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StrategyTerminology
100 Retail Terms You Need To Know
StrategyTerminology

100+ Retail Terms You Need To Know for Business

100+ Retail Terms You Need To Know for Business

In the retail industry, fluency in retail terminology is not just an asset—it's a necessity. Retail terminology is the specific language, jargon, and terms used  to

By RETAILBOSS Team

Table of Contents
  1. 100 Retail Terms To Know
  2. 1. SKU (Stock Keeping Unit)
  3. 2. POS (Point of Sale)
  4. 3. Inventory
  5. 4. Merchandising
  6. 5. Retail Markup
  7. 6. MSRP (Manufacturer's Suggested Retail Price)
  8. 7. Markdowns
  9. 8. Planogram
  10. 9. Turnover
  11. 10. Omnichannel
  12. 11. Brick-and-Mortar
  13. 12. E-commerce/E-tailing
  14. 13. Loss Leader
  15. 14. Cross-Merchandising
  16. 15. Foot Traffic
  17. 16. BOPIS (Buy Online, Pick up in Store)
  18. 17. Wholesale
  19. 18. Stockout
  20. 19. Replenishment
  21. 20. Conversion Rate
  22. 21. Customer Acquisition Cost (CAC)
  23. 22. Lifetime Value (LTV)
  24. 23. Average Transaction Value (ATV)
  25. 24. Gross Margin
  26. 25. Sell-Through Rate
  27. 26. Shrinkage
  28. 27. Dead Stock
  29. 28. Just-In-Time Inventory (JIT)
  30. 29. Consignment
  31. 30. Dropshipping
  32. 31. Private Label
  33. 32. Big Box Store
  34. 33. Clearance Sale
  35. 34. Flash Sale
  36. 35. BOGO (Buy One, Get One)
  37. 36. Customer Experience (CX)
  38. 37. Retail Apocalypse
  39. 38. Showrooming
  40. 39. Beacons
  41. 40. Loyalty Program
  42. 41. Dynamic Pricing
  43. 42. Open-to-Buy
  44. 43. Category Management
  45. 44. Assortment Planning
  46. 45. Basket Size
  47. 46. Impulse Buying
  48. 47. CRM (Customer Relationship Management)
  49. 48. UPC (Universal Product Code)
  50. 49. Consumer Touchpoint
  51. 50. Units per transaction (UPT)
  52. 51. Restocking Fee
  53. 52. Product Depth
  54. 53. Product Breadth
  55. 54. Storefront
  56. 55. Franchise
  57. 56. Sourcing
  58. 57. Retail Media Network
  59. 58. Distribution Center
  60. 59. Vendor Managed Inventory (VMI)
  61. 60. Retail Analytics
  62. 61. Price Elasticity
  63. 62. Anchor Store
  64. 63. Pop-up Shop
  65. 64. Chargeback
  66. 65. Pop-up Store
  67. 66. Contactless Payment
  68. 67. Retail Clienteling
  69. 68. Buy now, pay later (BNPL)
  70. 69. Fulfillment Center
  71. 70. Geo-Fencing
  72. 71. Inventory Turnover
  73. 72. Key Performance Indicator (KPI)
  74. 73. Layaway
  75. 74. Mobile Commerce (M-Commerce)
  76. 75. Net Sales
  77. 76. Omnichannel Fulfillment
  78. 77. Price Adjustment
  79. 78. Quick Response (QR) Code
  80. 79. Radio Frequency Identification (RFID)
  81. 80. Sales Associate
  82. 81. Scan-Based Trading (SBT)
  83. 82. Trade Area
  84. 83. Upselling
  85. 84. Value-Added Service
  86. 85. Warehouse Club
  87. 86. Live shopping
  88. 87. Zoning
  89. 88. Endcap
  90. 89. Barcode
  91. 90. Self-checkout
  92. 91. Retail technology
  93. 92. Stylist
  94. 93. Journey Mapping
  95. 94. Kiosk
  96. 95. Loss Prevention
  97. 96. FIFO
  98. 97. Retail Theft
  99. 98. Out-of-Stock
  100. 99. Personal Shopper
  101. 100. Social Commerce

In the retail industry, fluency in retail terminology is not just an asset—it's a necessity. Retail terminology is the specific language, jargon, and terms used  to describe various operations, strategies, roles, metrics, and aspects of the retail business.

Whether you're taking your first step into the vast retail landscape or looking to refine your expertise, understanding the lexicon of the trade is critical. From "omnichannel marketing" to "SKU," each term carries weight and significance, shaping strategies,

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