Retailing Management - Chapter 8: Retail Locations

Flashcards covering key vocabulary related to retail locations, including types of retail locations, and their characteristics.

Unplanned Locations

Retail locations without centralized management, where no policies govern which stores can operate.

Planned Locations

Retail locations with a shopping center or manager that makes and enforces policies for store operations.

Common Area Maintenance (CAM)

Managers are responsible for maintaining shared facilities in a retail location.

Gross Leasable Area

The total floor area designated for a retailer's occupancy.

Freestanding Sites

Unplanned retail locations that offer convenience and are typically high in visibility but may have limited trade areas.

Urban Locations

Retail locations in city centers that may be affected by varying levels of foot traffic and urban conditions.

Central Business District

The downtown area of a city that draws significant foot traffic during business hours.

Shopping Center

A group of retail and commercial establishments that are planned, developed, owned, and managed as a single property.

Anchor Stores

Major stores in a shopping center that draw customers and traffic.

Lifestyle Centers

Shopping centers designed to resemble main streets with open-air configurations and amenities.

Outlet Centers

Retail locations mainly composed of manufacturers' and retailers' store outlets, typically in remote areas.

Mixed-Use Development (MXD)

Complexes that combine retail, office, residential, and recreational functions into one space.

Pop-Up Stores

Temporary retail locations that focus on new products or a limited selection of goods.

Store-within-a-Store

A retail concept where an independent retailer rents part of another retailer's space.

Merchandise Kiosks

Small retail spaces typically found in high-traffic areas like malls or airports.

Convenience Shopping

Low-effort shopping behavior where consumers seek minimal effort to obtain products.

Comparison Shopping

Shopping behavior where consumers are more involved and compare multiple options before purchasing.

Specialty Shopping

Shopping behavior where consumers have specific needs and are willing to pay a premium for desired products.