Noun
(economics, marketing, business, finance, technology, neologism) A retail model including things like small-scale pop-up shops and boutique storefronts that leverage a variety of innovative downsized activities.
(economics, marketing, business, neologism) A small, demographically targeted store with a focus on a small selection of popular products.
(economics, marketing, business, neologism) Small, independent, family owned business in a developing nation.
Source: en.wiktionary.org