Grid Layout or Grid View is used to display a large number of products in an optimised way wherein it is perfect to display two images side by side and ensuring that a given time on the customer screen there are 4 or 6 products depending on the screen size.
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List Layout or List View is used to display a large number of standard products typically consumable like FMCG, groceries, etc in an optimised way wherein it is perfect to display a list of items on the screen with a small icon and all relevant product information and product description alongside it. This view is typically used where product information is given more priority over product image for a fast selection of products.
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Magazine view or magazine layout is primarily used where displayiong the product image to the custoemer is a priority similar to how magazines showcase high quality professional images of products. This view is typically used in the fashion, apparel, jewelery, furnishing industries where either the product is high value or intrisic product details like embroidery, fine design, handicraft or carving work is the key USP of the product.
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This view is highly preferred by Jewellers, Fashion Boutiques, Luxury Products, Designers and premium wear segment.