Discount store in the context of List price


Discount store in the context of List price

⭐ Core Definition: Discount store

Discount stores are retail establishments that sell products at prices lower than the standard or recommended retail price. Discounters rely on bulk purchasing and efficient distribution to keep down costs.

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Discount store in the context of Department store

A department store is a retail establishment offering a wide range of consumer goods in different areas of the store under one roof, each area ("department") specializing in a product category. In modern major cities, department stores emerged in the mid-19th century, reshaping shopping habits and the definition of service and luxury. Similar developments were under way in London (with Whiteleys), in Paris (Le Bon Marché) and in New York City (Stewart's).

Today, departments often include the following: clothing, cosmetics, do it yourself, furniture, gardening, hardware, home appliances, houseware, paint, sporting goods, toiletries, and toys. Additionally, other lines of products such as food, books, jewellery, electronics, stationery, photographic equipment, baby products, and products for pets are sometimes included. Customers generally check out near the front of the store in discount department stores, while high-end traditional department stores include sales counters within each department. Some stores are one of many within a larger retail chain, while others are an independent retailer.

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Discount store in the context of Douglas Dayton

Douglas James Dayton (December 2, 1924 – July 5, 2013) was an American retail executive, businessman, and philanthropist and heir to the Dayton's Company fortune who was the co-founder of the Target discount stores chain. Dayton ran Target's operations during its early years and served as the company's first president. He started his career at the family company: Dayton's department stores.

Dayton served in the Army during World War II, earning a Purple Heart. After the war, he joined the family business, Dayton's department store. He held various positions in the company, and urged the company to take advantage of the emerging discount store market. In 1960, he became the first president of Dayton's new discount subsidiary, Target. He oversaw the company's expansion until 1969 when he became a vice president of Target's parent company after a merger. Dayton left the business in 1972, forming a venture capital firm in 1974. He retired in 1994 but remained active in charity work until his death in 2013.

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Discount store in the context of General store

A general merchant store (also known as general merchandise store, general dealer, village shop, or country store) is a rural or small-town store that carries a general line of merchandise. It carries a broad selection of goods, sometimes in a small space, where people from the town and surrounding rural areas come to purchase all their general provisions. The store carries routine stock and obtains special orders from warehouses. It differs from a convenience store or corner shop in that it will be the main shop for the community rather than a convenient supplement.

General stores often sell staple food items such as milk and bread, and various household goods such as hardware and electrical supplies. The concept of the general store is very old, and although some still exist, there are far fewer than there once were, due to urbanization, urban sprawl, and the relatively recent phenomenon of big-box stores. The term "general merchandise store" is also used to describe a hybrid of a department store, with a wide selection of goods, and a discount store, with low prices. Examples include J. C. Penney and Sears.

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Discount store in the context of Zellers

Zellers is a Canadian discount store retailer. Originally founded by Walter P. Zeller in 1928 and closed two years later, it was relaunched in 1931 and acquired by the Hudson's Bay Company (HBC) in 1978. After a series of acquisitions and expansions, it peaked with 350 locations in 1999. However, fierce competition and an inability to adapt during the early stages of the retail apocalypse resulted in Zellers losing significant ground in the 2000s.

In January 2011, HBC announced that it would sell the lease agreements for up to 220 Zellers stores to the US chain Target. While HBC initially retained 64 Zellers locations, it announced in July 2012 that all of them would be closed by March 31, 2013. When the chain ceased, HBC converted three former stores into Zellers-branded liquidation outlets for Hudson's Bay stores, however they all had closed by January 2020.

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