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Price Tag
A price tag is a label declaring the price of an item for sale. It may be a sticker or attached by twist tie or other means. Some jurisdictions require items (possibly exceptions for bulk good and produce) to be individually marked with the price, or have shelf tags or barcode scanners available so customers can determine prices without consulting store staff. In some cases, unit price is also required. Some jurisdictions also outlaw price discrimination except for different quantities (e.g. Discounts and allowances, quantity discounts are allowed) or different types of customers (e.g. individuals vs. organizations that might be expected to buy in bulk or have better creditworthiness). For example, the 1936 Robinson–Patman Act outlaws this practice in the United States. Many price tags also bear the name of the store. History Before the late 19th century, in most cases, retail goods did not have a fixed price, and each customer would be expected to Bargaining, haggle wi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Retail
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is the sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a long history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar and online retailing. Digital technologies are also affecting the way that consumers pay for goods and services. Retailing support services may also include the pro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Retailing Equipment And Supplies
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is the sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a long history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar and online retailing. Digital technologies are also affecting the way that consumers pay for goods and services. Retailing support services may also include the provisi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dynamic Pricing
Dynamic pricing, also referred to as surge pricing, demand pricing, or time-based pricing, and variable pricing, is a revenue management pricing strategy in which businesses set flexible prices for products or services based on current market demands. It usually entails raising prices during periods of peak demand and lowering prices during periods of low demand. As a pricing strategy, it encourages consumers to make purchases during periods of low demand (such as buying tickets well in advance of an event or buying meals outside of lunch and dinner rushes) and disincentivizes them during periods of high demand (such as using less electricity during peak electricity hours). In some sectors, economists have characterized dynamic pricing as having welfare improvements over uniform pricing and contributing to more optimal allocation of limited resources. Its usage often stirs public controversy, as people frequently think of it as price gouging. Businesses are able to change price ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Piggly Wiggly
Piggly Wiggly is an American supermarket chain operating in the American Southern and Midwestern regions run by Piggly Wiggly, LLC, an affiliate of C&S Wholesale Grocers. Its first outlet opened in 1916 in Memphis, Tennessee, and is notable as the first true self-service grocery store, and the originator of various familiar supermarket features, such as checkout stands and individual item price marking. It is currently headquartered in Keene, New Hampshire, although no Piggly Wiggly-branded stores operate in that state. As of 2024, 503 independently owned Piggly Wiggly stores currently operate across 18 states, primarily in smaller cities and towns. History Piggly Wiggly was the first self-service grocery store. It was founded by Clarence Saunders on September 6, 1916 (although it did not open until five days later due to delays in construction), at 79 Jefferson Avenue in Memphis, Tennessee. A replica of the original store has been constructed in the Memphis Pink Palace ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rowland Hussey Macy
Rowland Hussey Macy Sr. (August 30, 1822 – March 29, 1877) was an American businessman who founded the department store chain Macy's. Life and career Macy was the fourth of six children born to a Quaker family on Nantucket Island, Massachusetts. At the age of fifteen, he worked on the whaleship ''Emily Morgan'' and had a red star tattooed on either his hand or his forearm (various versions as to the exact location of the marking have been reported). He married Louisa Houghton (1820–1888) in 1844, and had three children: Charles A. Macy (1845–1846); Rowland Hussey Macy Jr. (1847–1878); and Florence Macy (1853–1933), who married James F. Sutton. He and his brother, Charles, opened a dry goods store in Marysville, California, shortly after the city was founded at the height of the Gold Rush in 1850. Charles stayed in Marysville after the store failed, but Rowland headed east. Between 1843 and 1855, Macy opened four retail dry goods stores, including the original Macy's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Macy's
Macy's is an American department store chain founded in 1858 by Rowland Hussey Macy. The first store was located in Manhattan on Sixth Avenue between 13th and 14th Streets, south of the present-day flagship store at Herald Square on West 34th Street that opened in 1902. It expanded beyond the New York metropolitan area by acquisitions and conversions of regional department stores, facilitated by the purchase of Macy's by Federated Department Stores in 1994. It achieved a national footprint with the acquisition of The May Department Stores Company by Federated in 2005, which resulted in the conversion of its department stores to Macy's in 2006 and the renaming of Federated to Macy's, Inc. in 2007. Macy's is also a sister brand to the Bloomingdale's luxury department store chain and Bluemercury beauty store chain. Macy's is the largest department store company by retail sales in the United States, with 94,000 employees and an annual revenue of $25.3 billion . It operates ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wanamaker's
Wanamaker's was an American department store chain founded in 1861 by John Wanamaker. It was one of the first department stores in the United States, and peaked at 16 locations along the Delaware Valley in the 20th century. Wanamaker's was purchased by A. Alfred Taubman, who previously purchased the Washington, D.C. department store Woodward & Lothrop, in 1986. The store was acquired from bankruptcy by The May Department Stores Company in 1994, and converted all remaining Wanamaker's stores to Hecht's in 1995. Wanamaker's was influential in the development of the retail industry including as the first store to use price tags. History 19th century John Wanamaker was born in Philadelphia, Pennsylvania, in 1838. Due to a persistent cough, he was unable to join the U.S. Army to fight in the American Civil War, so instead started a career in business. In 1861, he and his brother-in-law Nathan Brown founded a men's clothing store in Philadelphia called Oak Hall. Wanamake ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Wanamaker
John Wanamaker (July 11, 1838December 12, 1922) was an American merchant and religious, civic and political figure, considered by some to be a proponent of advertising and a "pioneer in marketing". He served as United States Postmaster General in the Benjamin Harrison administration from 1889 to 1893. Early life and education Wanamaker was born in the Grays Ferry section of South Philadelphia on July 11, 1838. to John Nelson Wanamaker, a brickmaker and native of Kingwood, New Jersey, and Elizabeth Deshong Kochersperger, daughter of a farmer and innkeeper in Gray's Ferry. His mother's ancestors came from Rittershoffen in Alsace, France, and from Canton of Bern in Switzerland. Career At the age of 19, Wanamaker was hired by the Philadelphia YMCA, and served as the first corresponding secretary in the YMCA national organization. Department store business In 1861, Wanamaker opened his first store in partnership with his brother in-law Nathan Brown. The store, called "Oa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quaker
Quakers are people who belong to the Religious Society of Friends, a historically Protestant Christian set of denominations. Members refer to each other as Friends after in the Bible, and originally, others referred to them as Quakers because the founder of the movement, George Fox, told a judge to "quake before the authority of God". The Friends are generally united by a belief in each human's ability to be guided by the inward light to "make the witness of God" known to everyone. Quakers have traditionally professed a priesthood of all believers inspired by the First Epistle of Peter. They include those with evangelical, holiness, liberal, and traditional Quaker understandings of Christianity, as well as Nontheist Quakers. To differing extents, the Friends avoid creeds and hierarchical structures. In 2017, there were an estimated 377,557 adult Quakers, 49% of them in Africa followed by 22% in North America. Some 89% of Quakers worldwide belong to ''evangelical'' a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bargaining
In the social sciences, bargaining or haggling is a type of negotiation in which the buyer and seller of a Goods and services, good or service debate the price or nature of a Financial transaction, transaction. If the bargaining produces agreement on terms, the transaction takes place. It is often commonplace in poorer countries, or poorer localities within any specific country. Haggling can mostly be seen within street markets worldwide, wherein there remains no guarantee of the origin and authenticity of available products. Many people attribute it as a skill, but there remains no guarantee that the price put forth by the buyer would be acknowledged by the seller, resulting in losses of Profit (economics), profit and even Inventory turnover, turnover in some cases. A growth in the country's Per capita income, GDP Per Capita Income is bound to reduce both the ill-effects of bargaining and the unscrupulous practices undertaken by vendors at street markets. Although the most app ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
