14 Different “Store-Based” Retail Stores in India
i. Mom-and-Pop Stores: Mom & Pop stores are stand-alone stores owned and managed by individuals and their families. They typically carry fewer goods (lesser variety), do not adhere to any uniform display format and goods are supposedly priced higher. It is interesting to note however that some of the biggest names in organized retail like Wal-Mart or Tesco started their journey as a single (mom & pop) store!These stores generally cater to small sections of society and located near to the residences of Mom-and-pop store of consumer. Indian Kiranas, a form of mom-and-pop stores will continue to survive because they have one of four attributes of a successful retailer – either to be the cheapest, the biggest, the best, or the nearest. There are over 12 million mom-and-pop stores in…