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

Base Price

Also referred to as non-promoted price, it is the average price of an item across all

Yield Management

A pricing strategy used to maximize revenue by varying prices based on demand and inventory levels.

Incremental Sales

Refers to the additional units of a product sold to retailers or consumers directly attributed to