SupermarketsThese are large, low-cost, low-margin, high-volume, self-service operations designed to meet the needs of food, groceries, and other non-food items . This format has been at the forefront of the food revolution and today controls over 30% of the food market in many countries. The most used definition is that of a shop with a sales area between 400 m2 and 2500 m2, where at least 70% of food products and everyday consumer goods are sold. Internationally, the size of these stores ranges from 8,000 to 20,000 square feet. ASDA, Safe Way, Kroger and Tesco are some of the big international players. While there is no standardization on the parameters of what makes a supermarket in India, it is one of the fastest growing business formats in the country. Examples of supermarkets in the Indian market scenario are Nilgiris, Foodworld, Subhiksha, food Bazaar and Vitan. Variations of this business model including the hypermarket and the combined store have also emerged over the years. A hypermarket is larger than a conventional supermarket with at least 25,000 items and a larger number of non-food items such as general merchandise items and health and beauty items (GM/HBC); while a combination store is a full-line hypermarket and pharmacy where GM/HBC products account for at least 15% of sales. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay Hypermarket The word hypermarket comes from the French word hypermarche, which is a portmanteau of supermarket and department store. This retail format has evolved since it was invented by the retailer Carrefour in Sainte Genevieve de Bois near Paris, in the year 1963. A retail store with a sales area of ​​more than 2500 m2, with at least 35% of the sales space dedicated to non-food products produced, is defined as a hypermarket. The stores occupy an area ranging from 80,000 to 220,000 square feet. and offer a variety of food and non-food products such as clothing, jewelry, hardware, sports equipment, bicycles, motor accessories, books, CDs/DVDs, TV videos, etc. Hypermarkets are now synonymous with a one-stop shop. The cheapest prices will normally be found in these stores. Around the world, global hypermarkets are usually part of Retail Park along with other shops, cafes and restaurants. They almost always have their own petrol station on site, other facilities on site include banks with ATMs, photo processing shops and pharmacies. A key differentiator between hypermarket and other retail formats is that they are typically destination locations. Hypermarkets are designed to attract customers from a very large area with their offers at low prices, a unique assortment and offers. Major retailers operating in this business model are Carrefour, Wal-Mart, Meijer, Target, Tesco and Asda Etc. Examples of hypermarkets in India include Giant, Big Bazar and Star India Bazar. Specialty storesA store specializing in a particular type of merchandise or a single durable goods product (i.e. home furnishings and housewares, consumer electronics and/or household appliances) or a range of normally complementary durable goods product categories is defined as a specialized shop. This business model is characterized by a high level of services or product information made available to the customer. These feature a narrow product line with deep assortments in that product line. The specialized shops of..