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.

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Chairman, president and chief executive Robert Hersh said he was encouraged by the overall increase in sales and explained that profits for the year were adversely affected by the unexpected weakness in the home center industry and weakness in the discount retail market, start-up costs incurred for its domestic decorative lamp business and increased raw materials.
The group introduced lines such as sandwiches and San Marco pizzas for under pounds 1 as it looks to appeal to hard-pressed customers and the booming discount retail market.
In the late 1990s, the chain enjoyed rapid growth but in recent years it has suffered as the discount retail market has become more cut-throat.