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

Category Buyer

The person is responsible for assisting the procurement manager and category team in implementing procurement and

Incremental Revenue

Represents the additional profit generated by a business as a result of increased sales volume. It