Lesson 2 Flashcards
Introduction to the World of Retailing
Focuses on a specific product category (Zara, Sephora)
Specialty stores
Offers wide variety of products, organized into separate departments (Robinsons Market, SM Department Store).
Department Store
Large, self-service stores offering a wide range of products, even pharmaceuticals (Walmart, Puregold, SM Supermarkets).
Supermarkets
Offer a limited selection of essential goods (7-Eleven, Uncle John’s).
Convenience Store
Offer products at lower prices by minimizing overhead costs (Daiso, Miniso, Japan Home).
Discount Store
Membership-based stores where consumers buy goods in bulk and discounted prices (S&R, Landers).
Warehouse Club
Operate exclusively on the internet, offering a wide range of products through digital platforms (Amazon, Alibaba)
Online Retailers
Large retail stores that combine the features of supermarkets and department stores (SM Hypermarket).
Superstores or Hypermarkets
Sells product directly from manufacturers at lower prices. Selling items that are overstocked, discontinued, or slightly imperfect (Nike Factory Outlet, Levi’s Outlet).
Factory Outlets
Temporary shops that open for a short period, typically to sell limited edition products or to capitalized on seasonal trends (Seasonal Halloween Stores, Pop-up Fashion Events).
Pop-up Stores