CHAINSTORE

Chain store

Chain stores are retail outlets that share a brand and central management, and usually have standardized business methods and practices. Before considered a chain, stores must meet a litmus test; it must have more than 10 units under the same brand and have a central headquarters, otherwise it offers franchise contracts or is publicly traded.These characteristics also apply to chain restaurants and some service-oriented chain businesses. In retail, dining, and many service categories, chain businesses have come to dominate the market in many parts of the world. A franchise retail establishment is one form of chain store.

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chain store

Noun

  1. A retail outlet that is one of a group of similar establishments having common format, contents, ownership and management.


The above text is a snippet from Wiktionary: chain store
and as such is available under the Creative Commons Attribution/Share-Alike License.

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