The retail industry is highly competitive because there are countless companies offering the same products and services. This is because the nature of goods sold are mostly … See more

Although most retailers offer their products and services from a physical store, more and more are selling goods online. Consumers often prefer the convenience this offers, … See more

Incorporating Technology
The first potential pitfall that your company may face is not being able to innovate fast enough, where you risk losing customers because yo… See more

In summary, the retail business model is one where you sell your product or service—either traditionally or online—directly to customers. You can make mon… See more