What defines independent format stores?

Independent format stores are characterized by being usually independently owned and operated. This means they are not part of a broader chain or franchise system that operates multiple locations under the same brand. The independence allows these stores to operate with more flexibility regarding product selection, pricing, and customer service, tailoring their offerings to the specific needs of their local customer base.

In contrast to being part of a large chain, as suggested in the first choice, independent stores maintain their unique identity and can often provide a more personalized shopping experience. They are not limited to solely focusing on online sales, which is a characteristic of e-commerce platforms rather than physical stores. Additionally, the emphasis on luxury products does not define the independent format; rather, these stores can offer a wide range of products based on the owner's preferences and local demand, which may include luxury items but isn't limited to them. Thus, the distinguishing feature of independent format stores is their ownership model, which allows them greater autonomy in their operations.