Convenience

Convenience

A small-format retail outlet that offers a limited selection of basic and immediate consumption items, such as packaged foods and drugstore products.

It operates long hours for shopper convenience, catering to quick and essential purchases.

Related Terms

Club

Also called a warehouse club, it is a membership-based retail outlet offering a wide selection of

Out of stock (OOS)

A situation occurs when a product that is supposed to be available for sale is completely

Market Share

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