Manag., July-2018 – Q83
- Option :
- Explanation : Major Store Retailer Types
Specialty Stores: Carry a narrow product line with a deep assortment, such as apparel stores, sporting-goods stores, furniture stores, florists, and bookstores. A clothing store would be a single-line store, a men’s clothing store would be a limited-line store and a men’s custom shirt the store would be a super-specialty store. Examples: The Body Shop, Gap, The Athlete’s Foot.
Department Stores: Carry several product lines—typically clothing, home furnishings, and household goods—with each line operated as a separate department managed by specialist buyers or merchandisers. Examples: Sears, Macy’s, Marshall Field’s.
Supermarkets: A relatively large, low-cost, low-margin, high-volume, self-service the operation designed to serve the consumer’s total needs for food and household products. Examples: Kroger, Vons, A&P, Food Lion.
Convenience Stores: Relatively small stores located near residential areas, open long hours seven days a week, and carrying a limited line of high-turnover convenience products at slightly higher prices. Examples: 7-Eleven, Stop-N-Go, Circle K.
Discount Stores: Carry standard merchandise sold at lower prices with lower margins and higher volumes. Examples: General–Wal- Mart, Target, Kmart, Specialty–Best Buy.
Off-Price Retailers: Sell merchandise bought at less-than-regular wholesale prices and sold at less than retail; often leftover goods, overruns, and irregulars obtained at reduced prices from manufacturers or other retailers. These include factory outlets owned and operated by manufacturers (example: Mikasa); independent off-price retailers owned and run by entrepreneurs or by divisions of larger retail corporations (example: TJ Maxx); and warehouse (or wholesale) clubs selling a a limited selection of brand-name groceries, appliances, clothing, other goods at deep discounts to consumers who pay membership fees (examples: Costco, Sam’s, BJ’s Wholesale Club).
Superstores: Very large stores traditionally aimed at meeting consumers’ total needs for routinely purchased food and non-food items. Includes category killers, which carry a deep assortment in a particular category and have a knowledgeable staff (examples: Best Buy, Petsmart, Staples); supercenters, combined supermarket and discount stores (examples: Wal-Mart Supercenters, SuperTarget, Super Kmart Center), and hypermarkets with up to 220,000 square feet of space combining supermarket, discount, and warehouse retailing (examples: Carrefour [France], Pyrca [Spain]).
