Retail means the selling process of the consumer goods and services to the end user customers. In complete contrast to the wholesale sector retail companies are more focused into customizing their services and the sales process as well as focus for addressing the most varying needs and idiosyncrasies in customer's buying mentality and attitude. Naturally this demand of customization of the sales process requires more innovation than other modes and communications of sales. The retail sector along with its capacity for addressing varying customer behaviors and needs and consequent innovative practices is mostly viewed in retail stores and more importantly in departmental stores or retail chain stores. Our discussion regarding the most innovative retail companies in the world is mainly centered on this category of retail stores. Here we would introduce some of the most innovative retail companies in the world.
To evaluate the retail sector from any perspective the name of this giant in retail is simply inevitable in regard to innovation, customer base, worldwide presence and profitability. This store first introduced the video conferencing facility for conducting live meeting with the staffs and management of various stores. Undoubtedly Wal-Mart leads among the most innovative retail companies in the world.
Cash and Carry
Until the investment model launched by this retail giant the optimizing process of investment return by signing predestined contract for the sales of the purchased property was not known. This unique concept is enough to provide the basis on which this company is considered to be one of the most innovative retail companies in the world.
Supermarket is arguably the largest retail store in the world in the food and grocery segment and this retail giant is well known for its innovative and unparalleled visual merchandising that set it apart from other big retail brands in the same segment. Its stunningly innovative visual merchandising made it to be one of the most innovative retail companies in the world.
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