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Learn about the different types of retail formats, such as food, softline, hardline, specialist, arcade, anchor store, bazaar, boutique, category killer and chain store. See how retail formats influence consumer choice and expectations, and how they vary across regions and products.
CPI stands for Consumer Price Index, a measure of inflation based on the monthly price change of a basket of goods and services. The CPI is published by the Bureau of Labor Statistics and used for various purposes, such as indexing Social Security benefits.
Learn about the different types of discount stores in the United States and Canada, such as hypermarkets, category killers, warehouse clubs, variety stores and dollar stores. Find out how discount stores evolved from the 1950s to the present day and which chains are the most popular and successful.
A department store is a retail establishment offering a wide range of consumer goods in different areas of the store, each specializing in a product category. Learn about the origins, innovations, and expansion of department stores around the world, from England to America to France.
Learn how to compare two quantities while taking into account their sizes using relative change and its formulas. Find out the difference between relative change, percent error, and percentage change, and see examples and applications.
Learn about the history and legacy of the F. W. Woolworth Company, one of the pioneers of the five-and-dime store. Find out how it evolved from a single store in Utica, New York, to a global retail chain, and how it eventually became Foot Locker.
Same-store sales is a business term that compares the revenue of a retail chain's existing outlets in a certain period with the same period in the past. It is a key metric to measure the performance and growth of retailers, and can be calculated using different methods and criteria.
Learn about the origin, evolution, and classification of grocery stores, which are retail outlets that sell food products. Compare the terms and meanings of grocery store, supermarket, corner shop, and convenience store in different countries.