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

Just in time inventory

An inventory management that is focused on optimizing inventory levels by receiving raw materials and components

Brand positioning

Refers to the unique offering or key differentiations of the brand’s products for its customers.

Customer Loyalty

Emerges when customers consistently favor a brand over its competitors, leading to repeat purchases and a