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 ?
DISCOUNT retailer Poundland is set to open a second store in Huddersfield.
The study has concentrated on the discount retailers who are located in "conventional" retail environments, namely high streets and retail parks.
Shrewsbury now has two discount retailers, Worcester has one and in July Willenhall-based Poundland opened a store in Stratford-upon-Avon which launched with a bumper weekend of trading far exceeding the management's expectations.
The report is divided into four sections - Part One provides a qualitative analysis of global discount trends, Part Two profiles the Top 10 discount retailers, Part Three analyses discount store development by region and Part Four looks in more depth at the characteristics of the world's ten largest discount markets.
Other discount retailers have taken advantage of current conditions to lease multiple locations.
com teams up with discount retailers to offer premium Internet sales promotions for shoppers
Though still profitable, the company is battling ferocious price competition from discount retailers like Wal-Mart.
The move also further demonstrates the current strength of discount retailers.
Indeed, we believe that the market for the discount retailers will expand at between three and four times the rate of inflation expected over the period 2006 to 2010.
At this point, every New York department store is struggling to keep its customer base and compete with a plethora of discount retailers, specialty store and power centers.