Glossary
Maintaining consistent and fair pricing is crucial when competition is fierce and consumer expectations are higher than ever.
In everyday language, the term “demure” is often used to describe someone, typically a woman, who exhibits modesty, shyness, or reservedness in their behavior or appearance.
Ever found yourself hesitating to mention a high-end brand for fear of mispronouncing its name? You’re not alone.
Understanding the language of luxury is essential for creating narratives that resonate with affluent audiences and elevate brand perception.
A fashion buyer is pivotal in the retail industry, responsible for selecting and purchasing the clothing, shoes, and accessories that appear on store shelves.
A boutique is a small, specialized store offering a finely curated selection of high-end products that cater to specific tastes and styles.
Big-box retailers or stores, such as Walmart and Target, offer competitive prices and a vast selection under one roof, while warehouse clubs like Costco and Sam’s Club focus on bulk buying and membership deals.
Barcodes have become integral to the retail industry, revolutionizing how businesses track inventory, sales, and customer behavior.
Assortment planning in fashion retail is a strategic process that involves selecting the right mix of products to offer in various stores and through different sales channels, ensuring that the assortment matches the preferences and buying habits of the target customer base.
In the luxury retail, various pricing strategies are employed to carve out a brand’s niche and engage discerning consumers.
Mystery shopping, also known as secret shopping, is a market research tool used by businesses to evaluate the quality of their customer service and overall customer experience.
Showrooming is a consumer behavior where shoppers visit physical retail stores to examine, try on, and research products before leaving to find and purchase the same or similar items online at a lower price.
Retail is the sale of goods and services to consumers, typically in small quantities, for personal or household consumption.
In this article, we will explore the definitions of white labeling and private labeling in fashion and how they can impact brand differentiation and fashion branding.
The main purpose of an anchor store in a shopping mall is to attract customers and drive foot traffic to the mall, benefiting smaller retailers within the complex.
Convenience stores, also known as quick stops or corner stores, are a staple in many communities.
When we think of luxury stores, we often imagine high-end designer brands, extravagant displays, and impeccable customer service.
One key metric that retailers and analysts heavily rely on is Year-Over-Year (YoY) growth. This financial comparison tool offers invaluable insights by evaluating changes in various data points, such as revenue, sales volumes, or profit margins, from one year to the next within the same period.
The haute couture industry, known for its exclusive, custom-fitted clothing, has shown significant growth and relevance in the fashion world.
Same-store sales, also known as comparable-store sales or “comps,” is a key performance indicator (KPI) that measures the revenue growth of a retail company’s existing stores over a specified period.