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"Dollar store" redirects here. For Cuban shops that exchange solely in hard currency, see Dollar store (Cuba). During the period from 1993 to 2004 when the United States Dollar was legal tender in Cuba, government-owned shops that exchanged solely in Hard currency
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A variety store or price-point retailer is a retail store that sells inexpensive items, usually with a single price point for all items in the store. Price points are Prices at which Demand is relatively high In introductory Microeconomics, a Demand curve is downward sloping to the right and Typical merchandise includes cleaning supplies, toys, and candy. Cleanliness is the absence of dirt including Dust, Stains bad smells and Garbage. This article is about playthings For other uses of the term see Toy (disambiguation. Candy, specifically sugar candy, is a confection made from a concentrated solution of sugar in water to which a variety of flavorings and colorants is added "Variety store" may also refer to a convenience store, especially in Canada, the Philippines, and in northern New England in the United States. A convenience store is a small store or shop. They are often located alongside busy roads or at gas/petrol stations. Country to "Dominion of Canada" or "Canadian Federation" or anything else please read the Talk Page The Philippines ( Filipino: Pilipinas, officially known as the Republic of the Philippines (fil ''Republika ng Pilipinas'' RP

Price points

The store is usually named for the price of the merchandise sold in the store (but see below); the names vary by area and time, as each country has a different currency, and the nominal price of the goods has increased over time due to inflation. In economics inflation or price inflation is a rise in the general level of prices of goods and services over a period of time Modern names include:

100-Emon at Kohnoike Higashi Osaka-City
100-Emon at Kohnoike Higashi Osaka-City

Some variety stores are not true "single price-point" stores despite their name. |utc_offset = -2 to -4 |time_zone_DST = BRST |utc_offset_DST = -2 to -5 |cctld Portugal, officially the Portuguese Republic (República Portuguesa is a country on the Iberian Peninsula. The escudo was the Currency of Portugal prior to the introduction of the Euro on 1 January 1999 and was removed from circulation on India, officially the Republic of India (भारत गणराज्य inc-Latn Bhārat Gaṇarājya; see also other Indian languages) is a country The State of Kuwait ( دولة الكويت IPA [dawlatt̪ alkuwajt̪]) is a sovereign Arab Emirate on the coast of the Persian Gulf, enclosed The Kingdom of Saudi Arabia, KSA ( المملكة العربية السعودية, al-Mamlaka al-ʻArabiyya as-Suʻūdiyya) or Suudi The Persian Gulf, in the Southwest Asian region is an extension of the Norway ( Norwegian: Norge ( Bokmål) or Noreg ( Nynorsk) officially the Kingdom of Norway, is a Constitutional Croatia (Hrvatska ˈxȓvatska officially the Republic of Croatia ( Republika Hrvatska) is a southern Central European country at the crossroads between Russia (Россия Rossiya) or the Russian Federation ( Rossiyskaya Federatsiya) is a transcontinental Country extending The state of Bulgaria (България transliterated bg-Latn ''Balgaria'' The country preserves the traditions (in ethnic name language and alphabet of the First Bulgarian Often the name of the store, such as "dollar store", is only a suggestion, and can be misleading. Some stores that call themselves "dollar stores", such as Dollar General and Family Dollar in the United States, have items that cost more or less than a dollar. Dollar General is a chain of Variety stores operating in 35 U Family Dollar ( is a Variety store chain that has locations across the United States. Some stores also sell goods priced at multiples of the named price. The problem with the name is also compounded in some countries by sales tax, which leads to taxable items costing the customer more than a dollar. A sales tax is a Consumption tax charged at the Point of purchase for certain goods and services Some purists maintain that the phrase "dollar store", in the strict sense, should only refer to stores which sell only items that cost exactly $1.

Some stores can have prices which are not round multiples of currency, such as the "99-cent store" or "88-yen store". As inflation increases the nominative price of goods, the names of such stores must also change over time.

Products

Variety store products include cooking supplies, small tools, personal hygiene supplies, kitchen supplies, organizational supplies, small office supplies, holiday decorations, electronics supplies, gardening supplies, home decor novelties, toys, pet supplies, out of print books, DVDs and VHS tapes, food products and automotive supplies. An out-of-print book is a Book that is no longer being Published Out of print books are often Rare, and may be difficult to acquire

Some items sold at a dollar store would be a dollar or less anyway, whereas other items are a substantially better deal. There are four reasons a dollar store is able to sell merchandise at such a low price:

Some stores carry mostly new merchandise, some mostly closeout merchandise bought from other stores below regular wholesale cost. A closeout or clearance is the final Sale of an item or items to zero Inventory.

Depending upon the size, some variety stores may have a frozen food and drink section, and also one with fruits and vegetables. The Deal$ dollar tree and 99 Cents Only Store chains in the U. Deal$ is a Dollar store chain in the midwest and southeast United States. 99 Cents Only Stores ( is a Price-point retailer chain in the United States. S. are two such examples. Some stores may have a section of single price point (dollar) items combined on the same premises with a section selling larger, relatively more expensive merchandise like CD players, lamps, and silverware. The flagship store of Jack's 99 and Jack's World in New York City is an example of such a store. The City of New York Jack's 99 carries all types of items that retail for 99 cents, whereas Jack's World sells branded goods at discount prices.

History

An art gallery in Seattle's International District preserves the façade and some features of Higo Variety Store, an independent Japanese-American five and ten.
An art gallery in Seattle's International District preserves the façade and some features of Higo Variety Store, an independent Japanese-American five and ten. The International District of Seattle Washington (also known as Chinatown and the I
Kress Stores contributed fine buildings to many American downtowns. This one is in Tampa, Florida.
Kress Stores contributed fine buildings to many American downtowns. S H Kress & Co was the trading name of a chain of " Five and dime " retail Department stores in the United States, which operated from 1896 This one is in Tampa, Florida.

The concept of the variety store originated with the five and ten, or nickel and dime or dimestore, a store where everything cost either five cents (a nickel) or ten cents (a dime). The United States five- cent Coin, commonly called a nickel, is a unit of Currency equaling one-twentieth or five hundredths of a The dime is a coin worth Ten cents, or one tenth of a United States dollar. The originator of the concept may be Woolworths, which began in 1878 in Watertown, New York. The F W Woolworth Company (often referred to as Woolworth's) was a retail company that was one of the original American five-and-dime stores Year 1878 ( MDCCCLXXVIII) was a Common year starting on Tuesday (link will display the full calendar of the Gregorian calendar (or a Common Other five and tens that existed in the USA included W.T. Grant, J.J. Newberry's, McCrory's, Kresge, McClellan's, and Ben Franklin Stores. This article is about W T Grant stores for the namesake founder see William Thomas Grant W JJ Newberry's was an American Five and dime store chain in the twentieth century JG McCrory's or McCrory Stores was a chain of Five and dime stores in the United States based in York Pennsylvania. Ben Franklin Stores are a chain of Five and dime discount stores found in small towns throughout the United States. These stores originally featured merchandise priced at only five cents or ten cents, although later in the century, the price range of merchandise expanded. In Marketing, a product is anything that can be offered to a Market that might satisfy a want or need Price in Economics and Business is the result of an exchange and from that trade we assign a numerical Monetary value to a good, Inflation eventually dictated that the stores were no longer able to sell any items for five or ten cents, and were then referred to as "variety stores". Given that $0. 05 in 1913 when adjusted for inflation is $1. 02 in 2006 dollars, this retailing concept has shown remarkable vitality over the years.

Well-known five and dimes included:

Of these, only Duckwall-ALCO, and Ben Franklin continue to exist. The American Locomotive Company was also known as ALCO Duckwall-ALCO Stores Inc Ben Franklin Stores are a chain of Five and dime discount stores found in small towns throughout the United States. Butler Brothers was a chain of Five and dime retail outlets in the United States started by Edward Burgess Butler. This article is about W T Grant stores for the namesake founder see William Thomas Grant W Kmart (sometimes spelled as " K-Mart " is a chain of department stores in the United States, Puerto Rico, the U S H Kress & Co was the trading name of a chain of " Five and dime " retail Department stores in the United States, which operated from 1896 JG McCrory's or McCrory Stores was a chain of Five and dime stores in the United States based in York Pennsylvania. JJ Newberry's was an American Five and dime store chain in the twentieth century TG&Y was a Five and dime, or variety store chain in the United States. McLellan Stores were a 20th-century chain of Five and dime stores in the United States. GC Murphy is a defunct chain of Five and dime or Variety stores in the United States. A variety store or price-point retailer is a Retail store that sells inexpensive items usually with a single Price point for all items in the The F W Woolworth Company (often referred to as Woolworth's) was a retail company that was one of the original American five-and-dime stores A variety store or price-point retailer is a Retail store that sells inexpensive items usually with a single Price point for all items in the Ben Franklin Stores are a chain of Five and dime discount stores found in small towns throughout the United States.

International

Europe

In Spain there are Todo a 100 shops ("everything for 100 pesetas" (0. Spain () or the Kingdom of Spain (Reino de España is a country located mostly in southwestern Europe on the Iberian Peninsula. The peseta ( ISO 4217 code ESP standard abbreviation Pta Pts or Ptas 60 €)), although due to the introduction of the euro and inflation, most products cost a multiple of 0. 60 or 1 euro. Most of these shops maintain their name in pesetas, and most of them have been renamed as Casi todo a 100 ("almost everything for 100 [pesetas]") or Todo a 100, 300, 500 y más ("everything for 100, 300, 500 or more"). Coloquially, the expression "todo a 100" implies that something is either cheap, kitsch or low quality.

In Portugal there were Trezentos' shops ("Store of the 300 (escudos)" (1. 50€)), but with the introduction of the Euro currency, this designation is not used nowadays and the terms 'bazar' or 'euro store' are preferred.

In Germany, there are ToBi (Total Billig, which translates as "Totally Inexpensive") stores where most items cost one or two Euro or less.

In Sweden, there is a Dollarstore chain with fixed prices of 10, 20, 30, 40, 50 and steps of 50 up to 500 SEK.

Asia

In Japan, 100-yen shops (百円ショップ hyaku-en shoppu) or "One coin shops" have been proliferating across Japan since around 2001. For a topic outline on this subject see List of basic Japan topics. This is considered by some an effect of decade long recession of Japanese economy.

For a few years, 100-yen shops existed not as stores in brick-and-mortar building, but as vendors under temporary, foldable tents. They were (and still are) typically found near the entrance areas of supermarkets.

One major player in 100 Yen Shops is Hirotake Yano, the founder of Daiso Industries Co. is the largest franchise of 100-yen shops in Japan. Its parent company is. Ltd. , which runs the "The Daiso" chain. The first store opened in 1991, and there are now around 2,400 stores in Japan. This number is increasing by around 40 stores per month.

In China, two yuan (or three yuan, depending on the area's economic prosperity) shops have become a common sight in most cities. China ( Wade-Giles ( Mandarin) Chung¹kuo² is a cultural region, an ancient Civilization, and depending on perspective a National

In Hong Kong, department stores have opened their own 10-dollar-shop (USD 1. Hong Kong ( officially the Hong Kong Special Administrative Region, is a territory located on China 's south coast on the Pearl River Delta, and borders 28) to compete in the market, and thus there are now "8-dollar-shop" (USD 1. 02) in Hong Kong, in order to compete with a lower price. Note that there is no sales tax in Hong Kong, but the relative price is higher than in Japan or the US.

In India, they are known as 49 to 99 shops. India, officially the Republic of India (भारत गणराज्य inc-Latn Bhārat Gaṇarājya; see also other Indian languages) is a country Typical price range in these shops range between 49 to 99 Indian Rupees. The rupee (रुपया ( code: INR) is the Currency of India. 49 Rupees was approximately equal to one US dollar when these started, also 49 and 99 are near rounds of 50 and 100 respectively to draw the shoppers. Items are generally cheap gift articles, toys, watches, office stationery and crockery.

South America

In Brazil, these stores are called um e noventa e nove (one and ninety-nine, meaning BRL 1. |utc_offset = -2 to -4 |time_zone_DST = BRST |utc_offset_DST = -2 to -5 |cctld The real (meaning "royal" ɹeˈal in English, [xe{{IPA|ˈ}}aw] in Brazilian Portuguese) ( sign: R$; code: 99, about US 90 cents) usually written as 1,99 (note the decimal comma). They began to appear in the decade of 1990 possibly as a consequence of both the increase in the purchasing power of the low income classes after the curbing of hyperinflation and the decrease in middle-class net income due to a gradual increase in the national average tax load. Year 1990 ( MCMXC) was a Common year starting on Monday (link displays the 1990 Gregorian calendar) Certain figures in this article use Scientific notation for readability

Brazilians sometimes use the expression um e noventa e nove to refer to cheap, low quality things or even people.

Modern notable variety stores

Variety stores are often franchises. Franchising refers to the methods of practicing and using another person's Philosophy of business.

North America

Europe

Asia

Australasia

Economics

In economic terms, the pricing strategy of dollar stores is inefficient as some items may actually be sold elsewhere for less than a dollar. For a topic outline on this subject see List of basic Japan topics. is the largest franchise of 100-yen shops in Japan. Its parent company is. based in Kobe, is one of the largest Supermarket chains in Japan. Cando is a city in Towner County, North Dakota in the United States. Seria is a town in the Belait District of Brunei Darussalam Its full name is Pekan Seria in full ( Pekan is the Malay word for "Town" For a topic outline on this subject see List of basic Australia topics. Crazy Clarks Discount Variety Store is an Australian company that operates over 150 Discount Variety stores in its chain across Queensland, New South Wales New Zealand is an Island country in the south-western Pacific Ocean comprising two main landmasses (the North Island and the South Island An economy is the realized social system of production exchange distribution and consumption of goods and services of a country or other area Pricing is one of the Four p's of the Marketing mix. The other three aspects are product promotion and place. However, this is balanced by the marketing efficiencies of a single price structure and consumers accept potentially overpriced items. The pricing inefficiency becomes unacceptable at higher price points. Thus there are no "100 dollar stores" where all items sell for $100; consumers expect to pay the correct amount as inaccuracies result in significant dollar amounts.

Most merchandise in these stores is imported cheaply from foreign countries, most commonly in Asia. Usually merchandise is imported by a general merchandise importer/wholesaler, then sold to the stores at a wholesale rate.

Although some people may compare dollar stores with low-income areas, this comparison is not always necessarily true. For example, Atherton, California has a variety store within its city limits, even though it has an average household income of over $200,000 a year. Atherton is an incorporated town in San Mateo County, California, United States.

In popular culture

See also

In popular usage "marketing" is the promotion of products especially Advertising and Branding However in professional usage the term has a wider meaning of This is a list of marketing topics. Marketing fundamentals ] Consumer Business Marketing Distribution (or place) is one of the four elements of Marketing mix. A department store is a Retail establishment which specializes in selling a wide range of products without a single predominant merchandise line.

Dictionary

variety store

-noun

  1. (US) A shop where many small and inexpensive items can be bought.
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