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A supermarket is a self-service store consisting mainly of grocery and limited products on non-food items. [29] They may adopt a Hi-Lo or an EDLP strategy for pricing. The supermarkets can be anywhere between 20,000 square feet (1,900 m 2) and 40,000 square feet (3,700 m 2). An example is a SPAR supermarket.
One 1992 study stated that 26% of American supermarket retailers pursued some form of EDLP, meaning that the other 74% promoted high-low pricing strategies. [2]A 1994 study of an 86-store supermarket grocery chain in the United States concluded that a 10% EDLP price decrease in a category increased sales volume by 3%, while a 10% high-low price increase led to a 3% sales decrease.
A hypermarket 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. In theory, hypermarkets allow customers to satisfy all their routine shopping needs in one trip.
The future of grocery stores will be a win-win for both stores and customers. On one hand, stores want to decrease their operational expenditures that come from hiring cashiers and conducting ...
Walmart supermarket. A supermarket is a self-service shop offering a wide variety of food, beverages and household products, organized into sections.This kind of store is larger and has a wider selection than earlier grocery stores, but is smaller and more limited in the range of merchandise than a hypermarket or big-box market.
Whole Foods Market, Inc., a subsidiary of Amazon, is an American multinational supermarket chain headquartered in Austin, Texas, which sells products free from hydrogenated fats and artificial colors, flavors, and preservatives. [5] A USDA Certified Organic grocer in the United States, the chain is popularly known for its organic selections. [6]
A grocery store (), grocery shop or simply grocery [1] is a retail store that primarily retails a general range of food products, [2] which may be fresh or packaged.In everyday U.S. usage, however, "grocery store" is a synonym for supermarket, [3] and is not used to refer to other types of stores that sell groceries.
It was first recorded as a noun in 1433 with the meaning of "a sale in small quantities" from the Middle French verb retailler meaning "a piece cut off, shred, scrap, paring". [1] At present, the meaning of the word retail (in English, French, Dutch, German and Spanish) refers to the sale of small quantities of items to consumers (as opposed to ...