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What is a departmental store?

Answer:

Ans.     Departmental Stores: "A departmental store is that type of retail institution which handles a wide variety of merchandise under one roof with the merchandise grouped into well-defined departments which are centrally controlled."

"A departmental store is a large retail establishment having in the same building a number of departments each of which confines its activities to one particular branch of trade and forms a complete unit in itself."

"A departmental store carries several product lines, typically clothing, home furnishings, and household goods, where each line is operated as a separate department managed by specialist buyers or merchandisers."

Features of a departmental store are given below:

1. Central location

2. Provision of services

3. Corporate status

4. Elimination of middlemen

5. Centralised purchasing

6. Large variety of goods