micro-retailing meaning: definition, etymology and quotations

micro-retailing

noun

Etymology From micro- + retailing. Grew in popularity as ecommerce merchants experiment with opening lower-risk physical retail spaces.

Business, Economics, Engineering, Finance, Marketing, Natural sciences, Physical sciences, Sciences, Technology Neologism A retail model including things like small-scale pop-up shops and boutique storefronts that leverage a variety of innovative downsized activities.

Micro-retailing helps create unique, in-person customer experiences. It can drive your brand’s convenience and make the most of the modern omnichannel shopping world. It even makes it easier for retailers to create physical human connections (all while staying within budget).2020 November 11, “What Is Micro-Retailing? Why & How Retailers Are Going Small”, in Shopify:

Business, Economics, Marketing, Sciences Neologism A small, demographically targeted store with a focus on a small selection of popular products.

Business, Economics, Marketing, Sciences Neologism Small, independent, family owned business in a developing nation.