Retail marketing strategy Essay Example | Topics and Well Written Essays - 2000 words

Retail marketing strategy - Essay ExampleThe entrepreneurs behind these ventures risk their capital, sit down their time and make a living by offering consumers something they need or want. Most sell involves buying merchandise or a service from a manufacturer, wholesaler, agent, importer or other retailer and interchange it to consumers for their personal use. The price charged for the goods or services covers the retailers expenses and includes a profit. Each year, this vital sector of the UK frugality accounts for about 08 percent of our gross national product--more than $1 billion.. Most ar store retailers, though in that respect are other types of enterprises--such as e-commerce, mail order, automatic-merchandising (vending) machines, direct retailing (door-to-door and home party sales), and service providers. on that point are a considerable number of commentaries on the changing food retailing sector in UK. The sector is seen as being at the fore front of change and the leading food retailers are amongst the largest companies. Growing concentration in the economy has been associated with the increasing power of multiple retailers and a decline in the strength of the co-operatives and independents. The rise of the multiple retailers particularly through economies of scale and replication has produced a situation where save a handful of companies dominate food retailing. Currently the leading food retailers are Sainsbury and Tesco with Safeway in trio place.