supermarket

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supermarket

a RETAILER which typically sells a wide range of products on a self-service basis. Supermarkets may be under single-shop ownership or run as multiple CHAIN-STORE businesses. The bigger supermarket chains are able to achieve significant economies in distribution both on a group basis by being able to obtain favourable price discounts from manufacturers by BULK BUYING, and at the individual store level by the use of capital-intensive methods of retailing (see EPOS). Initially, supermarkets appeared mainly in the grocery trade, but groups there have moved into a variety of non-food lines (hardware, television and radio, paint, etc.). Similar supermarket-type operations have been established for most mass-retailed products.

Hypermarkets or superstores are an extended form of supermarket, usually located on the outskirts of towns and cities where space is plentiful.

Supermarkets compete mainly by offering consumers highly competitive prices on manufacturers' prepacked branded products. However, as part of their MARKETING-MIX policies, emphasis is also placed on product range (including the provision of fresh foods – bread, cheeses, meat, etc.) and various ancillary facilities – cafeteria or restaurant, petrol station etc. The most significant development, however, has been the introduction of OWN-LABEL BRANDS selling under the retailer's own name in direct competition to manufacturers'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

supermarket

a large self-service RETAIL OUTLET. Supermarkets may be under single-shop ownership or run as a multiple CHAIN-STORE business. The larger supermarket chains are able to effect major economies in distribution, both on a group basis, by being able to obtain favourable discounts and concessions from manufacturers by BULK-BUYING, and at the individual store level by the use of capital intensive methods of retailing (see EPOS). A significant development has been the introduction of OWN-BRAND LABELS selling under the supermarket's own name in direct competition with manufacturers’ brands.

Hypermarkets are an extended form of supermarket, usually located on the outskirts of towns and cities where space is plentiful. See RETAILER, DISTRIBUTION CHANNEL.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Imtiaz Abbasi, Chairman of the super market thanked Governor Sindh for taking out time to visit his store.
He was presiding over meetings with the representatives of the Haidery Market Association, Liaquatabad Super Market Association and presidents of other market association which were also attended by the Chairman DMC Central Rehan Hashmi, Municipal Commissioner Dr.
In 2006 Publix Super Markets Charities gave $14.2 million to United Way--and combined with the $19.4 million that Publix raised, the total contribution was over $33.6 million.
Fortune's list, which is based on employee surveys as well as research by workplace experts, included Whole Foods Market, Wegmans, Ukrop's Super Markets and Publix Super Markets.
He said that Zonal Manager and MD himself also pay surprise visits to various super markets and stores to monitor overall performance of staff and quality of products.
BRUSSELS -- The Delhaize Group has acquired another supermarket chain in the United States: the privately held, Leominster, Mass.-based Victory Super Markets. The purchase price was $175 million.
Retailers and their rankings for 1996 are: Publix Super Markets, 9; Meijer, 21; H.E.