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 ?
The astute use of which can enable greater profits for the retailers, in this case, supermarkets.A supermarket in this context refers to retail food outlets that are self-service, are larger than 40,000 square feet and carry at least 30,000 stock keeping units (SKU).
According to the Tracker, 40.9% of investors anticipate the discount supermarkets to carry on taking market share from the larger brands in 2015, believing that discount supermarkets are some way off overtaking the traditional big brands, while just 24.1% of investors feel that a change in power to the discounted supermarkets will occur.
Prior to becoming a Metal Supermarkets franchisee, Allison worked as a Material Manager at several companies for 30 years.
The supermarkets' seizure comes as part of the North Cairo Criminal Court decision to freeze assets of prominent Muslim Brotherhood leaders, along with several other Islamist politicians.
EasyJet charge PS1.20 for a Twix - 380 per cent more than the supermarket, where bars in packs of four cost 25p each.
The survey, which compared airline prices with those at a typical branch of Asda, found that average inflight drinks and snacks cost 241 per cent more than the supermarket charges.
Previous governments have had investigations into supermarkets and found nothing wrong with these practices so perhaps one could say it is their complacency to blame.
While food is where the bulk of the sales come from and brings in loyal repeat customers, the housewares category brings supermarkets the benefit of much higher margins to help offset the highly competitive, lower-margin food categories.
We are reaching saturation point with the large supermarkets, but they want to keep expanding and their express-type shops are popping up on high streets all over the place.
Global Supermarkets And Hypermarkets Market Report 2019 provides the strategists, marketers and senior management with the critical information they need to assess the global supermarkets and hypermarkets market.
It has become a rural dweller's concern as well, as supermarkets have significantly cropped up everywhere in the last decade as the retail sector thrives.
Running a supermarket and department store is a Herculean task but for Teddy Keng, founder of The Landmark Makati, no mountain is too high with hard work.