Examples of dollar store in the following topics:
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- Dollar General is a general store or "five and dime" store that sets price points only at even amounts, such as exactly one, two, three, five, or ten dollars (among others).
- The price of an item is also called the price point, especially where it refers to stores that set a limited number of price points.
- For example, Dollar General is a general store or "five and dime" store that sets price points only at even amounts, such as exactly one, two, three, five, or ten dollars (among others).
- Other stores will have a policy of setting most of their prices ending in 99 cents or pence.
- Other stores (such as dollar stores, pound stores, euro stores, 100-yen stores, and so forth) only have a single price point ($1, £1, 1€, ¥100), though in some cases this price may purchase more than one of some very small items.
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- In the United States, beverages are sold by the pallet via warehouse stores.
- A global luxury brand would not want to be distributed via a "dollar store" in the United States.
- Conversely, low-end shoemakers would likely be ignored by shoppers browsing in an Italian boutique store.
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- This is a tradition started in the old five and dime stores in which everything cost either 5 cents or 10 cents .
- Traditional five and dime stores followed a line pricing strategy, where all goods were either 5 cents or 10 cents.
- The dollar store is a modern equivalent.
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- In the United States, beverages are sold by the pallet via warehouse stores.
- For example, a high-end product would not want to be distributed via a "dollar store" in the United States.
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- Most stores are small and have weekly sales of only a few hundred dollars.
- 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.
- Non-store Retailing - Non-store retailing describes sales made to ultimate consumers outside of a traditional retail store setting.
- Online vendors, such as Amazon, or a good example of non-store retailers.
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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.
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- However this does not preclude the fact that consumers still love the in-store experience so future approaches will lead back to on site buying as opposed to on line exclusivity.
- They seek value for their dollars and often do not trust a one dimensional shopping experience that is delivered on online in spite of all the videos, photos and zoom in and out features that are part of on line shopping.
- The sales force will be armed with electronic devices, I Pads smartphones, mobile computer access to better assist the customer and provide seamless customer service in-store.
- Anchor stores will maintain their importance, acting as the centerpiece of an array of specialty, demographic, Mom & Pop, Automated and variety stores.
- Customers who pledge their hard earned dollars want to be treated well.
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- Consumers can enter as many times as they wish, although it is permissible for firms to restrict customers to one entry per visit to the store.
- Prizes can vary in value from less than one dollar to more than one million U.S. dollars and can be in the form of cash, cars, homes, electronics, and so on.
- Almost every sweepstakes in the United States offering prizes valued at 600 dollars or greater will typically follow the following structure:
- Draw traffic to their website or store -- Some consumers may never have heard of your company before.
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- Another case, at liquidating stores (if it is a retail chain), the sales prices at the chain's other stores is lower than the liquidator's prices at the closing stores.
- In another example, Fretter Appliance stores claimed "I'll give you five pounds of coffee if I can't beat your best deal. " While initially they gave away that quantity, they later redefined them as "Fretter pounds," which, unsurprisingly, were much lighter than standard pounds.
- Advertisers advertise an item that is unavailable when the consumer arrives at the store and is then sold a similar product at higher price.
- Warner-Lambert was ordered to stop making the claims, and to include in the next $10.2 million dollars' of Listerine ads specific mention that "contrary to prior advertising, Listerine will not help prevent colds or sore throats or lessen their severity
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- Other factors that should be considered when setting a list price include fixed order amounts, quantity breaks, promotion or sales campaigns, non-price costs (travel time to the store, wait time in the store, disagreeable elements), specific vendor quotes, the price prevailing on entry, shipment or invoice dates and the combination of multiple orders or lines.
- Much of the time, stores charge less than the suggested retail price, depending upon the actual wholesale cost of the item or if product is purchased in bulk from the manufacturer or in smaller quantities through a distributor.
- It is a type of market customization that deals with pricing of customer/product combinations at the store or individual level.
- Some of the most common errors include; weak controls on the discounting process, inadequate systems for tracking competitor's selling pries and market share, cost-plus pricing, poorly executed price increases, worldwide price inconsistencies and paying sales representatives on dollar volume as opposed to addition of profitability measures.