The luxury goods market is a thriving industry, with revenue expected to reach US$354.80 billion…
As a consumer, you may have encountered the term MSRP when shopping for various products.…
Retail math is a set of skills that enables managers, sales associates, and other retail…
Open-air shopping centers, also known as strip malls, have been gaining popularity in recent years…
Customer lifetime value (CLV) is a crucial metric for businesses of any size. It provides…
Sell-through rate is use to determine how much inventory they sell in a certain amount…
Everyday Low Pricing is a strategy where the products are provided to consumers at a…
Category killers have been around for decades, but their impact on local businesses and the…
Consignment selling is a business model that allows individuals or businesses to lend out their…
Off-price retailing is a growing trend in the retail industry. It offers customers an opportunity…
Backorders are a common occurrence in retail. They happen when an item that a customer…
Retailers need to track the cost of goods sold (COGS) to ensure they are profitable…
Fashion is always changing, and keeping up with the latest trends can be a challenge.…
Shrinkage, sometimes referred to as “shrink,” is the loss of inventory between when it arrives…
Dead stock is a common problem for retailers, resulting in excess inventory that takes up…
Direct-to-consumer (DTC) is a sales strategy where manufacturers and consumer packaged goods (CPG) brands sell…
In today’s competitive landscape, building a strong brand identity is crucial to the success of…
Average transaction value (ATV) is a critical metric for retailers. It measures the average amount…
The success of any retail business depends on many factors, but the most crucial one…
Average Order Value (AOV) is a metric that helps retailers understand their customers’ purchasing behaviours.…