retail outlet

retail outlet

business premises or facilities for selling products to CONSUMERS. A retail outlet may take the form of a SHOP or STORE which buyers visit to make purchases, or it could be an AUTOMATIC VENDING MACHINE or kiosk located in a hotel or restaurant. Apart from ‘points of sale’ geographically located within easy reach of prospective customers, retail sales can be made by direct delivery or through the post to a buyer's home as, for example, in MAIL ORDER selling. See RETAILER, DISTRIBUTION CHANNEL, EPOS.

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

retail outlet

a business premise or facility for selling products to CONSUMERS. A retail outlet may take the form of a SHOP or store that buyers visit to make purchases, or it could be an AUTOMATIC VENDING machine or kiosk located in a hotel or restaurant. Apart from ‘points of sale’ geographically located within easy reach of prospective customers, retail sales can be made by direct delivery or through the post to a buyer's home as, for example, in MAIL ORDER selling. See INTERNET. See RETAILER, DISTRIBUTION CHANNEL, EPOS, CHAIN STORE, DEPARTMENT STORE, DISCOUNT STORE, DO-IT-YOURSELF, SPECIALIST SHOP, SUPERMARKET.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005