department store

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department store

a RETAILER which sells a great variety of products, the term ‘department’ denoting the fact that a typical store will be divided up into a large number of sections each offering a particular kind of merchandise: the food department, the footwear department, the toys and games department, etc. Department stores may be under single-shop ownership or run as a multiple CHAIN STORE business.

Department stores compete mainly by offering customers convenience (‘everything under one roof), personal service and good quality products rather than on the basis of SELF SERVICE and cut prices. The larger department stores are able to boost their profitability by obtaining BULK-BUYING discounts from manufacturers as well as by promoting their OWN LABEL BRANDS. See DISTRIBUTION CHANNEL.

department store

a large RETAIL OUTLET. Department stores may be under single-shop ownership or run as a multiple CHAIN STORE business. Unlike most other retailers, who tend to specialize in relatively narrow ranges of products, the essential characteristic of a department store is the great variety of products it stocks: ‘everything under one roof. See RETAILER, DISTRIBUTION CHANNEL.
References in periodicals archive ?
Department stores were hit hard (Lyons & Li, 1997).
It is likely to accelerate the closure of more department stores, particularly in the countryside, observers said.
8% of the male respondents said that they go to a department store more than once a month.
Federated Department Stores, which operates Bloomingdale's, already has a relationship with the Westfield Group; there is a Bloomingdale's at Westfield's Fashion Square mall in Sherman Oaks.
The Uemura family's business acumen was no disappointment either; before the sale, the company was in more than 100 department stores and 20 other countries.
The high operating costs involved in running a department store, primarily wages, building maintenance and stock, leave department stores very exposed to economic downturns.
Concessions are a long-standing part of the department stores business model and help retailers to differentiate themselves from the competition.
Meanwhile, the midlevel department stores are in the process of makeover, Kyser said.
The supplemental agreement in the ease of Hess obligated Hess to operate continuously for 20 years under the same name, and an additional 10 years as a "comparable retail department store with no requirement as to name.
Included in the plans are expansions to the existing department stores, Robinsons-May, J.
Arco, based in New York City, operates three other Wertheimer's Department Stores in Manhattan, Brooklyn and Queens.

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