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What (who) is store prices - definition

ODDS APPLICABLE ON A HORSE RACE AS THE RACE IS ABOUT TO START

Starting Prices; Starting prices

department store

RETAIL ESTABLISHMENT; BUILDING WHICH OFFERS A WIDE RANGE OF CONSUMER GOODS

Department Stores; Department Store; Department stores; Department store chain; Discount retail store; Discount retail stores; Discount retailers; Discount retailing; Discount retail market; Discount retail markets; Discount marketing; Computer store; Stuff shop; Departmental store; 🏬; Off-price department store; Dry goods store; Specialty department store

(department stores)

A department store is a large shop which sells many different kinds of goods.

N-COUNT

department store

RETAIL ESTABLISHMENT; BUILDING WHICH OFFERS A WIDE RANGE OF CONSUMER GOODS

Department Stores; Department Store; Department stores; Department store chain; Discount retail store; Discount retail stores; Discount retailers; Discount retailing; Discount retail market; Discount retail markets; Discount marketing; Computer store; Stuff shop; Departmental store; 🏬; Off-price department store; Dry goods store; Specialty department store

¦ noun a large shop stocking many varieties of goods in different departments.

Department store

RETAIL ESTABLISHMENT; BUILDING WHICH OFFERS A WIDE RANGE OF CONSUMER GOODS

Department Stores; Department Store; Department stores; Department store chain; Discount retail store; Discount retail stores; Discount retailers; Discount retailing; Discount retail market; Discount retail markets; Discount marketing; Computer store; Stuff shop; Departmental store; 🏬; Off-price department store; Dry goods store; Specialty department store

·add. ·- A store keeping a great variety of goods which are arranged in several departments, ·esp. one with dry goods as the principal stock.

Wikipedia

Starting price

In horse racing, the starting price (SP) is the odds prevailing on a particular horse in the on-course fixed-odds betting market at the time a race begins. The method by which SPs are set for each runner varies in different countries but is generally by consensus of an appointed panel on the basis of their observations of the fluctuation in prices at the racetrack.

This is done as follows:

For each horse the odds offered by the bookmakers are ordered into a list from longest to shortest. This list is then divided into halves and the SP is the shortest odds available in the half containing the longest odds. Thus the SP or a longer price will have been offered by at least half the bookmakers in the sample.

Note: This method is slightly different from the method of calculating the median.

The principal function of a starting price is to determine returns on those winning bets where fixed odds have not been taken at the time the bet was struck.

Typically, on the day of the race, UK bookmakers offer a choice between placing a bet at SP, or taking a fixed price. When viewing future races, SP may be the only option available.

Some bookmakers offer best odds guaranteed, meaning that if a punter takes fixed odds on a race when the bet is struck and the SP turns out to be better (that is, higher), then if the punter wins, the payout is calculated using the SP. This is aimed at removing hesitancy among punters prompted by fears of taking what might prove to be a poor (that is, low) price before the race.

In the United Kingdom, the stake on an SP bet is returned if the horse is withdrawn before the race starts. For fixed-odds (ante-post) bets, the stake is retained by the bookmaker. Starting price provides a flexible way for punters to place their bets and potentially benefit from improved odds.

https://en.wikipedia.org/wiki/Starting price

Examples of use of store prices

1. The flooding of cropland has already been reflected in rising commodity prices and will soon hit grocery store prices.

2. A halt to U.S. imports could push up store prices, but it would be good news to booming poultry farms like Domodedovo.

3. It said non–food store prices are down by 0.6per cent in a year, putting the BRC measures of shop price inflation at 1.2per cent, which is less than half the Government‘s official inflation rate of 2.5per cent.

4. "Our mission is to deliver an assortment of quality, brand name merchandise at prices that are 50–'0 percent less than the regular department store prices," says CEO and Founder Samir Sunbol.

5. Barred Chinese clothing shipments are piling up at European ports, prompting warnings of retail stock shortages and higher store prices just weeks after the EU moved to stem an import surge deemed a threat to jobs.