Click here to study/print these flashcards. Create your own flash cards! North American Industry Classification System (NAICS) collects data on business activity in each country. the number of merchandise categories a retailer offers. Also known as breadth of merchandise(Walmart has a large number of different products) the number of different items offered in a merchandise category. Also known as depth of merchandise(Hyvee has a large number of items in a category) Each different item of merchandise a large, self-service retail food store offering groceries, meat and produce, as well as some nonfood items, such as health and beauty aids and general merchandise. limited-assortment supermarkets (Extreme-Value food retailers) only stock about 2,000 sku Offer one or two brands and sizesDesigned to maximize efficiency and reduce costsOffer merchandise at 40-60% lower prices than conventional supermarketsSave-A-Lot, ALDI (Germany) the areas around the outer walls of a supermarket.

(Dairy, bakery, meat, florist, produce, deli and coffee bar the practice of purchasing from factories that pay workers a living wage, considerably more than the prevailing minimum wage, and offer other benefits such as onsite medical treatment focuses on reducing the carbon footprint caused by the transportation of food throughout the world -Offer a limited and irregular assortment of food and general merchandise with little service at low prices-Use low cost locations, inexpensive store design, little customer service-Low inventory holding costs by carrying a limited assortment of fast selling itemsoutdoor christmas decorations dobbies End of season merchandise that will not be used in following seasonstj maxx home goods kennesaw ga

merchandise that has minor mistakes in construction firms that primarily sell services rather than merchandise, are a large and growing part of the retail industry wholesale-sponsored voluntary cooperative group an organization operated by wholesaler offering a merchandising program to small, independent retailers on a voluntary basis a contractual agreement between a franchisor and a franchisee that allows the franchisee to operate a retail outlet using a name and format developed and supported by the franchisorbest sugar cookie recipe kittencal Mom and Pop StoresConvenience StoresSupermarketsSupercenterstai pan trading wholesale home decor Department StoresSpecialty StoresDiscount StoresCategory SpecialistsOff-Price RetailersWarehouse ClubsValue Retailerswalmart rust oleum glow in the dark paint

The fastest growing retail categoryLarge stores (150,000 – 220,000 square feet) that combine a supermarket with a full-line discount storeOne-stop shopping experienceWalMart is now the largest food retailer Tier one (department stores) Upscale, high fashion chains with exclusive designer merchandise and excellent customer service Nordstrom, Neiman Marcus, Saks Tier two (Department Stores) Retailers sell more modestly priced merchandise with less customer service Macy’s, Dillardswedding decoration hire paphos Tier three (Department stores) Value oriented caters to more price conscious customer JCPenney, Sears, Kohl’s To deal with eroding market share, department stores are: -Attempting to increase the amount of exclusive merchandise they sell-Undertaking marketing campaigns to develop strong images for their stores and brands-Building better relationships with their key customers (technology based)

Deep and Narrow AssortmentsDestination Stores“Category Killers” or “Big Box” StoresLow Price and Service…usuallyWholesaling to Business Customers and Retailing to ConsumersIncredible Growth….Best ROA Offer an inconsistent assortment of brand name merchandise at low pricesTJX companies (T.J. Maxx, Marshalls. HomeGoods)Ross Stores, Burlington Coat Factory, Big Lots, Tuesday Morning Services vs Merchandise retailers Intangibility, simultaneous production and delivery, perishability, inconsistency of the offering Independent - single store establishment -Wholesale supply-sponsored voluntary groupCorporate (Target)Franchise Truck & Tool Rental The Home Depot Logo DIY Projects & Ideas Flooring & Area Rugs Lighting & Ceiling FansWho is open Thanksgiving 2016? Hours for Walmart, Target, Best Buy and more If you just can't wait for Black Friday deals, you're in luck. A host of stores, including major retailers such as Walmart, Target and Best Buy, will open their doors on Thanksgiving for special sales and deals.

Belk's - Opens 6 p.m. Kmart - 7 p.m. overnight to 2 p.m. Friday (still waiting on potential early morning hours) Target - 6 p.m. overnight to 10 p.m., 11 p.m., or Midnight on Black Friday (varies by location) Walmart - Walmart stores will be open regular hours on Thanksgiving. Thanksgiving/Black Friday sales start at 6 p.m HomeGoods (Allow employees to spend time with family) T.J. Maxx (Allow employees to spend time with family) Located at the intersection of SW 137th Ave. & SW 120th St. in West Kendall, 1.5 miles west of the FL Turnpike A 299,182 SF multi-use property with 238,438 SF of retail space and 60,744 SF of office space including Miami Children’s Hospital Available: Ranging from 1,500 SF up to 5,000 SF with excellent visibility to SW 137th Ave. Anchored by: Ross Dress for Less, TJ Maxx, HomeGoods, and Party City, adjacent to a 150,535 SF Costco Traffic counts of 50,000+ cars on SW 137th Ave. and 39,000+ cars on SW 120th St.