Distinguish between department stores and chain stores.
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Definition of a Department Store
A department store is typically a large retail establishment that offers a wide variety of merchandise organized into separate departments. Merchandise featured in department stores is generally clothing for men, women and children; jewelry and accessories like handbags, belts and scarves; shoes; and cosmetics. Some department stores carry small appliances for the home, electronics, sports equipment, toys and furniture. Many department stores are part of a retail chain with stores in multiple locations.
Definition of Chain Stores
Chain stores are retail outlets in multiple locations that share a brand and central management. They usually feature standardized business methods. Some chain stores are branches owned by one company, while others are franchises owned individually. Some features common to chain stores include centralized marketing and purchasing, resulting in lowered cost to the consumer and higher profit for the store.
A department store is typically a large retail establishment that offers a wide variety of merchandise organized into separate departments. Merchandise featured in department stores is generally clothing for men, women and children; jewelry and accessories like handbags, belts and scarves; shoes; and cosmetics. Some department stores carry small appliances for the home, electronics, sports equipment, toys and furniture. Many department stores are part of a retail chain with stores in multiple locations.
Definition of Chain Stores
Chain stores are retail outlets in multiple locations that share a brand and central management. They usually feature standardized business methods. Some chain stores are branches owned by one company, while others are franchises owned individually. Some features common to chain stores include centralized marketing and purchasing, resulting in lowered cost to the consumer and higher profit for the store.
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