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 ?
But many mass and discount retailers have taken this opportunity to further upgrade the entire section.
However, many so-called discount retailers in the UK are outlets which provide cheap goods at cheap prices.
The UK food and grocery market, valued this year at pounds 156.8 billion by IGD Retail Analysis, will expand as discount retailers, such as Lidl and Aldi, grow at an annual rate of 10.1% to a total value of pounds 11.4 billion by 2016, compared to pounds 7 billion this year.
DISCOUNT retailer Poundland is serving an additional half a million customers a week as it becomes one of the few high street chains to benefit from the consumer spending squeeze.
It was highly commended in the category for discount retailers in the 2010 Retail Industry Awards and came 11th in the 2009 Sunday Times Top Track 250 league table ranking UK mid-market private companies with the biggest sales.
German discount retailer Lidl opened its first stores in Bulgaria on Thursday morning, offering shockingly low prices, a move that will certainly heat up further the competition in the sector.
David McNellis, a director with commercial property agency Lisney, who brokered the deal to bring B&M Bargains to Armagh, told how discount retailers are currently in an acquisitive mood.
Bargain-hunting middle class shoppers in affluent towns like Stratford-upon-Avon and Shrewsbury have helped discount retailers continue their relentless march across the UK high street.
"Among major subcategories of private construction spending, the areas of greatest strength include lodging, up 46% year-to-date; multi-retail--general merchandise stores such as 'big-box' and discount retailers, shopping centers and malls--up 38%; hospitals, 27%; manufacturing, 24%; multi-family residential, 20%; and warehouses, other than mini-storage, 17%," Simonson added.
This is largely due to a rise of the market share for hard discount retailers in a growing number of countries.
DISCOUNT retailers Aldi are looking to open 200 more stores as part of a pounds 500million expansion drive over the next seven years.