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  1. Institutional theory suggests that retail institutions evolve in response to changes in the environment, resulting in the development of new formats.
  2. Diffusion theory explains how retail innovations spread through the market, leading to the rise of new retail formats.
  3. Cyclical theory posits that retail formats go through cycles of growth, maturity, and decline as they become established.
  4. Adaptive theory suggests that retailers adapt their strategies and formats in response to competition and changes in consumer preferences.
  5. Life cycle theory suggests that retail formats have a finite lifespan and will eventually decline or be replaced by new formats.
  6. Resource-based theory suggests that retailers with superior resources and capabilities are more likely to succeed and drive changes in the retail market.
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1y ago

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