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 ?
Kimani said that soon, the supermarket chain will open more stores so as to better serve Coast residents.
Food prices became the number one story on social media: Lithuanians spontaneously announced a three-day boycott, between May 10 and 12, of all four main supermarket chains in Lithuania, Maxima, Iki, Rimi, and Norfa.
According to RetailNet Group, a number of supermarket chains have put together health solutions that are effectively integrated into their total store merchandising and messaging systems.
During the meeting, Kheir Zaman's affiliate, Metro Market for Trading and Distribution Company, was mentioned many times, reflecting the importance of its role in managing the ongoing rise in commodity prices, particularly through the Kheir Zaman supermarket chain.
The repositioning has been planned on the basis of market research indicating that this is what customers of the supermarket chain want.
13 April 2015 - Vietnamese property developer Vingroup is acquiring all of the outstanding shares a 39-store supermarket chain owned by Vietnamese textile group Vinatex group, the company said.
11 August 2014 - A number of private equity firms are showing interest in buying US discount supermarket chain Grocery Outlet Inc, offering up to USD1.2bn (EUR896.5m) according to sources close to the matter, quoted by the Wall Street Journal.
JOBS could be under threat at a Teesside warehouse after a supermarket chain confirmed it is looking at redundancies.
An employee of British supermarket chain Wm Morrisons is being held over the theft and publication of staff salary and bank details, the Telegraph reported on Monday.
He also worked for a major supermarket chain, including nine years in Southern California working his way through the ranks from real estate coordinator to director of real estate.
In a disclosure to the Philippine Stock Exchange, RRHI said Jaynith is a three-store supermarket chain owned and operated by JAS 8 Retailing Management Corporation.