There are numerous types of operations within this retail classification. Although, their model stocks differ from one another in terms of products and price points, their overall philosophies are the same.
1. Merchandise Generalists
When one goes value shopping for a variety of family needs, he or she often heads to stores like Target, Walmart, and Kmart, now a part of Sear Holdings since they merged with Sears. In those premises one is able to purchase anything to satisfy both personal and household needs. Whether it is clothing, shoes, jewelry, small appliances, house wares, electronics, or even garden products, the assortments are there for the purchasing. Just as in the traditional chains and department stores, there are separate departments that enable shoppers to find what they are ready to purchase more easily. The different sections are clearly marked, making shopping a pleasurable adventure.
2. Specialty Discounters
With specialization the key to success for many traditional chain organizations, the discounters have followed suit by opening retail chains that parallel the traditionalists, but offer discounts on all of their merchandise. The different types of specialty stores include electronics discounters such as Best Buy, furniture giants such as Rooms To Go, house wares and home furnishing companies such as Linens ’and Things and Bed Bath & Beyond, toy merchants such as Toys A Us, and home improvement centers headed by Home Depot and Lowe’s.
Specialty stores also offer well-known products at prices that are typically lower than the traditional retail organizations.
3. Warehouse Operations
Somewhere between the merchandise generalists and the specialty discounters are the warehouse operations. The former group sells a variety of hard goods and soft goods and the latter restricts its offerings to one major classification of merchandise.
The most successful of these warehouse companies merchandises primarily a wide assortment of food products that include everything from packaged staples to fresh produce. Along with these “bread and butter items” is a comparatively small selection of high-volume clothing articles, linens, electronics, cameras, office supplies, and pharmaceuticals.
Unlike their discount counterparts, these organizations do not allow free access to their premises. Consumers must pay an annual fee in order to avail themselves of the bargains that await them. While such an arrangement might seem unusual, the success of companies like Costco, Sam’s, and BJ’s indicates its wide acceptance by the public.