What is a large self-service store selling food and household goods called?
AnswerA supermarket
Supermarkets let shoppers pick groceries and household items from open shelves.
Business · Facts & stats
Store facts & stats
7 fact-checked facts about stores and retail, each with the reason behind it. 5 more are in today's round and join this page after it closes.
The basics
A convenience store is best known for what?
AnswerLong hours and everyday essentials
Convenience stores are small shops with long hours stocking basic items.
Going deeper
In retail, what does SKU stand for?
AnswerStock keeping unit
A SKU is a store's code for tracking each distinct product.
In a shopping mall, what is a large store that draws shoppers in called?
AnswerAn anchor store
Anchor stores are big draws, often at mall ends, bringing traffic past smaller shops.
What is a planogram?
AnswerA diagram showing where products go on shelves
Planograms guide staff to place products in a planned spot on each shelf.
Expert level
What is a display at the end of a store aisle commonly called?
AnswerAn endcap
Endcaps face the main walkway, so they are prime spots for promotions.
Who opened what is widely considered the first self-service grocery store, in Memphis in 1916?
AnswerClarence Saunders
Before self-service, clerks gathered items for customers from behind the counter.
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