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Like for like ( LFL) growth is a measure of growth in sales, adjusted for new or divested businesses. This is a widely used indicator of retailers ' current trading performance. [1] The adjustment is important in businesses that show a significant dynamic of expansion, disposals or closures. [2] To compare sales figures from different periods ...
Retail format. The retail format (also known as the retail formula) influences the consumer's store choice and addresses the consumer's expectations. At its most basic level, a retail format is a simple marketplace, that is; a location where goods and services are exchanged. In some parts of the world, the retail sector is still dominated by ...
The International Council of Shopping Centers, based in New York City, classifies two types of shopping centers as malls: regional malls and superregional malls.A regional mall, per the International Council of Shopping Centers, is a shopping mall with 400,000 sq ft (37,000 m 2) to 800,000 sq ft (74,000 m 2) gross leasable area with at least two anchor stores.
Hypermarket. A hypermarket (sometimes called a hyperstore, supercentre, or superstore) is a big-box store combining a supermarket and a department store. [1] The result is an expansive retail facility carrying a wide range of products under one roof, including full grocery lines and general merchandise.
Code Adam is a missing-child safety program in the United States and Canada, originally created by Walmart retail stores in 1994. [1] This type of alert is generally regarded as having been named in memory of Adam Walsh, the 6-year-old son of John Walsh (the host of Fox 's America's Most Wanted ). Adam was abducted from a Sears department store ...
Department stores merged with Federated and May Timeline of former nameplates merging into Macy's. Many United States department store chains and local department stores, some with long and proud histories, went out of business or lost their identities between 1986 and 2006 as the result of a complex series of corporate mergers and acquisitions that involved Federated Department Stores and The ...
SM Retail has ownership over SM Supermarket, SM Hypermarket and Savemore chains which would later be called collectively as SM Markets. [8] [1] It also owns SM Store department stores and food retail stores under WalterMart and Alfamart (joint venture between SM and the Indonesian-based mini-mart/convenience store chain for Philippine franchise).
The balance sheet would show $4500 in inventory under LIFO. The difference between the cost of an inventory calculated under the FIFO and LIFO methods is called the LIFO reserve (in the example above, it is $750). This reserve is essentially the amount by which an entity's taxable income has been deferred by using the LIFO method.