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department store |
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department store: see store store, commonly a shop or stall for the retail sale of commodities, but also a place where wholesale supplies are kept, exhibited, or sold. Retailing—the sale of merchandise to the consumer—is one of the oldest businesses in the world and was practiced in ..... Click the link for more information. . department storeRetail establishment that sells a wide variety of goods. These usually include ready-to-wear apparel and accessories, yard goods and household textiles, housewares, furniture, electrical appliances, and accessories. In addition to departments (supervised by managers and buyers) for the various categories of goods, there are departmental divisions to handle, for example, merchandising, advertising, service, accounting, and financial strategy. The Bon Marché in Paris, which began as a small shop in the early 19th century, is often considered the first department store. The first U.S. department store chains— J.C. Penney and Sears, Roebuck and Co.—date to the 1920s. See also Harrods. |
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| The firm also sells some foods in discount markets. Storm), based in Fairview, Texas, provides products and services to the retail industry and non-bank financial institutions (NFBI) to address 1) The Unprecedented Growth of the Cash Based Economy; 2) Convenience Stores, Check Cashing and Discount Markets emerging as the shopping and financial transaction hubs of the Cash Based Economy, and, 3) Retailers and Financial Centers Migrating Product and Services from Over-the-Counter to Automated Transactions. The cornerstone of Caldor's plan, which was presented in December 1996, is a refocusing on its strategies as a full-line, upscale discount retailer, serving urban/suburban discount markets in the Northeast and Mid-Atlantic. |
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Discount markets
