An independent retailer that affiliates with other independent retailers under a common trade name for merchandising and advertising purposes.
Central buying, a widely used chain store practice, involves consolidating all purchasing through a central or main office. This strategy ensures that shipments of merchandise are usually directed to the various branches of the store.
A chain store is an individual retail store that is a part of a group of similar retail stores managed and owned by the same entity, providing consistent products, services, and branding across multiple locations.
The Channel Captain is the dominant company in a vertical marketing system that controls the Channel of Distribution, having significant influence over what products or services are developed and distributed throughout the channel.
Cross merchandising refers to the practice of displaying items from different product categories together in order to drive additional sales and enhance the overall shopping experience.
An independent stand from which merchandise is sold, often placed in the common area of shopping centers.
The planning and activities involved in marketing the right merchandise or service at the right place, time, quantities, and price to stimulate sales through effective promotional strategies.
The place where a retail transaction is completed, forming a critical component of the sales and inventory management process in retail operations.
A retail pricing strategy to attract customers either with a high price image, strong personal service, and merchandise quality or by underbidding the competition in the case of below-the-market pricing.
A retail outlet is a manufacturer-owned store that sells merchandise and/or services directly to the public in unlimited quantities.
A retailer concentrating on selling one merchandise line of goods for a particular and usually selective clientele.
A supermarket is a large self-service retail store offering a variety of food and household products, organized into aisles and often operating on a cash-and-carry basis.
Taking inventory involves the physical counting and valuation of stock in trade. Typically performed at year-end, it can also be conducted more frequently or at different times.
