Changing Nature of retailing Wheel of retailing time passes 2. Now, outlet higher price 3. Outlet has higher margin higher price higher status higher margin higher status time passes time passes 1. Outlet Starts 4. New outlet enters low price resembles # f1 low margin low statusChanging Nature of Retailing: Wheel of Retailing 3. Outlet has • higher price • higher margin • higher status 4. New outlet enters • resembles #1 1. Outlet Starts • low price • low margin • low status 2. Now, outlet • higher price • higher margin • higher status time passes time passes time passes