Would you pay more for a pink razor? High street stores Boots and Superdrug have been busy reviewing how they price their products after campaigners claimed products targeted at women were marked up on the shelves. Both retailers seem to have acknowledged that female customers may have been getting a bad deal. Widespread price discrimination like this might appear unfair but in truth, it is happening all the time, everywhere, to all of us.
Department stores and other brick-and-mortar retailers registered another lackluster holiday shopping season, while online sales have remained upbeat since Cyber Monday. As more consumers spend a larger share of their dollars online, does this signal the days of shopping at department stores and shopping malls are numbered?
Last year, EconomyWatch took a look at the world’s most expensive home: a 27-storey high building located in South Mumbai named Antilia, which was built by Indian billionaire Mukesh Ambani. The Antilia today is valued at close to $1 billion, highlighting the gap in wealth between the elite and the rest.
The retail industry is responsible for the distribution of finished products to the public. The retail sector comprises of general retailers (managed by individuals/families), departmental stores, specialty stores and discount stores.
The activities of the retail industry can be broadly classified into:
Personal goods store retailing
