same products like supermarkets or departmental stores but at cheaper rates. They have discounted price on every product but the amount of the products are limited and you cannot entirely expect a first class quality from the products.

  1. Kirana stores

These are the small stores that are run by individuals or a family. They are almost like small supermarkets but are less organized and have limited products and might not include very expensive products. These stores are also known as Mom and Pop. Their merchandise include:

  • Eggs
  • Bread
  • Stationary
  • Cigarettes
  • Cereals
  • Pulses
  • Selected vegetables
  • Spicies, etc
  1. Speciality stores

These stores as per its name sells only one particular type of thing or brand in it. For example Adidas, Reebok, etc which sells only things from the brand or sometimes only shoes and no other merchandise of the brand.

  1. Malls

A mall has many retails outlets inside it. It act as one big platform for many retail outlets that almost have all types of retail outlets in it.

  1. E tailers/ online stores

These type of stores are expanding in a high rate with people having a faster lifestyle and with very little time to spare. The online stores provide more easy access and even discounts, it saves times and easy buying hence the people are opting more for E tailer stores.

Its merchandise include almost everything from cosmetics to clothes and toiletries, accessories, electronics, utensils, etc.

Ideas  for retail business

I’m a tax expert with over 10 years of professional experience. I’ve gained practical insights on GST and other Taxes during my tenture as a Tax expert and GST Trainer in Reach Accountant.

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