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 ?
The strategic move by Albertsons also jibes with the current trend of having ``stores within stores''; for example, Lempert said some supermarkets have Starbuck's cafes on site.
We also send out a bimonthly E-Savvy Sheet and provide our subscribers with a pass-protected section of the website where they can access and search back newsletters, a resource directory, market their services, access educational resources, and use the Virtual Supermarket in counseling.
Broadening competition in Argentina's supermarkets underscores the challenge that billionaire J.
The Tax Court determined that the intangible assets could not be attributed to MIC; Arnold never entered into a covenant not to compete (or any other agreement) with MIC by which any of Arnold's distribution agreements, his relationships with the supermarkets or his ice-cream expertise became property of MIC.
The proposed new Edwards supermarket and satellite retail stores will be located on the existing site, combined with the Arcadian Garden Center property, which is situated behind the current Edwards supermarket.
Provides another reason for shoppers to come to the supermarket.
California added 34,800 jobs that month, mostly in retail, which would have included supermarket replacement workers.
Compare the presence of supermarket fuel retailers across 8 key European markets through penetration rates and site numbers.
11 after union leaders and supermarket officials failed to resolve contract disputes over proposed cuts to pension plans and medical benefits.
Supermarket fuel retailers' promotions for private customers are closer to those of traditional fuel retailers
Meanwhile, the federal mediator overseeing contract negotiations between the supermarkets and the UFCW announced another recess in talks.
The direct connection enables Pet Supermarket stores to send their respective card payment transactions over a private network directly to First Data rather than funneling traffic through their headquarters.