wheel of retailing

wheel of retailing definition - business

wheel of retailing

The lifecycle of retailers, moving from an entry position with low prices to gain market share to eventually moving upscale with higher-quality products aimed at more affluent consumers. Japanese automobile manufacturers moved along this cycle after entering the U.S. market with inexpensive vehicles that captured market share and then gradually moving upscale with higher-priced vehicles that offered higher margins to the manufacturers.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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