Canada • France • Germany • Italy • Romania • Spain • Switzerland • UK • USA


In retail, innovation is the name of the game!

A prospective retail establishment must overcome multiple regulatory barriers. 

retail industry

Retail Industry

Retail is the process of selling consumer goods and/or services to customers through multiple channels of distribution to earn a profit. Demand is created through diverse target markets and promotional tactics, satisfying consumers' wants and needs through a lean supply chain.

To achieve and maintain a foothold in an existing market, a prospective retail establishment must overcome the following hurdles:

Regulatory Barriers:

  • Restrictions on real estate purchases, especially as imposed by local governments and against "big-box" chain retailers;
  • Restrictions on foreign investment in retailers, in terms of both absolute amount of financing provided and percentage share of voting stock (e.g., common stock) purchased;
  • Unfavorable taxation structures, especially those designed to penalize or keep out "big box" retailers; Absence of developed supply chain and integrated IT management;
  • High competitiveness among existing market participants and resulting low-profit margins, caused in part by:
  • Constant advances in product design resulting in constant threat of product obsolescence and price declines for existing inventory; and
  • Lack of properly educated and/or the trained workforce, often including management, caused in part by the loss of Business.
  • Lack of educational infrastructure enabling prospective market entrants to respond to the above challenges.

Types of Products:

  • Food products — typically require cold storage facilities. 
  • Hard goods or durable goods — ("Hardline retailers") — automobiles, appliances, electronics, furniture, sporting goods, lumber, etc., and parts for them. Goods that do not quickly wear out and provide utility over time.
  • Soft goods or consumables — clothing, other fabrics, footwear, cosmetics, medicines, and stationery. Goods that are consumed after one use or have a limited period (typically under three years) in which you may use them.
  • Arts — Contemporary art galleries, Bookstores, Handicrafts, Musical instruments, Gift shops, and supplies for them.

Types of Retailers by Marketing Strategy:

Department Store

Discount Store

Warehouse Store

Variety Store



Specialty Store


General Store

Convenience Store






Vending Machine

Other Types of Retail Stores:

Automated Retail Stores 

Big-Box Stores 

Retailers can opt for a format as each provides a different retail mix to its customers based on their customer demographics, lifestyle, and purchase behavior. A good format will lend a hand to display products well and entice the target customers to spawn sales.