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A strip mall, strip center, strip plaza or simply plaza is a type of shopping center common in North America and Australia where the stores are arranged in a row, with a footpath in front. Strip malls are typically developed as a unit and have large parking lots in front. Many of them face major traffic arterials and tend to be self-contained ...
The retail format (also known as the retail formula) influences the consumer's store choice and addresses the consumer's expectations. At its most basic level, a retail format is a simple marketplace, that is; a location where goods and services are exchanged. In some parts of the world, the retail sector is still dominated by small family-run ...
An outlet store, factory outlet or factory store is a brick and mortar or online store where manufacturers sell their merchandise directly to the public. Products at outlet stores are usually sold at reduced prices compared to regular stores due to being overstock, closeout, returned, factory seconds, or lower-quality versions manufactured ...
In a letter to the secretary of the FTC, four lawmakers wrote, "It's a common practice at outlet stores to advertise a retail price alongside the outlet store price." It goes on saying, "Since the ...
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply chain from producers to consumers.
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The term mall originally meant a pedestrian promenade with shops along it, but in the late 1960s, it began to be used as a generic term for the large enclosed shopping centers that were becoming increasingly commonplace. [1] [2] In the United Kingdom and other countries, shopping malls may be called shopping centers .
Hypermarket. A hypermarket (sometimes called a hyperstore, supercentre, or superstore) is a big-box store combining a supermarket and a department store. [1] The result is an expansive retail facility carrying a wide range of products under one roof, including full grocery lines and general merchandise.