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look around your residential area and find out different types of retail store. Develop table as shown below and write local example in third column

look around your residential area and find out different types of retail store. Develop table as shown below and write local example in third column

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Type Description Examples Specialty store A store that carries a narrow product line with a deep assortment, such REI, Sunglass Hut, Sephora, as apparel stores, sporting-goods stores, furniture stores, florists, and Williams-Sonoma bookstores. Department store A store that carries several product lines-typically clothing, home Macy's, Sears, Neiman Marcus furnishings, and household goods-with each line operated as a separate department managed by specialist buyers or merchandisers. Supermarket A relatively large, low-cost, low-margin, high-volume, self-service Kroger, Safeway, SuperValu, Publix operation designed to serve the consumer's total needs for grocery and household products. Convenience store A relatively small store located near residential areas, open long 7-Eleven, Stop-N-Go, Circle K, hours seven days a week, and carrying a limited line of high-turnover Sheetz convenience products at slightly higher prices. Discount store A store that carries standard merchandise sold at lower prices with Walmart, Target, Kohl's lower margins and higher volumes. Off-price retailer A store that sells merchandise bought at less-than-regular wholesale Mikasa (factory outlet); TJ Maxx prices and sold at less than retail. These include factory outlets (independent off-price retailer); owned and operated by manufacturers; independent off-price retailers Costco, Sam's Club, BJ's owned and run by entrepreneurs or by divisions of larger retail corpora- (warehouse clubs) tions; and warehouse (or wholesale) clubs selling a limited selection of goods at deep discounts to consumers who pay membership fees. Superstore A very large store that meets consumers' total needs for routinely pur- Walmart Supercenter, SuperTarget, chased food and nonfood items. This includes supercenters, combined Meijer (discount stores); Best Buy, supermarket and discount stores, and category killers, which carry a PetSmart, Staples, Bed Bath & deep assortment in a particular category. Beyond (category killers)

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