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
BAR CODE
BIG BOX STORES
Large stand-alone store with varying market niches.