A group of noncompeting retail stores throughout the United States whose association affords an economic advantage in large-scale purchasing.
A bargain basement is a retail location within a main store, typically situated in the basement, where discounted merchandise is sold. Originally, the purpose was to move unsold merchandise, but the term has been adopted by retailers exclusively dealing in discounted goods.
The Manufacturer's Suggested Retail Price (MSRP) is the price that a product's producer recommends it be sold for in retail stores. The MSRP is not mandatory, meaning sellers can choose to sell the product at prices above or below the MSRP, but it is a common practice for ensuring standardized pricing across different retail locations.
A shopping center is a collection of retail stores organized around a common parking area and often featuring key large stores, such as department stores, discount stores, or food stores. This term can also include enclosed malls or walkways.
