discount store

discount store

      in merchandising, a retail store that sells products at prices lower than those asked by traditional retail outlets. Some discount stores are similar to department stores in that they offer a wide assortment of goods; indeed, some are called discount department stores.

      Others specialize in such merchandise as jewelry, electronic equipment, sporting goods, or household appliances. Discount stores that specialize in a specific assortment of goods within a retail category are called “category killers.” Examples of these include Toys “R” Us for toys, IKEA for home furnishings, Staples for office products, and Home Depot for hardware and construction materials. These stores carry a variety of national brands (usually purchased directly from the manufacturers) while offering low prices and knowledgeable service. Stores that are open only to certain groups, such as members of cooperatives or government employees, are often known as closed-door discount stores.

      Originating largely in the United States, discount stores have spread worldwide, notably to western Europe, Latin America, Australia, and Japan. Discount store operator Wal-Mart Stores, Inc., which opened its first international outlet in Mexico City in 1991, had become the world's largest retailer by the end of the 20th century.

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Universalium. 2010.

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Look at other dictionaries:

  • discount store — ➔ store1 * * * discount store UK US noun [C] (US also discount house) COMMERCE ► a store that sells products at lower than usual prices: »There s no question that luxury brands sold in discount stores experience some brand damage because they… …   Financial and business terms

  • Discount store — A typical Wal Mart discount department store. A discount store is a type of department store, which sells products at prices lower than those asked by traditional retail outlets. Most discount department stores offer a wide assortment of goods;… …   Wikipedia

  • discount store — Synonyms and related words: boutique, chain store, co op, concession, cooperative, countinghouse, country store, department store, dime store, discount house, emporium, establishment, five and ten, general store, house, magasin, mail order house …   Moby Thesaurus

  • discount store — noun a sales outlet offering goods at a discounted price • Syn: ↑discount house, ↑discounter, ↑wholesale house • Derivationally related forms: ↑discount (for: ↑discounter) …   Useful english dictionary

  • discount store — noun A type of department store which sell products at prices lower than those asked by other department stores. Syn: discount department store …   Wiktionary

  • discount store — n. store or sales outlet that sells merchandise at discounted prices; store that sells products at low prices …   English contemporary dictionary

  • discount store — / dɪskaυnt stɔ:/ noun a shop which specialises in cheap goods bought at a high discount …   Marketing dictionary in english

  • discount store — / dɪskaυnt stɔ:/ noun a shop which specialises in cheap goods bought at a high discount …   Dictionary of banking and finance

  • discount store — noun a shop that sells goods at less than the normal retail price …   English new terms dictionary

  • discount store — A retail organization that regularly sells standard merchandise (national brands) at lower prices than supermarkets, etc. , by accepting lower margins and selling a higher volume. In the UK, several major grocery retailers operate in this way …   Big dictionary of business and management

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