A large store whose actual layout resembles a massive box or square when viewed from above. This type of store typically features thousands of square feet worth of floor space. Other names for this ki [..]

A small, stylish shop. Most boutiques sell clothing and fashion accessories. They are often located in trendy parts of town and tend to be situated near other boutiques. Cash and Carry

A reduction in the normal cost of an item. In retail stores, customers who have special loyalty cards are often given discounts on certain items. Discounts may also be given for bulk quantities and in [..]

A portfolio-style book that presents an entire product line. A customer can flip through a look book to get a firm idea about the various products that are available by any given brand or company. Thi [..]

A reduction in the sales price of an item. This is usually done in order to move dead stock. It may also be done to make way for new versions of the same product or to make room for seasonal merchandi [..]

The sale of products for use or consumption by the general public. Retail items are not designed to be resold by middlemen or distributors. They are designed for end users who will actually make use o [..]

Promoting the sale of products. This can be done in many different ways. Pricing plays a huge role in merchandising. Displays are also critical parts of merchandising. Wholesaler

Refers to the average amount that has been paid for the items that are currently on hand. Prices for inventory items vary, and average cost gives a retailer an idea about how much he typically spends [..]

A special code that consists of printed, randomly patterned spaces and bars. Numerals are sometimes included as well. The code can be scanned and fed into a computer program in order to transmit impor [..]

Electronic Draft Capture or EDC is included in many POS systems. It is used to automatically balance, settle and authorize credit card transactions. As a result, it saves a retail business a lot of ti [..]