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  3. Chain stores, also known as retail chains, are retail outlets in which several locations share a brand, central management, and standardized business practices1. There are different types of chain stores, including:
    1. Business chains: Owned by the same company (e.g., Gap Inc. owns Old Navy, Banana Republic, and Athleta).
    2. Franchises: Owned by an individual but operated under the name of a larger company.
    3. Licensees: Operated under a license from a larger company.
    4. Restaurant chains: Multiple locations of the same restaurant brand.
    5. Grocery chains: Multiple locations of the same grocery store brand2.
    Learn more:
    A chain store or retail chain is a retail outlet in which several locations share a brand, central management and standardized business practices. They have come to dominate the retail and dining markets and many service categories, in many parts of the world.
    en.wikipedia.org/wiki/Chain_store

    Types of Chain Stores

    • 1. Business Chains Business chains are retail outlets that are owned by the same company. For example, Gap Inc. owns Old Navy, Banana Republic, and Athleta.
    www.marketing91.com/chain-store/
     
  4. People also ask
    What are the advantages and disadvantages of chain stores?Chain stores often run promotions and sales, which can save shoppers money. Chain stores provide jobs for millions of people across the globe. Chain stores can cause local shops or independent businesses to go out of business because they cannot compete with the lower prices and extended hours of chain stores.
    How do chain stores differ from franchises? A chain store is characterised by the ownership or franchise relationship between the local business or outlet and a controlling business. While chains are typically "formula retail", a chain refers to ownership or franchise, whereas "formula retail" or "formula business" refers to the characteristics of the business.
    en.wikipedia.org
    How do chain stores impact the local economy?Chain stores can contribute to the decline of downtown areas because they are often located in suburban areas. Chain stores can have a negative impact on the local economy because they often source their products from other countries.
    What is a chain store?A chain store or retail chain is a retail outlet in which several locations share a brand, central management and standardized business practices. They have come to dominate the retail and dining markets and many service categories, in many parts of the world.
    en.wikipedia.org
     
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    A chain store or retail chain is a retail outlet in which several locations share a brand, central management and standardized business practices. They have come to dominate the retail and dining markets and many service categories, in many parts of the world. A franchise retail establishment is one form of … See more

    In 1792, Henry Walton Smith and his wife Anna established W.H. Smith as a news vending business in London that would become a national … See more

    A chain store is characterised by the ownership or franchise relationship between the local business or outlet and a controlling business. See more

    A restaurant chain is a set of related restaurants in many different locations that are either under shared corporate ownership or See more

    The displacement of independent businesses by chains has sparked increased collaboration among independent businesses and communities to prevent chain … See more

    A variety of towns and cities in the United States whose residents wish to retain their distinctive character—such as San Francisco; Provincetown, Massachusetts and other Cape Cod villages; Bristol, RI; McCall, Idaho; Port Townsend, Washington; See more

    • Carroll, Glenn R., and Magnus Thor Torfason. "Restaurant Organizational Forms and Community in the US in 2005." City & Community … See more

     
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