Chain stores: Difference between revisions
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* 1670 - The Hudson’s Bay Company, a fur trading company is created | * 1670 - The Hudson’s Bay Company, a fur trading company is created | ||
* 1680 - The Hudson’s Bay Company have a several number of locations in Canada <ref>[https://www.researchgate.net/publication/8358412_Averting_Disaster_The_Hudson's_Bay_Company_and_Smallpox_in_Western_Canada_during_the_Late_Eighteenth_and_Early_Nineteenth_Centuries Averting Disaster: The Hudson's Bay Company and Smallpox in Western Canada during the Late Eighteenth and Early Nineteenth Centuries] | * 1680 - The Hudson’s Bay Company have a several number of locations in Canada.<ref>[https://www.researchgate.net/publication/8358412_Averting_Disaster_The_Hudson's_Bay_Company_and_Smallpox_in_Western_Canada_during_the_Late_Eighteenth_and_Early_Nineteenth_Centuries Averting Disaster: The Hudson's Bay Company and Smallpox in Western Canada during the Late Eighteenth and Early Nineteenth Centuries]</ref> | ||
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Revision as of 22:19, 25 November 2020
A chain store, or commonly referred to as a retail chain, is a type of business which has several locations and has management/activities shared between them. They are meant to control a large segment of the market for various goods or services. As of 2020, Subway is one of the biggest retaurant chain with over 42,600 locations.[1]
The Main Purpose of a Chain Store
The basic purpose of a chain store is to have a business that overwhelms the competition with the ability to have lower costs of operating, having a centralized management system, significantly lower costs of advertising, and flexibility of trying out numerous goods/services in different locations to appeal to the market segment. [2]
History of Chain Stores
A brief history
- 1670 - The Hudson’s Bay Company, a fur trading company is created
- 1680 - The Hudson’s Bay Company have a several number of locations in Canada.[3]
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Characteristics of Chain Stores
Different Types
Footnotes
References
Subway's publication (2020) Explore Our World. Subway's Corporation
G, Montague (1963) Chain Stores in America, 1859-1962
F. J. Paul Hackett. (2004) Averting Disaster: The Hudson's Bay Company and Smallpox in Western Canada during the Late Eighteenth and Early Nineteenth Centuries Bulletin of the History of Medicine, vol. 78, no. 3, pp. 575–609.
Author: Krzysztof Nagaba-Poniatowski
