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

Average Price

Weighted average of actual price and promoted price for an item. It does not take into

Markdown Pricing

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

Velocity Analysis

A method of analyzing sales data to identify products with high sales velocity. Velocity analysis helps