Retail Market

"Retail" and "Retail stores" redirect here. For the comic strip by Norm Feuti, see Retail (comic strip).

Drawing of a self-service store.

Retailing consists of the sale of goods or merchandise from a fixed location, such as a department

store, boutique or kiosk, or by mail, in small or individual lots for direct consumption by the purchaser.
[1]
 Retailing may include subordinated services, such as delivery. Purchasers may be individuals or
businesses. In commerce, a "retailer" buys goods or products in large quantities
from manufacturers or importers, either directly or through awholesaler, and then sells smaller
quantities to the end-user. Retail establishments are often called shops or stores. Retailers are at the
end of thesupply chain. Manufacturing marketers see the process of retailing as a necessary part of
their overall distribution strategy. The term "retailer" is also applied where a service provider services
the needs of a large number of individuals, such as a public utility, like electric power.

Shops may be on residential streets, shopping streets with few or no houses or in a shopping mall.
Shopping streets may be for pedestrians only. Sometimes a shopping street has a partial or full roof to
protect customers from precipitation. Online retailing, a type of electronic commerce used
forbusiness-to-consumer (B2C) transactions and mail order, are forms of non-shop retailing.

Shopping generally refers to the act of buying products. Sometimes this is done to obtain necessities
such as food and clothing; sometimes it is done as a recreational activity. Recreational shopping often
involves window shopping (just looking, not buying) and browsing and does not always result in a
purchase.
Types of retail outlets

San Juan de Dios Market in Guadalajara, Jalisco

Inside a supermarket in Russia

A marketplace is a location where goods and services are exchanged. The traditional market
square is a city square where traders set up stalls and buyers browse the merchandise. This kind of
market is very old, and countless such markets are still in operation around the whole world.

In some parts of the world, the retail business is still dominated by small family-run stores, but this
market is increasingly being taken over by large retail chains.

Retail is usually classified by type of products as follows:

 Food products
 Soft goods - clothing, apparel, and other fabrics.
 Hard goods ("hardline retailers") - appliances, electronics, furniture, sporting goods, etc.

There are the following types of retailers by marketing strategy:

 Supermarkets - sell mostly food products;

 Department stores - very large stores offering a huge assortment of "soft" and "hard goods";
 Discount stores - tend to offer a wide array of products and services, but they compete mainly
on price;
 General merchandise store - a hybrid between a department store and discount store;
 Warehouse store - low-cost, often high-quantity goods piled on pallets or steel
shelves; warehouse clubs charge a membership fee;
 Variety store or "dollar store" - extremely low-cost goods, with limited selection;
 Demographic - retailers that aim at one particular segment (e.g., high-end retailers focusing
on wealthy individuals).

Some stores take a no frills approach, while others are "mid-range" or "high end", depending on what
income level they target.
Other types of retail store include:

 General store - a store which sells most goods needed, typically in a rural area;
 Convenience store - a small store often with extended hours, stocking everyday or roadside
items;
 Big-box stores encompass larger department, discount, general merchandise, and warehouse
stores.

A food vendor in India

Sunshine Bakery & Ingredients Supply food and beverage

ingredients store in Malaysia
Retail pricing
The pricing technique used by most retailers is cost-plus pricing. This involves adding
a markup amount (or percentage) to the retailer's cost. Another common technique is suggested retail
pricing. This simply involves charging the amount suggested by the manufacturer and usually printed
on theproduct by the manufacturer.

In Western countries, retail prices are often called psychological prices or odd prices. Often prices

are fixed and displayed on signs or labels. Alternatively, when prices are not clearly displayed, there
can be price discrimination, where the sale price is dependent upon who the customer is. For
example, a customer may have to pay more if the seller determines that he or she is willing and/or
able to. Another example would be the practice of discounting for youths or students.

INORBIT MALL
History of mall

Inorbit Malls, a subsidiary of the K. Raheja Corporation, was set up with an objective to not just create physical
structures but also to influence lifestyles. Committed to setting benchmarks in retailing in India, Inorbit Malls
provides an excellent walk through experience for customers.

Inorbit Mall, Malad first opened its doors to the public in early 2004, in Mumbai. The mall has a universal class
and appeal and seeks to provide a one-stop destination for fashion, lifestyle, food, and entertainment leading to
an international experience for families.
 
 
 
Inorbit Malls  launched their Vashi property in October 2008 and in Cyberabad in Oct 2009. With a total retail
area of 5.5 lakh sq.ft, Inorbit Mall, Vashi is a systematically planned and immaculately designed mall catering to
the entertainment, leisure and shopping needs of their customers. Inorbit, Cyberabad, today is 70% trading & all
set to become a benchmark for modern retail in the city of the nawabs. 
The company aims at achieving excellence in the customer’s retail experience. With this aim, Inorbit has planned
an immediate expansion with Pune, Bangalore and Vadodara

K.raheja Corp

K.  Raheja Corp. is a success story spanned across decades and continues to achieve higher targets relentlessly
for quality performance and service in diverse fields of real realty business, hospitality sector and retailing outfits.
The group has made an impact on the supply side of the modern day living. A style that has been the dream of
new class of consumers, a style encompassing the whole range of consumption pattern of the young and the
upcoming consumers that has become synonym with the brand K. Raheja Corp. 
The higher standards set by the group in its pursuit to position India on par with the developed economies of the
world and with a vision to be and remain at the commanding height of Real Estate Business.
K Raheja Corp pioneered organized retail with their first retail venture in 1991 with Shoppers Stop. Today, they
have a number of successful brands across the spectrum of retail formats in India.
Ventures like Crossword & Hyper City have set new bench marks on the basis of information and adaptation of
worldwide changes, innovations and new techniques in retailing practices.

Vision & Mission

To achieve and retain market leadership in our industry

 
To Create Celebratory Environments for Retail
.
Achievments

ICICI KSA-Technopak Images Retail Awards

 
 

India Retail Submit Pinnacle Award (ZEE Business)

 
 

ICFAI Business School Images Retail Awards

 
 

Franchise India Holdings Limited Bharatiya Vidyapeeth

 
 

CNBC Awaaz Maxi Awards

 
 
 Star Retailer Educational Institute and shopping mall
 
 

India shopping center forum 2008

Maharashtra Societies Welfare association
 
 

Most Admired Shopping Centre

Developer 09

International Council of Shopping Centres

 
 
 

Images Retail Awards

Most Admired Shopping Centre Newly

Opened Year 2009
 
 
 

   
Most Admired Shopping Centre of the Most Admired Shopping Centre of the
Year - Socially Responsible Year 2009 - Marketing and Consumer
Promotions
 
 
 

Best Shopping Centre 2009 - Inorbit Malad  

 Most Memorable Shopping Experience
Award - 9th Indira Marketing
Excellence Award
 
 

Most Admired Shopping Centre Most Admired Shopping Centre of the Year - Marketing and
Developer of the Year Consumer Promotions (Inorbit Malad)

Inorbit Malad
Located in the country's commercial capital, Mumbai, Inorbit, Malad is the finest malls the country has ever seen.
Committed to setting benchmarks in the Indian Retail Industry, its success is attributed to our unique positioning
as a true one-stop lifestyle destination. In its core, lies the understanding that shopping is a multifaceted
experience. 

Conceptualized by the world renowned UK based Chapman Taylor Partners, the mall, of universal class and
appeal, seeks to provide a one-stop destination for fashion, lifestyle, food, and entertainment leading to an
international shopping experience for families. We also have to our credit 15 awards, which include ‘Mall of the
Year’ Award for 2 years in a row, 2005 and 2006, 'Best managed Mall at the 2007 CNBC Real Estate Awards
and the coveted International Maxi Award. 

It is no surprise then that Inorbit Malad’s superior design, formidable operations and excellent retail mix has
made it the most sought after destination in the country today.

Services

Inorbit Malad goes one step ahead and thinks beyond what others do, which has resulted into many innovative
services being offered to its customers absolutely free. The Mall takes utmost care in offering trouble free
shopping experiences by providing services such as Wheelchairs, Forex Counter, Baby Changing Unit, Wi-Fi
Service, Car Calling, Free Newspapers, 24 hrs ambulances on site, one of a kind Car Spa, Gift Wrapping
Service, PCO.

Inorbit at your service :

         
         
Ambulance ATM Auto stand Baby Care
In case of any emergency Standard Chartered at At an open parking A private place for mother
entrance 2 & Citi Bank on 2nd & baby. Turn right at main
Floor entrance
                 

         

         
Baby Change Bag Park Car Calling Car Spa
Change baby’s diapers in Turn left at main entrance to Info desk 1, entrance 2, Get your car washed at
ladies toilet & baby care safely park your bags with 3 & Basement Security open parking with
room minimum charges Cabin minimum charges
                 

         

         
Communication Center Cool Cab Cyber Cafe Forex
Local calls, STD, ISD, On call at info desk 1 Turn left at main Service by Thomas Cook
Xerox, Courier entrance near entrance 2
                 

         

         
Gift Wrap Information Kiosk Lost & Found Mechanic
With minimum charges Get all the info you need at At  On call at info desk, main
near entrance 2 interactive kiosk information desk Entrance
                 

         

       
Meeting Point Newspaper Wheel Chair Wi-fi
Wait for your companion Free at entrance 2 Near all the entrances & Turn left at main entrance
at 1st floor Opp. Info desk1 & Food court Basement Security
Cabin
About Inorbit mall

The Journey So Far

Inorbit Mall, a sprawling shopping mall with a retail area of 3.64 lakh sq.ft located in Mumbai, India is considered
to be one of the most premium mall in the country came to life on January 23rd 2004 with Lifestyle being its first
baby. Inorbit is at a prime location between Goregaon and Malad, and the emerging business district of Link
Road. 

The mall takes pride in introducing suburban Mumbai`s first ever hypermarket, “Spencer`s” under its roof. Along
with this landmark offering to the people of Mumbai, it also opened with the largest “Shoppers Stop” offering
varied range of exclusive clothing line from brands like Pepe, Levis, Calvin Klein, FCUK, Zodiac, Louis Phillipe,
Raymods etc. 

Inorbit follows strict and efficient management systems where in all the processes and systems are stream lined
to give best mall working functioning and environments for its customers and employees. This attribute led the
Mall win “Mall Of the Year”, “Shopping Centre Of The Year” awards in 2005 and prestigious "International Maxi
Award " in 2007. (List of Awards won by Inorbit Malad) Inorbit Malad’s consistent drive for excellence in offering
best to its customers, clients & retailers soon became the industry standard.

The Mission

Inorbit Malad takes pride in its mission of creating celebratory environment for retail so that the concept of retail
therapy functions at its best giving the best experiences filled with fun, frolic and amaze to its customers. It
believes in the idea of creating and giving the “WOW” feeling every time a customer walks in the doors of the
Mall. To achieve the concept of “WOW” for its customers, the mall conducts various events through out the year
to continue with celebrations and creating celebratory environment for everyone.

The Vision

Inorbit Malad sets high standards for itself and strives hard to excel, achieve and outperform all of them, which
has transformed into its vision to be, “to achieve and retain market leadership in the retail industry”.

What is in it for who?

Inorbit Malad follows the concept of “The Value Diamond” which comprises and concentrates of its Promoters,
Retailers, Society & Customers which has resulted and enabled the Mall to deliver value consistently.

Diverse & Exciting Retail Partners

The Mall boasts about its famous & internationally acclaimed retailers which caters to its customers as they offer
variety in the field of Departmental Stores like Shoppers Stop, Lifestyle, Hyper marts - Spencer`s, Fashion –
Sheetal, Ritu Kumar, United Colours Of Benetton , Guess, Food & Beverages – Nando`s, Ruby Tuesday, Bread
Talk, Subway, Electronics – Nokia, BOSE, Footwear – Liberty, Regal, Mochi, Charles & Keith and many more
offerings in categories like Beauty & Cosmetics, Books, Gifts, Novelty, Leather Accessories, Entertainment,
Women`s Fashion, Unisex Brands, Sports, outdoor & Travel, Sleepwear & Lingerie, Restaurants & Food Kiosks.
Inorbit is the only fully functional mall offering everything for everyone to achieve its concept of creating
celebratory environment for everyone.