Examples of discount store in the following topics:
-
- 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.
-
- A department store is, after all, very different from a mom-and-pop store.
- Department stores, supermarkets, and warehouse stores are all large retail outlets.
- Mom-and-pop stores, specialty stores, and general stores are all smaller retail outlets.
- These stores often focus on a few key categories of products.
- Conversely, these smaller outlets may offer a wider array of products at low margins, such as a discount store.
-
- 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.
-
- Common practices in the competition between firms (such as supermarkets and other stores) include the following: traditional advertising and marketing, store loyalty cards, banking and other services (including travel insurance), in-store chemists and post offices, home delivery systems, discounted petrol at hypermarkets, extension of opening hours (24 hour shopping), innovative use of technology for shoppers including self-scanning, and internet shopping services.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- Large stores often work in conjunction with manufacturers, usually requiring two or even three separate rebates for each item.
- Manufacturer rebates are sometimes valid only at a single store.
- Rebates are heavily used for advertised sales in retail stores in the United States.
- In the UK, rebates are less common, with manufacturers and retailers preferring to give discounts at the point-of-sale rather than requiring mail-in or coupons.
- Rebates allow companies to "price protect" certain product lines by being selective in which models or brands to be discounted.
-
- An example would be a discount on snowmobiles during the summer.
- The intention of such discounts is to spread demand over the year.
- For example, a 2% discount on bills paid within 10 days is a cash discount.
- Trade discounts, also called functional discounts, are payments to distribution channel members for performing some function.
- 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.