There has been real change and development in the retail industry. These changes can be taken a notch further with decentralization of the industry. The centralization of the retail stores is usually hard work in terms of customer’s service. For both customers and retailers, themselves, the decentralization seems to be a way out.
Decentralization in itself is removing congestion from a particular central system and allocating functions to smaller central location. A typical divide and conquer system.
There has been real change and development in the retail industry. These changes can be taken a notch further with decentralization of the industry. The centralization of the retail stores is usually hard work in terms of customer’s service. For both customers and retailers, themselves, the decentralization seems to be a way out.
Changing Features of the Retail Industry
The market dictates the new service and products that are being offered by the manufacturer to the final consumers. In between is are the wholesalers and retailers. Importantly are the retail shops where the consumers get their products from.
Consequently, there are three main changes in the retail sphere. These changes are property, location and retailer behavior.
These changes are evident in the number of increased shops in the different location which is receptive to the retailers
Why Decentralize Retail Industry?
Imagine a walk in store where you do not have to face any queue nor congestion whatsoever and get great customer service. That would be great right? Yeah sure. Here are some observable advantages decentralization of the retailing industry will bring
1. Freedom from congestion: this is one of the major points of decentralization of the retail industry. This would reduce the amount of crowd considerably at a particular location
2. Lowered cost of operation for the retailer: this would reduce the amount of operational cost required to manage a larger space.
3. Increased efficiency: focusing on a handful of customers will increase the efficiency of service by the retailers
4. A wider range of service: decentralization will foster for a wider range of services at the different part of the country.