retail chain
Sign in to saveAlso known as chain store, chain, store chain, chainstore, retail store chain, chain of retail stores
retail outlets that share a brand and central management, and usually have standardized business methods and practices
~10 min read
Encyclopedic overview
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 many retail markets, dining markets, and service categories in many parts of the world. A franchised retail establishment is one form of a chain store. In 2005, the world's largest retail chain, Walmart, became the world's largest corporation based on gross sales.
History
Excerpted from Wikipedia’s “retail chain” article, available under the CC BY-SA 4.0 licence.