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.

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.

References in periodicals archive ?
Visir reports that Bergthora Halldorsdottir, a lawyer for SA - Business, a group that supports businesses in Iceland, said: "The complaint is not about the British supermarket chain having named its stores after our country, but what we find unfortunate is that Iceland Foods has not only registered its logo, but the word Iceland itself.
The repositioning has been planned on the basis of market research indicating that this is what customers of the supermarket chain want.
One of the sources pointed out that at present there were no corporate bidders for the supermarket chain.
Nationally, the struggling supermarket chain announced it would be slashing prices on 1,200 everyday products earlier this month, after posting a PS176m loss last year.
The supermarket chain discovered on Thursday that salary and account details for approximately 100,000 of its employed had been published online.
supermarket chain Sainsbury's for exclusive apparel, gifts, and toys tied to The Gruffalo, The Gruffalo's Child, and Room on the Broom, all properties based on the books by Julia Donaldson and Axel Scheffler.
ySTANBUL (CyHAN)- Supermarket chains Carrefour and Real may be looking to sell their operations in Turkey amid slumping sales and growing domestic competition, officials from both companies indicated this week.
Rival supermarket chain Sains-bury's launched a similar pilot of traditional Polish products such as stuffed cabbage, cassis sauce and marinated plums.
Morrisons - the UK's fourth largest supermarket chain - did not place a value on its price cuts, which it said would be effective within the next two weeks.
A clear example of the strategy is the purchase of the Quijote supermarket chain in Santa Fe province.
7 billion mortgage and mezzanine loan facility on June 2 to a consortium of borrowers including Cerberus, Lubert-Adler, Shottenstein and Kimco who acquired the stock of Albertson's, the national supermarket chain.
an affiliated supermarket chain based in Koriyama, Fukushima Prefecture, into a wholly owned subsidiary through a share swap on Sept.