Quick Answer : The term “retail store” usually applies to a brick-and-mortar or brick-and-mortar location, such as a supermarket, boutique, or double offline individual store.
E-commerce stores, on the other hand, are online platforms where customers can purchase products using credit cards and other digital payment methods and have them shipped to their home or a pickup location.
Both retail and e-commerce stores have their own distinctive advantages and disadvantages for any entrepreneur to consider. Today, we’re going to take a closer look at the two sales methodologies to help you decide which is the best strategy for your brand.
What is Retail?
To understand the difference between retail and e-commerce, we need to take a closer look at both concepts. Let’s start with perhaps the Kazakhstan Mobile Number List most traditional form of sales: retail . The term “retail” refers to the sale of goods and services to consumers. In other words, retailers sell products to ordinary people rather than wholesale or institutional buyers.
Various forms of “retail” have emerged over the years, from online retail (e-commerce) to mobile and app retail. However, when most people today talk about retail sales, they are often referring to transactions that take place in brick and mortar or brick-and-mortar stores.
What is e-commerce?
Retailers in the offline world can range from indoor market stalls and pop-up shops to family shops, grocery stores and even shopping malls and chains. Retailers rely on a business model that uses a supply chain full of manufacturers, shipping and logistics experts and other professional groups. Most retailers act as the final link in the chain that takes products from a creator to a customer.
Retail sales usually begin with a manufacturer or CL Lists designer producing a product, which is then shipped to a wholesaler or directly to the retail company. The retailer then sells the finished product to the end consumer for a profit.