Retail geography

Last updated

Retail geography, or geography of retailing, is the study of where to place retail stores based on where their customers are. The use of retail geography has grown significantly in the past decade as a result of the use of geographic information systems (GIS). It first emerged in the United States in the 1960s. [1] In the 1990s, the "new retail geography" emerged. [2]

Contents

See also

Related Research Articles

Human geography The study of cultures, communities and activities of peoples of the world

Human geography or anthropogeography is the branch of geography that is associated and deals with humans and their relationships with communities, cultures, economies, and interactions with the environment by studying their relations with and across locations. It analyzes patterns of human social interaction, their interactions with the environment, and their spatial interdependencies by application of qualitative and quantitative research methods.

Irish wolfhound Dog breed

The Irish Wolfhound is a historic sighthound dog breed from Ireland that has, by its presence and substantial size, inspired literature, poetry and mythology. Like all sighthounds, it was used to pursue game by speed; it was also famed as a guardian dog, specializing in protection against and for the hunting of wolves. The original dog-type was presumed extinct by most knowledgeable authors but recreated specifically for the canine fancy mainly by Captain George A. Graham in the late 19th century. The modern breed, classified by recent genetic research into the Sighthound United Kingdom Rural Clade, has been used by coursing hunters who have prized it for its ability to dispatch game caught by other, swifter sighthounds.

Simon & Garfunkel American music duo

Simon & Garfunkel were an American folk-rock duo consisting of singer-songwriter Paul Simon and singer Art Garfunkel. They were one of the best-selling music groups of the 1960s, and their biggest hits—including "The Sound of Silence" (1965), "Mrs. Robinson" (1968), "The Boxer" (1969), and "Bridge over Troubled Water" (1970)—reached number one on singles charts worldwide.

In software engineering, a software design pattern is a general, reusable solution to a commonly occurring problem within a given context in software design. It is not a finished design that can be transformed directly into source or machine code. Rather, it is a description or template for how to solve a problem that can be used in many different situations. Design patterns are formalized best practices that the programmer can use to solve common problems when designing an application or system.

Retail Sale of goods and services from individuals or businesses to the end-user

Retail is the process of selling consumer goods or services to customers through multiple channels of distribution to earn a profit. Retailers satisfy demand identified through a supply chain. The term "retailer" is typically applied where a service provider fills the small orders of many individuals, who are end-users, rather than large orders of a small number of wholesale, corporate or government clientele. Shopping generally refers to the act of buying products. Sometimes this is done to obtain final goods, including necessities such as food and clothing; sometimes it takes place as a recreational activity. Recreational shopping often involves window shopping and browsing: it does not always result in a purchase.

Marketing strategy is a long-term, forward-looking approach and an overall game plan of any organization or any business with the fundamental goal of achieving a sustainable competitive advantage by understanding the needs and wants of customers.

Intelligent control is a class of control techniques that use various artificial intelligence computing approaches like neural networks, Bayesian probability, fuzzy logic, machine learning, reinforcement learning, evolutionary computation and genetic algorithms.

Multi-agent system

A multi-agent system is a computerized system composed of multiple interacting intelligent agents. Multi-agent systems can solve problems that are difficult or impossible for an individual agent or a monolithic system to solve. Intelligence may include methodic, functional, procedural approaches, algorithmic search or reinforcement learning.

Value investing

Value investing is an investment paradigm that involves buying securities that appear underpriced by some form of fundamental analysis. The various forms of value investing derive from the investment philosophy first taught by Benjamin Graham and David Dodd at Columbia Business School in 1928, and subsequently developed in their 1934 text Security Analysis.

Market (economics) Mechanisms whereby supply and demand confront each other and deals are made, involving places, processes and institutions in which exchanges occur.

A market is one of a composition of systems, institutions, procedures, social relations or infrastructures whereby parties engage in exchange. While parties may exchange goods and services by barter, most markets rely on sellers offering their goods or services in exchange for money from buyers. It can be said that a market is the process by which the prices of goods and services are established. Markets facilitate trade and enable the distribution and resource allocation in a society. Markets allow any trade-able item to be evaluated and priced. A market emerges more or less spontaneously or may be constructed deliberately by human interaction in order to enable the exchange of rights of services and goods. Markets generally supplant gift economies and are often held in place through rules and customs, such as a booth fee, competitive pricing, and source of goods for sale.

Multi-level marketing (MLM), also called network marketing or pyramid selling, is a controversial marketing strategy for the sale of products or services where the revenue of the MLM company is derived from a non-salaried workforce selling the company's products or services, while the earnings of the participants are derived from a pyramid-shaped or binary compensation commission system. An MLM strategy may be an illegal pyramid scheme.

Retail design is a creative and commercial discipline that combines several different areas of expertise together in the design and construction of retail space. Retail design is primarily a specialized practice of architecture and interior design, however it also incorporates elements of industrial design, graphic design, ergonomics, and advertising.

In the United Kingdom, an out-of-town shopping centre is an enclosed shopping centre located outside of a town centre. The impact of out-of-town shopping centres in the United Kingdom is studied in the context of urban planning, town centre redevelopment, the retail industry and even public health and gender divides. Due to its significance for these issues, it has been included in the school exam curriculum in geography. There are only about sixteen out-of-town enclosed shopping centres in the United Kingdom. Under current policy, no more will be built. All other British shopping centres are in town and city centres.

Mr. Market

Mr. Market is an allegory created by investor Benjamin Graham to describe what he believed were the irrational or contradictory traits of the stock market and the risks of following groupthink. Mr. Market was first introduced in his 1949 book, The Intelligent Investor.

Predictive Buying is the name of the industry dedicated to algorithmic consumer analytics yielding future buying patterns. The primary nature of data mining, analysis and extrapolation have their roots in game theory, rule of inference and regression models. Predictive Buying is an integration of predictive analytics and the methods of permission marketing.

Precision marketing is a marketing technique that suggests successful marketing is to retain, cross-sell and upsell existing customers.

Hyperconsumerism, hyper-consumerism, hyperconsumption or hyper-consumption refer to the consumption of goods for non-functional purposes and the associated significant pressure to consume those goods, exerted by modern capitalist society, as those goods shape one's identity. Frenchy Lunning defines it curtly as "a consumerism for the sake of consuming."

Perry Marshall American marketing consultant

Perry Sink Marshall is an American online marketing consultant, and author of books on internet marketing. He is a Christian proponent of continuationism and evolutionary creation, and has lectured and written on these topics.

NPL network Historical network in England pioneering packet switching

The NPL network or NPL Data Communications Network was a local area computer network operated by a team from the National Physical Laboratory in London that pioneered the concept of packet switching.

Urban informatics refers to the study of people creating, applying and using information and communication technology and data in the context of cities and urban environments. Various definitions are available, some provided in the Definitions section. Urban informatics is a trans-disciplinary field of research and practice that draws on three broad domains: people, place and technology.

References

  1. "Retail Geography - an overview". ScienceDirect . Retrieved January 20, 2021.
  2. International Encyclopedia of Human Geography. Elsevier Science. 29 November 2019. pp. 479–. ISBN   978-0-08-102296-2.
  3. Gary Akehurst; Nicholas Alexander (12 October 2012). Retail Structure. Routledge. pp. 220–. ISBN   978-1-136-29506-5.
  4. Mark Birkin; Graham Clarke; Martin P. Clarke (14 June 2002). Retail Geography and Intelligent Network Planning. John Wiley & Sons. pp. 1–. ISBN   978-0-471-49803-2.