The biggest story in retail may not be what you think… A little over 400 years ago, the buy and sell model of retail began to replace the open air market. In this new business model, “stores” selected products, bought them in bulk, and marked them up for resale to individual buyers. Retailers acted as guarantors of quality and kept a reliable assortment of goods on hand, at fair prices, for the convenience of their local towns & villages.
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