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

Markdown Pricing

A pricing strategy where retailers lower the prices of products to boost sales and manage inventory

Blocking

Also called facing, zoning or fronting, a retail merchandizing concept where all products of the same

Market Basket Analysis

A data mining tool used to identify patterns of items frequently purchased together by analyzing transaction