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    Hyper Market

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    sudipsaint
    A hypermarket is a giant retail store that combines a supermarket and department store under one roof, allowing customers to satisfy all of their weekly shopping needs in one trip. The concept was pioneered by French retailer Carrefour in 1962, which opened the first hypermarket near Paris and is now the second largest retailer globally. While successful, hypermarkets in France are now subject to laws limiting their size and power over suppliers due to fears of smaller stores being forced out of business. Major hypermarket chains exist globally, though their presence varies by country and is sometimes controversial due to economic impact on local communities and businesses.

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    Hyper Market

    Uploaded by

    sudipsaint
    57 views1 page
    A hypermarket is a giant retail store that combines a supermarket and department store under one roof, allowing customers to satisfy all of their weekly shopping needs in one trip. The concept was pioneered by French retailer Carrefour in 1962, which opened the first hypermarket near Paris and is now the second largest retailer globally. While successful, hypermarkets in France are now subject to laws limiting their size and power over suppliers due to fears of smaller stores being forced out of business. Major hypermarket chains exist globally, though their presence varies by country and is sometimes controversial due to economic impact on local communities and businesses.

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    A hypermarket is a giant retail store that combines a supermarket and department store under one roof, allowing customers to satisfy all of their weekly shopping needs in one trip. The concept was pioneered by French retailer Carrefour in 1962, which opened the first hypermarket near Paris and is now the second largest retailer globally. While successful, hypermarkets in France are now subject to laws limiting their size and power over suppliers due to fears of smaller stores being forced out of business. Major hypermarket chains exist globally, though their presence varies by country and is sometimes controversial due to economic impact on local communities and businesses.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as RTF, PDF, TXT or read online from Scribd
    Download as rtf, pdf, or txt
    57 views1 page

    Hyper Market

    Uploaded by

    sudipsaint
    A hypermarket is a giant retail store that combines a supermarket and department store under one roof, allowing customers to satisfy all of their weekly shopping needs in one trip. The concept was pioneered by French retailer Carrefour in 1962, which opened the first hypermarket near Paris and is now the second largest retailer globally. While successful, hypermarkets in France are now subject to laws limiting their size and power over suppliers due to fears of smaller stores being forced out of business. Major hypermarket chains exist globally, though their presence varies by country and is sometimes controversial due to economic impact on local communities and businesses.

    Copyright:

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    Download as RTF, PDF, TXT or read online from Scribd
    Download as rtf, pdf, or txt
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    In commerce, a hypermarket (from the French hypermarché) is a store which combines a

    supermarket and a department store. The result is a gigantic retail facility which carries an
    enormous range of products under one roof, including full lines of fresh groceries and apparel. When
    they are planned, constructed, and executed correctly, a consumer can ideally satisfy all of their
    routine weekly shopping needs in one trip to the hypermarket.

    The concept was pioneered by the French retail group Carrefour, which opened the first
    hypermarket in 1962 in Sainte-Geneviève-des-Bois near Paris. Carrefour is now the second-largest
    retail group in the world.

    After the successes of super- and hyper-markets and amid fears that all smaller stores would be
    forced out of business, France enacted laws that made it more difficult to build hypermarkets and
    also restricted the amount of economic leverage that hypermarket chains can impose upon their
    suppliers (the Loi Galland). Large retailers for the most part work around the law by using
    loopholes. As of 2004, the Loi Galland has become increasingly controversial and there have been
    calls to amend it.

    Other major hypermarket chains include:

    • In the United States: Wal-Mart (known as Wal-Mart Supercenters), Fred Meyer (part of the
    Kroger group), Meijer, and SuperTargets. Stores in the United States tend to be single level
    enterprises with long operating hours; many of them, especially Wal-Marts, are continuously
    open except on major holidays (typically Thanksgiving and Christmas). Hypermarkets are very
    controversial in the U.S., with opposition coming primarily from preservationists who argue
    that they destroy conventional grocers, supermarkets, and downtowns. Hypermarkets have
    been most successful in northern states where adverse winter weather conditions make it
    inconvenient to visit multiple stores.
    • In the United Kingdom, Tesco operates some hypermarkets (known as Tesco Extra stores).
    ASDA (owned by Wal-Mart) also operates some hypermarkets (ASDA WAL-MART
    Supercentres).
    • In Spain, the largest hypermarkets are Eroski and Hipercor (short for Hipermercado El Corte
    Inglés). Carrefour also operates many stores in Spain. Spanish hypermarkets tend to be
    located in the industrial sprawl outside of Spain's dense urban cores.
    • In Canada, Loblaws has developed many "superstore" locations across Ontario and Québec.
    Another category of hypermarket is the membership based wholesale warehouse clubs that are
    popular in North America. Costco and Sam's Club, of which the latter is a division of Wal-Mart, are
    the largest companies in this category. However, it is debatable whether the warehouse clubs are
    true hypermarkets owing to their sparse interior decor and relatively limited range of products. To
    maximize turnover of inventory, they do not even attempt to carry a full range of products for each
    product type, but carry only those products likely to sell in bulk and in very high volume.
    In California, another major hypermarket chain was the membership-based Fedco Superstores. In
    the mid-1990s, the hypermarket chain became defunct by the development of Wal-Mart and other
    discount retailers.
    This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article
    "Hypermarket".

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