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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 ...
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 ...
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.
Discount store. A discount store or discounter offers a retail format in which products are sold at prices that are in principle lower than an actual or supposed "full retail price". Discounters rely on bulk purchasing and efficient distribution to keep down costs. [1]
Kmart (/ ˈ k eɪ m ɑːr t / KAY-mart), formerly legally registered as Kmart Corporation, now operated by Transformco, is an online retailer in the United States and operates six remaining Kmart big-box department stores — 3 in the US Virgin Islands and one each in Kendale Lakes, Florida (Miami postal address); Bridgehampton, Long Island; and Tamuning, Guam.
Erika Tulfo, CNN. June 18, 2024 at 5:16 PM. Netflix is opening massive entertainment venues in two cities that it says will allow fans to immerse themselves in the worlds of their favorite shows ...
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.
A department store is a retail establishment offering a wide range of consumer goods in different areas of the store, each area ("department") specializing in a product category. In modern major cities, the department store made a dramatic appearance in the middle of the 19th century, and permanently reshaped shopping habits, and the definition ...