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

Market Share

Represents the portion of an industry’s total sales that is accounted for by a specific company

Assortment

The variety of products that a retailer offers for sale to meet the diverse preferences and