Retail history in india

Retailing in antiquity[ edit ] Marketplace at Trajan's Forum, the earliest known example of permanent retail shopfronts Retail markets have existed since ancient times. Archaeological evidence for trade, probably involving barter systems, dates back more than 10, years. As civilizations grew, barter was replaced with retail trade involving coinage. These markets typically occupied a place in the town's centre.

Retail history in india

Archaeological evidence for trade, probably involving barter systems, dates back more than 10, years. As civilizations grew, barter was replaced with retail trade involving coinage. Surrounding the market, skilled artisans, such as metal-workers and leather workers, occupied permanent premises in alleys that led to the open market-place.

These artisans may have sold wares directly from their premises, but also prepared goods for sale on market days. In ancient Rometrade took place in the forum. The latter was a vast expanse, comprising multiple buildings with shops on four levels.

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The Roman forum was arguably the earliest example of a permanent retail shop-front. The Phoenicians imported and exported wood, textiles, glass and produce such as wine, oil, dried fruit and nuts. Their trading skills necessitated a network of colonies along the Mediterranean coast, stretching from modern day Crete through to Tangiers and onto Sardinia [10] The Phoenicians not only traded in tangible goods, but were also instrumental in transporting culture.

In around BCE, the Phoenicians developed a consonantal alphabet which was much easier to learn that the complex scripts used in ancient Egypt and Mesopotamia.

Phoenician traders and merchants were largely responsible for spreading their alphabet around the region. Established init is thought to be the oldest continuously operating covered market In the Graeco-Roman world, the market primarily served the local peasantry.

Local producers, who were generally poor, would sell small surpluses from their individual farming activities, purchase minor farm equipment and also buy a few luxuries for their homes.

The very wealthy landowners managed their own distribution, which may have involved exporting and importing. The nature of export markets in antiquity is well documented in ancient sources and archaeological case studies. In 13th century London, mercers and haberdashers were known to exist and grocers sold "miscellaneous small wares as well as spices and medicines" but fish and other perishables were sold through markets, costermongers, hucksters, peddlers or other type of itinerant vendor.

In Chestera medieval covered shopping arcade represented a major innovation that attracted shoppers from many miles around. Known as " The Rows" this medieval shopping arcade is believed to be the first of its kind in Europe. A typical 17th century shop, with customers being served through an opening onto the street Medieval shops had little in common with their modern equivalent.

The shutters were designed to open so that the top portion formed a canopy while the bottom was fitted with legs so that it could serve as a shopboard. Glazed windows, which were rare during the medieval period, and did not become commonplace until the eighteenth century, meant that shop interiors were dark places.

Outside the markets, goods were rarely out on display and the service counter was unknown. Shoppers had relatively few opportunities to inspect the merchandise prior to consumption. Many stores had openings onto the street from which they served customers.RETAIL IN INDIA: HISTORICAL PERSPECTIVE In India, the retail sector is the 2nd largest employer after agriculture.

Infact due to wide network of retailing in India it is known as nation of shopkeepers. There are about 12 millions retail outlet spread across India and the country has the highest density of shops in the world i.e.

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Retail history in india
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