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

Prestige Pricing

A pricing strategy where products are priced at a premium to signal superior quality and status,

Product Listings

A product listing is an item’s entry in the broader catalog of an eCommerce website, designed

Forward Buying

Refers to the purchase of goods in quantities greater than immediately needed, with the intent to