Department Stores/ Malls

Department stores and retail institutions sell a wide variety of goods. These usually consist of ready-to-wear apparel and accessories for adults and children, yard goods and textiles, small household wares, furniture, electrical appliances and accessories, and food.

What is the importance of department stores?

The main advantages of a departmental store are (1) Economy of Bulk Purchases, (2) Providing a Variety of Products, (3) Convenience of Choice, (4) Economy in Advertising, (5) Centrally Located, (6) Providing Amenities to Customers (7) Employing Experts and (8) Lesser Selling price.

The various types of departmental stores include

• Discount Stores.
• Off Price Stores.
• Outlet Stores.
• Junior Departmental Stores.
• Category Specific Stores.
• Warehouse Stores