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

Customer Loyalty

Emerges when customers consistently favor a brand over its competitors, leading to repeat purchases and a