New Trends in Retail

Today, retailing business is not the same as in the past. Retail business is undergoing rapid transformation in its marketing practices. In the 80’s and 90’s we bought most items of daily use from local small shops or a market in our neighbourhood. Individuals who usually sit in the shop themselves and sell their goods with the help of a few assistants, owned these shops.

In the past 25 years, however, the concept of large departmental stores and malls has been introduced. We saw the rise of supermarkets, departmental stores, hypermarkets, shopping malls and convenient stores.

Today, non-store retailing units such as multi-level marketing, and online retailing are the fastest growing retail industry. With changing needs and wants of consumer the growth in retail sector is inevitable and promising fast paced and exciting career options.

Click here to view a video that explains the five technologies that will change the way you shop.