Is Lowes a category killer?
We continue our taxonomy of law firms with a term I've borrowed shamelessly from the retail industry, “Category Killers.” In retail, these have traditionally been Big Box stores with exhaustive inventory and wickedly competitive prices on one deep “vertical” category of merchandise: Home Depot and Lowe's.
Chains such as Barnes & Noble, Best Buy, CompUSA, Linens 'n Things, Toys "R" Us and Staples are considered category killers. Once typically found in power centers, increasingly they are found in or adjacent to (as an outbuilding of) repurposed traditional malls.
Wal-Mart is a classic example of a category killer. By being cheaper, bigger, more convenient, and more well-known, it has an advantage over smaller stores and specialty stores. A wide selection of merchandise is a common characteristic of a category killer.
Category killer as a concept has thrived in the international market. Best Buy (electronics), PetsMart (pet products), Office Depot (stationary) and Home Depot are prime examples of leading category killers.
A category killer is a large retail store that has a wide product selection and attractive prices. It dominates other stores in the same product category and drives rivals out of the market.
Online Category Killers
E-commerce giant Amazon could be considered an online category killer.
PetSmart in the USA is a category killer in pet products, including live pets; it has already spawned imitators in the UK (Pet City) and France (Mille Amis).
A category killer is a large retail chain superstore that dominates its product category and puts less productive and highly specialized merchants out of business.
In summary, just as category killers led to the demise of mom-and-pop shops, e-tailers are leading to the death of the big-box category killer.
This larger scale also comes with higher marketing budgets and higher brand magnetism. Bed Bath & Beyond is a category killer in the home goods arena. Wal-Mart dominates the discount space.
What is the difference between category killer and Speciality store?
If speciality stores focuses on premium brands, category killers stock an entire range of products across the price range in the particular category.
Since they are category specialists, they can use their buying power to negotiate lower prices, excellent terms and assured timely supply. They can thus manage to offer such low prices that can virtually kill a category of merchandise for other retailers. Therefore, they are also known as category killers.
Definition of hypermarket
: a very large store that carries products found in a supermarket as well as merchandise commonly found in department stores.
Why do some customers say they dislike supercenters? They are too crowded.
Full-line discount stores, such as Walmart, K-mart, and Target, carry the full range of products that might be found in a department store plus some items that might not like electronics, gardening supplies, and auto accessories. These stores cover large footprints with large stock areas.
category killer. A discount retailer that offers a narrow but deep assortment of merchandise in a category and thus dominates the category from the customers' perspective. Also called a category specialist.
discount store, in merchandising, a retail store that sells products at prices lower than those asked by traditional retail outlets. Some discount stores are similar to department stores in that they offer a wide assortment of goods; indeed, some are called discount department stores.
Figure 15.5 of the text describes a category killer as a store that sells a huge variety of one type of product to dominate that category of goods. Office Depot is given as an example.
- 6pm.com. Some people love Zappos, but I personally prefer their sister site, 6pm.com. ...
- Bluefly. If high-end designer fashions for less are what you seek, Bluefly should be one of your first shopping destinations. ...
- Burlington Coat Factory. ...
- DSW. ...
- Last Call. ...
- Nordstrom Rack. ...
- Saks Off 5th. ...
- Stein Mart.
Shares of Bed Bath & Beyond (BBBY) fell about 1% Wednesday. The retailer blamed the drop on a mix of challenges that have cooled momentum at its stores, including products stuck at ports and ongoing supply chain holdups that created shortages of key items.
What does it mean to be a killer in business?
Killers are just as ruthless with themselves. They're willing to achieve what they want at all costs, even if it means sacrificing health and love, it's why they win. In baseball and in business, there are three types of people. Those who make it happen, those who watch it happen, and those who wonder what happened. -
The off-price retail model relies on the purchase of over-produced, or excess, branded goods at a lower price, thus being able to sell to consumers at a discount compared to other stores which purchased an initial run.
Furniture stores, florists, sporting-goods stores, and bookstores are all specialty stores. Stores such as The Athlete's Foot (sports shoes only) and DXL Big + Tall (clothing for large and tall…
- Grocery/Supermarket. Grocery stores and supermarkets provide a general range of food products. ...
- Convenience Store. ...
- Big Box/Superstore. ...
- Specialty Store. ...
- Department Store. ...
- Discount Store. ...
- Off-Price Retailer. ...
- Warehouse.
Extreme value retailers are those that specifically limit services, such as customer service and product variety, in order to keep the prices of their products low. These retailers typically target low income consumers.
The Category Specialist will administer procurement activities from development and implementation of the sourcing strategy to execution of the contract, which includes identifying agency needs, drafting solicitations, executing procurements, managing and leading the state evaluation process and conducting negotiations ...
The risk in this strategy comes when unexpected items are included in the assortment that confuse shoppers. When this occurs, it can detract from the shopper's experience and tarnish the retailer's brand image.
Victoria's Secret is an American lingerie, clothing, and beauty retailer known for high visibility marketing and branding, starting with a popular catalog and followed by an annual fashion show with supermodels dubbed Angels.
Size of Hypermarkets and Supermarkets
Supermarkets are considered to be larger shopping outlets that sell a variety of goods to their customers under one roof. Their size is influenced by the fact that they offer many types of a specific product which ends up increasing the number of shelves.
...
Target Corporation.
| Target headquarters, Target Plaza, in Minneapolis | |
|---|---|
| Founded | June 24, 1902 (corporation) January 5, 1962 (store) |
Which stores are referred to as hypermarkets?
A hypermarket is a retail store that combines a department store and a grocery supermarket. Often a very large establishment, hypermarkets offer a wide variety of products such as appliances, clothing, and groceries.
The key to retail is finding the right fit between your values and the company's mission. Needless to say, a career in retail can be tough work. It takes patience, diligence, and depending on your shift, a lot of caffeine. But there's light at the end of the tunnel, really.
You are getting great customer service experience! Customer service in some form is a part of almost every job out there. If you find yourself working as a salesperson making commission this is even better! The ability to sell products is a great skill to have for many professions.
- You never talk with your customers anymore. ...
- You're always searching for “better” customers. ...
- Suspend the search. ...
- Find your interest. ...
- Get out of your office. ...
- Build a culture of like. ...
- Teach customer love.
False, Wal-Mart is a full-line discount store. Walmart is classified as an off-price retailer.
A big-box retailer is a retail store that occupies an enormous amount of physical space and offers a variety of products to its customers. These stores achieve economies of scale by focusing on large sales volumes.
Discount retailers:
Discount stores are a category of retail stores where retailers sell merchandise at a discounted price.
Wal-Mart is a classic example of a category killer. By being cheaper, bigger, more convenient, and more well-known, it has an advantage over smaller stores and specialty stores. A wide selection of merchandise is a common characteristic of a category killer.
The major types of retail organizations are corporate chains, voluntary chains and retailer cooperatives, consumer cooperatives, franchise organizations, and merchandising…
Drug stores are specialty stores that concentrate on health and personal grooming merchandise.
Who is called a category killer?
A category killer is a large retail chain superstore that dominates its product category and puts less productive and highly specialized merchants out of business.
category killer. A discount retailer that offers a narrow but deep assortment of merchandise in a category and thus dominates the category from the customers' perspective. Also called a category specialist.
This larger scale also comes with higher marketing budgets and higher brand magnetism. Bed Bath & Beyond is a category killer in the home goods arena. Wal-Mart dominates the discount space.
Since they are category specialists, they can use their buying power to negotiate lower prices, excellent terms and assured timely supply. They can thus manage to offer such low prices that can virtually kill a category of merchandise for other retailers. Therefore, they are also known as category killers.
In summary, just as category killers led to the demise of mom-and-pop shops, e-tailers are leading to the death of the big-box category killer.
If speciality stores focuses on premium brands, category killers stock an entire range of products across the price range in the particular category.
discount store, in merchandising, a retail store that sells products at prices lower than those asked by traditional retail outlets. Some discount stores are similar to department stores in that they offer a wide assortment of goods; indeed, some are called discount department stores.
The major types of retail organizations are corporate chains, voluntary chains and retailer cooperatives, consumer cooperatives, franchise organizations, and merchandising…
Drug stores are specialty stores that concentrate on health and personal grooming merchandise.
-Specialty stores carry narrow product lines with deep assortments within those lines. -Convenience stores are small stores that carry a limited line of high-turnover convenience goods.
Why did Bed Bath and Beyond fail?
Shares of Bed Bath & Beyond (BBBY) fell about 1% Wednesday. The retailer blamed the drop on a mix of challenges that have cooled momentum at its stores, including products stuck at ports and ongoing supply chain holdups that created shortages of key items.
Why do some customers say they dislike supercenters? They are too crowded.
Killers are just as ruthless with themselves. They're willing to achieve what they want at all costs, even if it means sacrificing health and love, it's why they win. In baseball and in business, there are three types of people. Those who make it happen, those who watch it happen, and those who wonder what happened. -
The Category Specialist will administer procurement activities from development and implementation of the sourcing strategy to execution of the contract, which includes identifying agency needs, drafting solicitations, executing procurements, managing and leading the state evaluation process and conducting negotiations ...
Definition of hypermarket
: a very large store that carries products found in a supermarket as well as merchandise commonly found in department stores.
Full-line discount stores, such as Walmart, K-mart, and Target, carry the full range of products that might be found in a department store plus some items that might not like electronics, gardening supplies, and auto accessories. These stores cover large footprints with large stock areas.
