GlossaryMerchandising
What Is a Category Killer: Definition & Example
Category killers have been around for decades, but their impact on local businesses and the retail industry as a whole has only become more apparent in…
Archive
Category: Merchandising
GlossaryMerchandising
What does Backorder mean in retail?
Backorders are a common occurrence in retail. They happen when an item that a customer orders is not currently in stock and has a delayed delivery…
GlossaryMerchandising
COGS: Cost of Goods Sold for Retailers
Retailers need to track the cost of goods sold (COGS) to ensure they are profitable and reporting expenses to the IRS correctly. Considering that 60% of…
GlossaryMerchandising
What Is Retail Shrinkage?
Shrinkage, sometimes referred to as “shrink,” is the loss of inventory between when it arrives at your facility and when it’s sold or used. This issue…
GlossaryMerchandising
What is Dead Stock?
Dead stock is a common problem for retailers, resulting in excess inventory that takes up valuable warehouse space and affects the company’s bottom line. However, dead…
GlossaryMerchandising
What is Inventory Aging?
The success of any retail business depends on many factors, but the most crucial one is the right inventory management. Location, marketing, decor, music, and displays…
LuxuryMerchandising
Becoming a Luxury Retail Buyer: Everything You Need To Know
If you have a passion for fashion and want to work in the luxury retail industry, becoming a luxury retail buyer might be the perfect career…
MarketingMerchandising
How To Sell More In Your Retail Store
In today’s competitive retail landscape, it is essential for store owners to continually find ways to increase sales and improve customer satisfaction. This article will explore…
MerchandisingStrategy
Self-Checkout Clears Sales Floor Space
The retail industry has been witnessing a significant shift towards self-checkout systems, as stores like Kohl’s consolidate their checkout areas to create a more efficient and…
BeautyMerchandising
100 Precent Price Hikes: Inflation Hits Drugstore Beauty Retailers
The beauty industry has recently experienced a surge in prices, with drugstore beauty brands being no exception. Between March 2022 and March 2023, cosmetics prices rose…