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

Buying Rate

It is the average quantity or value of a product purchased by a single household within

Excess Inventory

Also referred to as surplus inventory, denotes the surplus stock held by a company beyond what