SPECIALTY RETAIL STORE definition
SPECIALTY RETAIL STORE means a commercial establishment which offers for sale or rent one merchandise line or a limited number of closely related merchandise lines, and without limiting the generality of the foregoing, may include such establishments as a book store, art store, framing store, florist shops, etc. A specialty retail store shall not include a “Convenience Store”, “Food Store”, “Department Store” or “Auto-Oriented Department Store”, as defined herein.
SPECIALTY RETAIL STORE means a retail store that, within the Territory, is known, identified, promoted or held out to the public as being part of a chain of retail stores with the following elements and characteristics: (i) all stores in the chain within the Territory operate under the same nationally or regionally recognizable brand name (regardless of whether such stores are operated by one owner or by different franchisees), (ii) the chain consists of more than eighty (80) retail stores within the Territory (or, for purposes of the limitations on DTR Licenses granted by TDSF and/or its Affiliates to one (1) or more chains of Children’s Specialty Retail Stores set forth in Section 6.2.2, the chain of Children’s Specialty Retail Stores consists of more than sixty (60) retail stores within the Territory), (iii) the average size of stores within the chain within the Territory is less than twenty thousand (20,000) gross leaseable square feet, (iv) all stores within the chain within the Territory primarily offer Softlines and/or Hardlines with a specific emphasis on one category or type of consumer product (e.g., apparel, cookware, electronics, music, etc.) as opposed to a wide variety of consumer products organized by department or otherwise, such as in a Department Store, and (v) the stores within the chain within the Territory generally offer merchandise on a full-retail pricing model rather than a discount or warehouse pricing model, except for periodic promotional and seasonal sales.”
SPECIALTY RETAIL STORE has the meaning specified in the License and Conduct of Business Agreement.