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27 Cards in this Set
- Front
- Back
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Big Boxes |
A concept for a store that presents a large selection of goods in a selling space oversized for its merchandise category |
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Discount Store |
a departmentalized retail store using many self-service techniques to sell its goods. |
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Global sourcing |
the process of shopping for and purchasing imported goods. |
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import |
when a country buys goods from a foreign country |
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lifestyle center |
open air shopping areas anchored by a multiplex cinema and a big bookstore |
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Import quotas |
limits set to restrict the number of specific goods entering a country |
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Market Week |
scheduled periods throughout the year during which producers and their sales representatives introduce new lines for the upcoming season to retail buyers |
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shopping center |
a coordinated group of retail stores, plus a parking area. |
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regional mall |
an indoor shopping center with a trading area of at least two anchor department stores, as well as many specialty stores and a food court or restaurants |
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narrow and deep |
one in which there are relatively few styles, but these styles are stocked in all available sizes and colors |
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DDepartment Store. |
a store that employs twenty five or more people and sell general lines of merchandise in each of these three categories 1. home furnishing 2. household goods and dry goods and 3. apparel and accessories for the entire family |
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NAFTA |
North American Free Trade Agreement; an agreement that eliminates quotas and tariffs for goods shipped between Canada and the United States, and Mexico |
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Factory OUtlet Store |
manufacturer owned store that sells company products at reduced prices in austere surroundings with minimum services |
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Foreign Market |
markets outside the domestic market; for example, to businesses in the USA, France is a foreign market |
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Trade Show |
periodic merchandise exhibits staged in various regional trading areas around the country by groups of producers and their sales representatives |
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Franchise |
a contract in which a firm or individual buys the rights to a retail business within a specified trading area under a franchiser's registered or trademarked name. |
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haute couture |
the French term literally meaning "fine sewing" but actually having much the same sense as our term "high fashion" |
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Assortment |
the range of stock a retailer features |
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pret a porter |
French term meaning ready to wear |
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power strip center |
an outdoor shopping center that offers three or four category killers together |
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kiosk |
a stand that offers shelves or racks for merchandise |
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pop up stores a |
a promotion in which an empty retail location in a major city or mall opens for a few days to sell a specific product and then disappears |
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superregional mall |
larger than a regional mall often consisting of up to one million square feet with at least three department or major chain stores and one hundred to three hundred specialty stores |
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broad and shallow assortment |
a store that offer may different styles in limited sizes and colors |
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Evolution of department stores: |
60's & 70's- they anchored malls but in the turbulent 80's department stores failed all across the country; over expansion 90's - they came back strong 2000's - specialty stores and category killers began to occupy a large percentage of retail space. |
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Why department stores and specialty stores are still viable: |
Department stores typically serve a larger portion of the community than other stores and often offer a variety of quality and price ranges. a deaprtmnet store usually offers a category of apparel at several different price points. specialty stores apparel at several different price points. |
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The five stages of the fashion cycle and their retailers |
innovators - tory burch rise- Nordstrom columniation - jcp fall- target obsclence- Walmart |
