Definition
A warehouse is a physical facility used primarily for the storage of goods held in anticipation of sale or transfer within the distribution channel.
A warehouse receipt is a receipt that a public warehouse issues to a depositor for goods placed in storage.
Warehouse retailing involves selling merchandise (particularly groceries, drugs, hardware, home-improvement goods, and home furnishings) in a superstore type of warehouse atmosphere. The facilities are typically in low-rent, isolated buildings with a minimum of services offered, and the consumer performs the bulk of the functions in a self-service mode.
References
- American Marketing Association, AMA Dictionary.