Classification of Merchandise in Retail:

• Retail involves selling services or products at a small scale directly to consumers.
• Two main types of retailers are general merchandise stores and non-store retail formats.
• Department stores are the most common type, selling various products under one roof, often with specialized departments.
• Examples of department stores include discount stores, outlet stores, and category-specific stores.

Department Stores:

• Divided into departments specializing in different products.
• Offer a wide range of products with centralized management.
• Examples include discount stores (e.g., Walmart), outlet stores (e.g., Nike), and category-specific stores (e.g., Toys “R” Us).

Full Line Discount Stores:

• Sell various brand products at discounted prices.
• Provide a variety of products under one roof, including groceries, clothing, and home appliances.
• Examples include Walmart and Target.