Search results
Results From The WOW.Com Content Network
Huff model. In spatial analysis, the Huff model is a widely used tool for predicting the probability of a consumer visiting a site, as a function of the distance of the site, its attractiveness, and the relative attractiveness of alternatives. It was formulated by David Huff in 1963. [1]
Retail format. The retail format (also known as the retail formula) influences the consumer's store choice and addresses the consumer's expectations. At its most basic level, a retail format is a simple marketplace, that is; a location where goods and services are exchanged. In some parts of the world, the retail sector is still dominated by ...
Little's law. In mathematical queueing theory, Little's law (also result, theorem, lemma, or formula [1] [2]) is a theorem by John Little which states that the long-term average number L of customers in a stationary system is equal to the long-term average effective arrival rate λ multiplied by the average time W that a customer spends in the ...
But as a consumer you can tell the difference between retail products and outlet mall products. At Banana Republic, specifically made for its outlet stores you will find two diamonds on the label.
Chain store. A chain store or retail chain is a retail outlet in which several locations share a brand, central management and standardized business practices. They have come to dominate the retail and dining markets and many service categories, in many parts of the world. A franchise retail establishment is one form of a chain store.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
Same-store sales is a business term that refers to the difference in revenue generated by a retail chain's existing outlets over a certain period (often a fiscal quarter or a particular shopping season), compared to an identical period in the past, usually in the previous year. [1] By comparing sales data from existing outlets that is, by ...
Sari-sari store. A sari-sari store, anglicized as neighborhood sundry store, [1] is a convenience store found in the Philippines. The word sari-sari is Tagalog meaning "variety" or "sundry". Such stores occupy an important economic and social location in a Filipino community and are ubiquitous in neighborhoods and along streets.