Glossary /


Refers to a retail outlet that specializes in selling a wide range of general merchandise and grocery products, often in smaller packages, at low price points.

While historically associated with items priced at a dollar, these stores now frequently offer products at various discounted prices, not strictly limited to a single dollar value.

Related Terms

Prestige Pricing

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

Gross Margin

The difference between the revenue generated from sales and the cost of goods sold, expressed as

Loyalty program

A initiative by a company to incentivize repeat purchases and customer loyalty by offering rewards, discounts,