Examples of discount store in the following topics:
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- It creates jobs for the people who supply the raw materials and to factory workers who actually make the products, for the people transporting goods to the marketplace, the construction companies that build the stores and malls and for an entire service sector that maintains goods purchased by individuals.
- For example the $16.5 billion merger between Federated Department Stores and Mays forming Macy's Department Stores and the 2004 merger between Kmart Holding Corp and Sears that was valued at $10.9 billion.
- There are many different types of retailers; department and discount stores, warehouse stores, variety, demographic retailers aimed at a specific buyer, "Mom & Pop" stores owned and operated by individuals specialty stores, general and convenience stores, mail-order, hypermarkets, supermarkets, malls, category specialists, vending machines, no-frills, self-service or automated retail (robotic kiosks seen in airports and at supermarkets), big box stores and of course on-line e-tailers.
- Retailing second hand or used goods, it enables consumers to purchase goods at deeply discounted prices or to borrow against and using the value of the product as collateral against a cash loan.
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- For instance, hairdressers can go to the manufacturer to get a discount for buying in bulk.
- Such a discount might also be used to gain shelf space or a preferred position in the store.
- Trade discounts are often combined to include a series of functions, for example 20/12/5 could indicate a 20% discount for warehousing the product, an additional 12% discount for shipping the product, and an additional 5% discount for keeping the shelves stocked with the product.
- The larger the purchase, the larger the discount.
- Hairdressers can go to the manufacturer to get a discount for buying in bulk.
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- Chain Stores: The 1920s saw the evolution of the chain store movement.
- Because chains were so large, they were able to buy a wide variety of merchandise in large quantity discounts.
- The discounts substantially lowered their cost compared to costs of single-unit retailers.
- Discount Houses: Cut-rate retailers have existed for a long time.
- Discount houses are characterized by an emphasis on price as their main sales appeal.
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- For example, Plato's Closet, a consignment store for young adult clothing, would focus on the teen and young adult demographic.
- There are also discount cards available that offer discounts by allowing shoppers to collect points each time they shop at their store.
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- Department Stores - Department stores are characterized by their very wide product mixes.
- Chain Stores - Chain stores are able to buy a wide variety of merchandise in large quantity discounts.
- The discounts substantially lower their cost compared to costs of single unit retailers.
- Discount Houses - Discount houses are characterized by an emphasis on price as their main sales appeal.
- Non-store Retailing - Non-store retailing describes sales made to ultimate consumers outside of a traditional retail store setting.
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- Trade allowances are incentives used to encourage a retailer to stock a product such as cash discounts or promotional incentives.
- Dealer loaders are incentives given to a dealer to display a product, such as in-store displays, premiums, or rebates.
- Point of purchase display (POP) is an end cap or center store display where retailers can show the products to customers to increase awareness.
- Discounts are reductions to a basic price of goods or services.
- Discounts are sometimes given to customers who buy in large quantities.
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- Department, discount, warehouse, Mom And Pop, specialty, demographic, general, convenience, big box, automated/self serve, hypermarkets, supermarkets, malls and variety stores have adjusted traditional marketing strategies such as print advertising, media buys and in-store campaigns to incorporate the use of new technologies such as online outlets and shopping, email, texting, mobile applications, blogging, QR codes, kiosks, digital signage and online advertising.
- In-store marketing utilizes custom displays that are designed to attract customers in specific demographic groups.
- Sales tools such as discount coupons, price plus campaigns, up-selling and incentive programs are important components to the retail marketing mix of a plan.
- Larger retailers, such as the big box stores and hypermarkets often utilize long tail statistical analysis to select the products that they want to market.
- These campaigns can be as simple as discounted pricing or as intricate and involved as contests, giveaways and loyalty programs.
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- At a retail in-store level, merchandising refers to the variety of products available for sale and how the products are displayed to stimulate interest and entice customers to make a purchase.
- This includes disciplines and discounting, physical presentation of products and displays, and decisions about which products should be presented to which customers at what time.This annual cycle of merchandising differs between countries and some times within them.
- While this used to be done exclusively by the stores' employees, many retailers have made substantial savings by requiring it to be done by the manufacturer, vendor, or wholesaler that provides the products to the retail store.
- In the United Kingdom, for example, there are a number of organizations that supply merchandising services to support retail outlets with general stock replenishment and merchandising support for new stores.
- Through this approach, retail stores have been able to substantially reduce the number of employees needed to run the store.
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- The NPV Profile graphs the relationship between NPV and discount rates.
- The NPV calculation involves discounting all cash flows to the present based on an assumed discount rate.
- When the discount rate is large, there are larger differences between PV and FV (present and future value) for each cash flow than when the discount rate is small.
- The independent variable is the discount rate and the dependent is the NPV.
- It is the discount rate at which the NPV is equal to zero.
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- There is fierce competition in the German grocery industry, due to the increasing number of discount supermarket chains (KPMG 2006).
- The objective was to expand to 500 stores in Germany.
- However, the number of stores never exceeded the 95 stores that were originally purchased in the first two years.
- Therefore, the German customer is quite accustomed to the low prices that are offered by numerous discount supermarket chains.
- The intention was to take over the stores of the insolvent supermarket chains and convert them into Wal-Mart stores.