Retail Dictionary A to Z
Important Terms All Retail Businessman Should Know

If you are a seasoned retailer or planning to venture into new retail business then awareness of these terms can help you be better in your industry.

ANCHOR STORE

A major retail store in a shopping mall, used to drive business to smaller retailers. These larger department stores or grocery stores are generally part of a retail chain and are the prominent business in a shopping mall.

ASSET TURNOVER

A performance measure based on retailers net sales and total assets. It is equal to net sales divided by total assets.

AUGMENTED REALITY

Augmented reality has emerged as an innovative tool that allows brands to interact with consumers on their mobile devices. AR creates a new digital experience that enriches the relationship between consumer and brand and can be used in any location, be it PC at home, mobile devices or kiosks in stores. AR has quickly become an essential technology for retailers. And the Covid-19 the pandemic has accelerated the shift to digital shopping by roughly five years.

BAR CODE

A barcode is an image that consists of a series of parallel black and white bars that can be read by a barcode scanner. Barcodes are applied to products to quickly identify them. Among their many uses, barcodes are typically used in retail stores as a part of the purchasing process, in warehouses to track and manage inventory and on invoices to help with accounting.

BIG BOX STORES

Large stand-alone store with varying market niches.

BRAND

BRAND AWARENESS

BREAK EVEN POINT

BRICK & MORTAR

BALANCED TENANCY

BASIC STOCK LIST

BATTLE OF THE BRANDS

BUNDLED PRICING

CHAIN STORE

CONVENIENCE PRODUCTS

CO-OPERATIVE

CATCHMENT AREA

CATEGORY KILLER STORE

CHAIN

CASH FLOW

CAPITAL EXPENDITURES

CROSS MERCHANDISING

CATEGORY SPECIALIST

CANNIBALISM

DEPARTMENT STORE

DEPTH OF ASSORTMENT

DISCOUNT STORE

DESTINATION RETAILER

DESTINATION STORE

DURABLE GOODS / DURABLES

DRY GROCERY

DEAD AREAS

DOWNSIZING

ELECTRONIC ARTICLE SURVEILLANCE

ENSEMBLE DISPLAY

ETAILING

EASE OF ENTRY

EVERYDAY LOW PRICE (EDLP)

END-USER

(FIFO) FIRST-IN, FIRST-OUT

FAD

FACTORY OUTLET

FLEA MARKET

FOOD-BASED SUPERSTORE

FORECOURT RETAIL

FOOD COURT

FULL-LINE DISCOUNT STORE

FRANCHISE

FRANCHISEE

FRANCHISOR

FOOTFALL

GROSS MARGIN

GOODS

GENERAL STORE

GENERIC BRANDS

GOODS RETAILING

GOODS/SERVICE CATEGORY

GREY MARKET GOODS

GENERIC BRANDS

HIGH STREET

HARDLINES

IMPULSE PURCHASE

INDEPENDENT

INITIAL MARKUP (AT RETAIL)

INVENTORY MANAGEMENT

INVENTORY SHRINKAGE

INVENTORY TURNOVER

ISOLATED STORE

ask questions to our consultant.

Please describe your requirement


Tell us how to contact you




Open chat
1
Hi! Welcome to Retailcore. Have a query?
Hello,
We are happy to support you.
Let us know about your requirement.
Click button below.