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What is a departmental store?

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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

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