Club

Club

Also called a warehouse club, it is a membership-based retail outlet offering a wide selection of bulk-sized grocery products, and general merchandise at reduced prices in a no-frills, warehouse-like setting.

Customers can fulfill most of their weekly shopping needs in one visit, benefiting from the economies of scale.

Related Terms

Cross Merchandising

Also known as secondary product placement, it is a retail strategy that places complementary products together

High-Low Pricing

A strategy where a company sets an initial high price for a product and later reduces

Gross Margin

The difference between the revenue generated from sales and the cost of goods sold, expressed as