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1
Sanjay
Sanjay's variety store
::2013/07/08::
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2
Legal Age Life At Variety Store by Rheostatics
Legal Age Life At Variety Store by Rheostatics
::2008/03/13::
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3
JNTV Footprints - Angels Books & Variety Store (JN Discount Merchant)
JNTV Footprints - Angels Books & Variety Store (JN Discount Merchant)
::2014/05/04::
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4
Rheostatics- Legal Age Life at Variety Store
Rheostatics- Legal Age Life at Variety Store
::2010/07/27::
Play Video
5
King of Kensington - Season 1, Episode 1 - The Variety Store (Sep 25, 1975)
King of Kensington - Season 1, Episode 1 - The Variety Store (Sep 25, 1975)
::2013/03/10::
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6
Oquinns Variety Store Commcercial
Oquinns Variety Store Commcercial
::2012/01/09::
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7
Flippers Variety Store - Grandy NC - Walkthru - March 22nd 2014
Flippers Variety Store - Grandy NC - Walkthru - March 22nd 2014
::2014/03/26::
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8
Rheostatics - 25-Legal Age Life At Variety Store - March 30 2007
Rheostatics - 25-Legal Age Life At Variety Store - March 30 2007
::2013/04/01::
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9
DIVINE VARIETY STORE LINGERIE FASHION SHOW 3
DIVINE VARIETY STORE LINGERIE FASHION SHOW 3
::2011/10/23::
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10
"Legal Age Life at the Variety Store" - Barenaked Ladies
"Legal Age Life at the Variety Store" - Barenaked Ladies
::2011/08/02::
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11
Call of Cthulhu(Part6)Variety Store
Call of Cthulhu(Part6)Variety Store
::2010/10/15::
Play Video
12
Rheostatics - Whale Music - 08 Legal Age Life At Variety Store
Rheostatics - Whale Music - 08 Legal Age Life At Variety Store
::2012/08/08::
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13
ElectriCalc Pro NJATC Code Calculations Book #8-39 Variety Store Conductor Size Calculations
ElectriCalc Pro NJATC Code Calculations Book #8-39 Variety Store Conductor Size Calculations
::2013/03/11::
Play Video
14
Allamakee Horsfalls Variety Store Edit   720p
Allamakee Horsfalls Variety Store Edit 720p
::2012/03/26::
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15
Ceiling Fans At My Cousin
Ceiling Fans At My Cousin's Variety Store
::2011/04/20::
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16
Man dies in variety store fire
Man dies in variety store fire
::2014/03/14::
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17
The Bidini Band -  Legal Age Life at Variety Store (LIVE!!!)
The Bidini Band - Legal Age Life at Variety Store (LIVE!!!)
::2010/06/16::
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18
Dollar Store Ad - "variety store" - "99 cents store" - Commercial film
Dollar Store Ad - "variety store" - "99 cents store" - Commercial film
::2013/01/21::
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19
Variety store...
Variety store...
::2014/08/03::
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20
Richard
Richard's variety store
::2014/06/01::
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21
Cliff
Cliff's Variety Store Employees Assault Holiday Carolers 24 Dec 2012
::2012/12/24::
Play Video
22
Variety Store Haul
Variety Store Haul
::2013/08/13::
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23
Downtown Variety Store for SALE.
Downtown Variety Store for SALE.
::2014/01/20::
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24
Variety Store (Easthampton, MA)
Variety Store (Easthampton, MA)
::2011/06/14::
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25
RJ Discountr Variety Store
RJ Discountr Variety Store
::2013/11/15::
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26
99 cent  Variety Store with Avatar
99 cent Variety Store with Avatar
::2014/10/16::
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27
RJ Discount Variety Store
RJ Discount Variety Store
::2013/11/27::
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28
Variety store
Variety store
::2011/05/15::
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29
Variety store (Scoops) Burned down. Cochrane Ontario Canada.
Variety store (Scoops) Burned down. Cochrane Ontario Canada.
::2013/01/13::
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30
Variety Store
Variety Store
::2011/05/22::
Play Video
31
Yogie
Yogie's Variety Store 2014 - Trinidad & Tobago
::2014/10/04::
Play Video
32
LIONHEART CULTURAL VARIETY STORE
LIONHEART CULTURAL VARIETY STORE
::2011/09/28::
Play Video
33
Clothing or Variety Store Design
Clothing or Variety Store Design
::2012/06/13::
Play Video
34
EXCLUSIVE Video Footage of shoplifting at variety store in CHAGUANAS TRINIDAD
EXCLUSIVE Video Footage of shoplifting at variety store in CHAGUANAS TRINIDAD
::2011/08/10::
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35
Our PayPal Story: Scott Henshaw, Nanette Variety Store, Seattle, Washington
Our PayPal Story: Scott Henshaw, Nanette Variety Store, Seattle, Washington
::2012/08/01::
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36
Flippers Variety Store and Arcade
Flippers Variety Store and Arcade
::2013/10/27::
Play Video
37
1960 Construction of the Kearney
1960 Construction of the Kearney's Variety Store.wmv
::2012/01/17::
Play Video
38
[Okaido Challenge Shop Interview 02]  Variety Store "TIFFIN"
[Okaido Challenge Shop Interview 02] Variety Store "TIFFIN"
::2009/10/01::
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39
東京ディズニーランド ディズニーバラエティストア Disney Variety Store
東京ディズニーランド ディズニーバラエティストア Disney Variety Store
::2010/02/18::
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40
World Wide Magazine "Gross Variety Store"
World Wide Magazine "Gross Variety Store"
::2010/02/11::
Play Video
41
Disney Variety Store ディズニー・バラエティ・ストア in 海音
Disney Variety Store ディズニー・バラエティ・ストア in 海音
::2010/09/19::
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42
variety store haul
variety store haul
::2014/03/30::
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43
My first Daiso variety store visit and haul
My first Daiso variety store visit and haul
::2014/02/08::
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44
Richards Variety Store Featured on Fox 5 Live Road Warrior
Richards Variety Store Featured on Fox 5 Live Road Warrior
::2012/09/08::
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45
ALL DAY VARIETY STORE-HARLEM ,NY 145 ST & ST. NICHOLAS
ALL DAY VARIETY STORE-HARLEM ,NY 145 ST & ST. NICHOLAS
::2013/08/23::
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46
Part 2: Cliff
Part 2: Cliff's Variety Store Employees Assault Holiday Carolers 24 Dec 2012
::2012/12/24::
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47
Nubian Heritage Retailer Spotlight: Nicholas Variety Store
Nubian Heritage Retailer Spotlight: Nicholas Variety Store
::2014/07/31::
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48
Michele
Michele's Variety Store Attempted Armed Robbery
::2011/11/21::
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49
Nick Gift And Variety Store - Classic Decorative Birdhouses
Nick Gift And Variety Store - Classic Decorative Birdhouses
::2010/03/08::
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50
Lake City Iowa
Lake City Iowa's Calhoun County Variety Store on Our Story's The Celebrities
::2013/12/12::
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RESULTS [51 .. 101]
From Wikipedia, the free encyclopedia
Jump to: navigation, search
"Dollar store" redirects here. For Cuban shops that exchange solely in hard currency, see Dollar store (Cuba).
"Big N" redirects here. For the Japanese corporation, see Nintendo.
"99 cents store" redirects here. For retail chain, see 99 Cents Only Stores.
Not to be confused with convenience store.
100-Yen at Kohnoike Higashi Osaka-City
The interior of a one euro shop in Amsterdam, The Netherlands

A variety store (also pound shop, dollar store, and other names) is a retail store that sells a wide range of inexpensive household goods.

Variety stores often have product lines including food and drink, personal hygiene products, small home and garden tools, office supplies, decorations, electronics, garden plants, toys, pet supplies, remaindered books, recorded media, and motor and bike consumables. Larger stores may sell frozen foods and fresh produce.

Variety stores arose in the early 20th century, with Woolworth's model to reduce store overheads by simplifying the duties of sales clerks. They may now be found all over the world.

A variety store often sells all goods at a single price, in which case it may be called a price-point retailer. The name of the store often reflects this, and in different markets it may be called a dollar store, pound shop, euro store and so on.

Economics[edit]

Some items are offered at a considerable discount over other retailers, whereas others are at much the same price point. There are two ways variety stores make a profit:

  • Buying and selling huge amounts of goods at heavily discounted prices provides a small profit margin that is multiplied by the volume of sales.
  • Pricing many items at prices that are higher than regular retailers. These goods are commonly bought by consumers who perceive them to be bargains based on the heavy discounts on other items in the store.[1][2]

Variety stores with single price points buy products to fit those price points (while making a profit) that are:

Not all variety stores are "single price-point" stores, even if their names imply it. For example, in the United States, Dollar General and Family Dollar sell items at more or less than a dollar. Some stores also sell goods priced at multiples of the named price, and conversely, multiple items for the price. The discrepancy with the nominal price is also compounded if sales tax is added at the point of sale.

Supply[edit]

In many countries, stock can be imported from others with lower variable costs, because of differences in wages, resource costs or taxation.[citation needed] Usually goods are imported by a general importer, then sold to the stores wholesale.[disputed ]

Another source of stock is overruns, surplus items and out-of-date food products. Real Deals, a regional dollar store in the Syracuse, New York area, is stocked almost entirely with surplus goods such as these.[3] The legality of selling out-of-date goods varies between jurisdictions: In the U.S. it is legal,[4] but in the United Kingdom it is illegal to sell goods after their "Use By" date.[5]

Demography[edit]

Although some people[who?] may link variety stores with low-income areas, this is not always true. For example, Atherton, California has a variety store within its city limits, even though it has a median household income of nearly $185,000 a year.[6] Studies of food discounters in Great Britain show quite a varied demographic,[7] and 99p Stores reported an increase in higher-income customers after the financial crisis of 2007–08.[8]

History[edit]

North America[edit]

"Five and ten" redirects here. For the 1931 movie, see Five and Ten (film).
"Five and dime" redirects here. For the Oswald the Lucky Rabbit short, see Five and Dime.

An art gallery in Seattle's International District preserves the facade and some features of Higo Variety Store, an independent Japanese-American five and ten.
Kress Stores contributed iconic buildings to many American downtowns. This one is in Tampa, Florida.
F. W. Woolworth and S. S. Kresge stores on Lackawanna Avenue, in downtown Scranton, Pennsylvania. The two stores were often found near one another in downtown areas.

The concept of the variety store originated with the five and ten, five and dime, nickel or dime (15 cents), and ten-cent store or dime store (10 cents), a store offering a wide assortment of inexpensive items for personal and household use.[9] The originators of the concept were the Woolworth Bros., in July 1879. Woolworth Bros. later became F. W. Woolworth Company or just "Woolworth's". On June 21, 1879, Frank Winfield Woolworth opened his first successful five cent store in Lancaster, Pennsylvania, after a failed attempt with a store he opened on February 22, 1879, in Utica, New York. Frank soon brought his brother Charles Sumner "Sum" Woolworth into the business. Together they opened a second store in Harrisburg, Pennsylvania, on July 18, 1879.

Before they started their own stores, the Woolworth brothers worked for Augsbury and Moore, a dry goods store in Watertown, New York. It was they who trained the Woolworth brothers, and lent Frank $300 in goods. Frank settled his debt by the time he opened the Lancaster store. Frank experimented with a 10¢ table in Lancaster, and similar to his experiment of a 5¢ table at Augsbury and Moore, it was a success. Sum managed the Harrisburg store, crammed it with goods, hired clerks, and also added table with a ten cent line of goods. Once again, the line was a huge success.

Because of a rent dispute, Sum soon moved the Harrisburg store to York, Pennsylvania and on November 6, 1880, he opened the store in downtown Scranton, Pennsylvania, and formally called it a "5¢ & 10¢ store". There, he developed and fully established the five and ten (dime) concept into American culture. Frank spent time opening more stores, working the back end of the business, buying in bulk for all affiliates and "friendly rivals", and buying manufacturers to keep prices low. Meanwhile Sum used his store to train new managers and develop many of the Woolworth concepts which included bright lighting, a polished high-luster floor, glass showcases, mahogany counters and goods people could touch. Before this, clerks had to work with each customer individually, handing them goods from cases or shelves. This required more clerks, with greater knowledge, and so cost more.

Before Woolworth, the prevailing thought was an entire store could not maintain itself with all low-priced goods. The Woolworth Bros. and their affiliated partner stores originally featured goods priced at only five cents and ten cents. Many other people tried to copy their lead.[10]

Later in the twentieth century the price range expanded; Woolworths did a strictly "five-and-ten cent" business, but in the spring of 1932 a 20-cent line of merchandise was added. On November 13, 1935 the company's directors decided to discontinue selling price limits altogether.[11] Inflation eventually dictated that the stores were no longer able to sell any items for five or ten cents, and were then referred to as "variety stores" or more commonly "dollar stores". Using the Historical Consumer Price Index for January 1913 (9.8) and January 2009 (211.143), the rate of inflation change is 2,067%. Therefore, an item costing $0.05 in January 1913 would cost $1.08 in January 2009 dollars, all other things being equal.[12]

Well-known dime store companies included:[13]

Of these, only Duckwall-ALCO and Ben Franklin continue to exist in this form, while Kresge and Walton's became mega-retailers Kmart and Walmart. The last U.S. Woolworth's-branded variety store closed in 1997; however the Woolworth company had success with its subsidiary sports retailer Foot Locker, and the company's name has been officially changed to Foot Locker to reflect the new focus of the business. Beginning around the 1960s, others tried the larger "discount store" format as well, such as W.T. Grant, Woolworth's Woolco stores, and TG&Y Family Centers.[citation needed]

United Kingdom[edit]

Woolworth's opened its first store in the United Kingdom in 1909, when they were also colloquially known as "threepenny and sixpenny" stores, "3d and 6d" being displayed on the shops' frontages.[14][15]

Brands[edit]

North America[edit]

According to IBISWorld, dollar stores have grown 43 percent since 1998 and have become a $56 billion industry. Colliers International claims there are more dollar stores than drug stores. With stores of other types closing in large numbers, dollar stores often replace other types of stores in shopping centers. They succeed partly because of impulse purchases.[16]

Among today's dollar stores are:

Europe[edit]

In Spain there are Todo a 100 shops ("everything for 100 pesetas" (€0.60)), although due to the introduction of the euro and inflation, most products cost a multiple of €0.60 or €1. Most of these shops maintain their name in pesetas, and most of them have been renamed as Casi todo a 100 ("almost everything for 100 [pesetas]"), Todo a 100, 300, 500 y más ("everything for 100, 300, 500 or more") or Todo a un euro. Colloquially, the expression todo a 100 implies that something is either cheap, kitsch or low quality.[citation needed]

In Portugal there were Trezentos shops (300 escudos, €1.50), but with the introduction of the Euro currency, this designation is not used nowadays and the terms 'bazar' or 'euro store' are preferred.

In Germany, there are ToBi (German: Total Billig, "Totally Inexpensive") stores where most items cost one or two Euro or less.

In Hungary, there are 100 forintos bolt ("100 forints store") stores, but they do not form a single chain, instead operated by small, independent companies.

The HEMA chain started in the Netherlands, sell goods using standard prices of 10, 25 or 50 cents, and later also 75 and 100 cents. After World War II, this model could not be sustained and the standard pricing system was abandoned.[17] HEMA is the abbreviation of Hollandish standardized prices company (Dutch: Hollandse Eenheids Prijzen Maatschappij). The HEMA had some 500 Dutch stores in 2011 and also operates in Belgium, Germany, Luxembourg and France.

Stores:

Asia[edit]

In Japan, 100-yen shops (百円ショップ hyaku-en shoppu or 百均 hyakkin) have been proliferating since around 2001. This is considered a after-effect of a decade-long recession of the Japanese economy.[18] Despite the emphasis on value, however, some items, such as chocolate bars, may be priced higher than they are at other stores.

For a few years, 100-yen shops existed not as permanent stores, but as vendors under temporary, foldable tents. They were (and still are) typically found near the entrance areas of supermarkets.

A major player in 100-yen shops is the Daiso chain. The first store opened in 1991, and there are now around 2,400 stores in Japan. This number is increasing by around 40 stores per month. Daiso has also expanded into North America, Asia, and the Middle East.[19]

In India,Major player in India is by the name US DOLLARSTORE initiated in year 2004 by NANSON OVERSEAS PVT. LTD. promoted by Gaurav Sahni . It was initiated with initial merchandise imported from Usa for its 2 stores in New Delhi.Thereon with 300+ stores by 2014 the merchandise sourced from dozens of countries suitable for Indian consumer has been added to variety. They were known as 49 & 99 shops.[citation needed] and by 2014 with Rupee devaluing the price range of Rs149/- was added. The typical prices in these shops are now 99 and 149 Indian rupees. 99 rupees is approximately equal to 1.5 US dollar . Items are generally cheap gift articles, Health and beauty products, food items, toys, watches, office stationery, and crockery.

In China, ¥2 (or ¥3, depending on the area's economic prosperity) shops have become a common sight in most cities.

In Hong Kong, major department stores have opened their own $10 shops (US$1.28) to compete in the market, and there are now "$8 shops" (US$1.02) and even "$2 shops" (US$0.26) competing at lower prices, especially in poorer communities. Low prices are helped by Hong Kong's lack of sales tax and its proximity to China.

In Taiwan, fixed price stores can be found in many locations, including night markets, regular shopping streets, regular market stalls, and department stores. Two typical price points are NT$39 and NT$49. Given that the retail environment in Taiwan is already highly competitive, it is not unusual to see such stores fail. Typically the goods for such stores are manufactured in China to keep costs down.

Stores:

South America[edit]

In Argentina, variety stores are called todo por dos pesos (2 pesos).

In Brazil, these stores are called um e noventa e nove (one and ninety-nine, meaning BRL1.99, about US$1.20) usually written as 1,99. They began to appear in the 1990s possibly as a consequence of both the increase in the purchasing power of the low income classes after the curbing of hyperinflation and the decrease in middle-class net income due to a gradual increase in the national average tax load.[citation needed]

Brazilians sometimes use the expression um e noventa e nove to refer to cheap, low quality things or even people.

In Chile, they are called todo a mil (referring to the one thousand Chilean pesos banknote). They are commonly located in middle-class neighbourhoods where big retail stores don't usually venture and in small commercial districts like the ones in Santiago.

Australasia[edit]

Stores:

  • In Australia the main variety stores now consist of The Reject Shop, The Basement, Go-Lo, Sam's Warehouse, Crazy Clark's, Chickenfeed (Tasmania and Victoria), Red Dot (Western Australia), Browse in and Save & Cunningham's Warehouse Sales (South Australia), Hot Dollar (NSW & ACT)
  • In New Zealand: The $2 Shop, 2 Cheap, Dollar Saver, 1, 2, 3 Dollar Shop, Crazy Clark's and Coin Save

Other names[edit]

A 99 Cents Only store in Dallas, Texas

Variety stores are often named for the price of the goods sold in them; the names vary by area and time, as each country has a different currency, and the price of the goods has increased over time due to inflation. Modern names include:

North America
  • dollar store, $1.25 store, 99-cent store, etc. in the United States and Canada plus other names. Dollar store is used predominantly, even when the maximum price point is two or three dollars.
Europe
  • Euro store, €2 store, etc. in the Eurozone
  • Euroshop or 1-Euro-Shop in Germany.
  • Pound shop, 99p shop, etc. in the United Kingdom
  • Euroland (formerly known as knakenland) in the Netherlands
  • Todo a 100, 20 duros and SuperCien in Spain (former cien = 100 pesetas = €0.60)
  • Magasin à prix unique (English: One Price Store) in France
  • Wszystko za 5 złotych in Poland
  • 100 forintos bolt in Hungary
  • 3,8 RON shop in Romania
  • Loja dos 300 in Portugal 300 escudos = 1,5 Eur
  • Max20 (kroner) in Norway
  • Sve po 8/10/12 kuna in Croatia
  • Sve za 79/99/100 dinara (Everything for 79/99/100 dinars) in Serbia
  • Всичко по 1 лев in Bulgaria
Middle East and Asia
  • 100 fils Shop in Kuwait
  • 2 riyal Shop in Saudi Arabia and other Gulf countries
  • 100-yen shop or one coin shop in Japan
  • 10-dollar shop (US$1.28), 8-dollar shop, etc. in Hong Kong
  • 88 or 99 Peso Store in Philippines
  • 49 & 99 shop in India
  • Ghazali's HomeStore in Pakistan
  • Всё по 10 рублей/Всё по 100 рублей (English: Everything at 100 rubles) in Russia
  • 10 or 20 Baht shop in Thailand
Central and South America
  • 5 y 10 in Mexico (5 and 10 pesos)
  • Dólar y Algo Extra, La Reina, Almacenes Caravana in Puerto Rico
  • Loja de 1,99 (BRL1.99 = US$1.07) in Brazil
  • Todo por dos Pesos in Argentina (1 peso = US$0.32)
  • Todo por 23 pesos in Uruguay (23 pesos = US$1)
Elsewhere

Cultural references[edit]

  • In November 2010, a piece of installation art called £100 Shop was exhibited in Dalston, London, presenting items from a pound shop as if they were unique luxury items. The items were genuinely offered for sale, albeit with a labyrinthine sales contract.[20]

See also[edit]

References[edit]

  1. ^ a b c Wallop, Harry (14 September 2012). "How Poundland makes its millions". Daily Telegraph. Retrieved 8 September 2013. 
  2. ^ a b c Hall-Davis, Amanda (21 April 2011). "£1 stores can cost you more". Yahoo Finance. Retrieved 8 September 2013. 
  3. ^ Tobin, Dave (April 2009). "Business is booming for Auburn-based dollar store chain". The Post-Standard; syracuse.com. Retrieved 2012-04-20. 
  4. ^ "Did you know that a store can sell food past the expiration date?". US Food and Drug Administration. 13 April 2013. Retrieved 8 September 2013. 
  5. ^ "Guidance on the application of date labels to food". UK Department for Environment, Food and Rural Affairs. September 2011. p. 6. Retrieved 8 September 2013. 
  6. ^ "Atherton, CA Real Estate Data". RealEstate.com. Retrieved 8 September 2013. 
  7. ^ Thompson, Chris; Clarke, Graham; Clark, Martin; Stillwell, John (October 2010). "Modelling the future opportunities of food retailing in Great Britain". demographicsusergroup.co.uk. University of Leeds. Retrieved 8 September 2013. 
  8. ^ Harrison, Nicola (26 June 2009). "99p Stores guns for growth as profits soar". Retail Week. Retrieved 8 September 2013. 
  9. ^ "dime store". "Random House Kernerman Webster's College Dictionary". thefreedictionary.com. Random House. 2010. Retrieved 8 September 2013. 
  10. ^ Plunkett-Powell, Karen (1999). Remembering Woolworth's: A Nostalgic History of the World's Most Famous Five-and-Dime. St. Martin's Press (New York). ISBN 978-0312277048. 
  11. ^ Pages 45–58 Club Members Remember Shopping at Woolworth's Tredyffrin Easttown Historical Society History Quarterly Source: April 1994 Volume 32 Number 2
  12. ^ "US Inflation Calculator, Consumer Price Index Data from 1913 to 2011". U.S. Department of Labor Bureau of Labor Statistics. Retrieved 2011-10-22. 
  13. ^ Hayward, Walter Sumner; and Percival Albert Frederick White; chapters by John S. Fleek and Hugh MacIntyre (1922). Chain stores: their management and operation. McGraw-Hill Book Co. Inc; printed by The Maple Press (York, PA). 
  14. ^ "Woolworths Group plc". encyclopedia.com. 2007. Retrieved 8 September 2013. 
  15. ^ "Woolworth store openings in the 1930s". woolworthsmuseum.co.uk. 3D and 6D Pictures Ltd. Retrieved 8 September 2013. 
  16. ^ "Dollar stores among the new retail powerhouses". News & Record. 26 January 2012. Retrieved 8 September 2013. [dead link]
  17. ^ hema.nl[dead link]
  18. ^ Bender, Andrew (27 June 2010). "Bargain hunting at Japan's 100-yen stores". Los Angeles Times. Retrieved 28 October 2014. 
  19. ^ Typical Overseas Stores[dead link]
  20. ^ "The £100 Shop". Hackney Citizen. 2010-11-12. Retrieved 8 September 2013. 

External links[edit]

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