Retail Club definition
Retail Club means either (a) a business which sells a collection of goods or services and derives a substantial portion of its revenues from subscription fees paid by its members in order to gain access to such goods, services or products (e.g.: CUC International), or (b) a business which initially offers goods or services to its members at a steep discount in return for a contractual commitment from such members to purchase a certain number of goods or services at some future date (e.g.: Columbia Record Club or BMG Music Club); or