Merchandising

Specialty Retailer
What is a Specialty Store in Retail

Shopping at specialty stores can be a unique and exciting experience. Unlike general stores that offer a wide range of products, specialty stores focus on selling a specific type of product or brand.

What Is A Private Label And How Does It Work
What Is a Private Label and How does It Work

Private label products refer to products owned by a company but are not made in-house. Companies procure their products from other manufacturers or manufacturers with contracts under their labels.

8 Efficient Ways To Reduce Shrinkage In Retail
8 Efficient Ways to Reduce Shrinkage in Retail

Shrinkage is a significant issue affecting the retail industry, causing over $50 billion in losses annually.

Msrp: Manufacturer Suggested Retail Price
MSRP: Manufacturer Suggested Retail Price

As a consumer, you may have encountered the term MSRP when shopping for various products. But what does it mean, and how does it impact the pricing of goods?

What Is Markdown In Retail: Example &Amp; How To Calculate
What is Markdown in Retail: Example & How To Calculate

Markdown pricing is a necessary evil for retailers. It helps them reduce the price of products to increase sales and clear out inventory.

Retail Math Formulas Cheat Sheet + Examples
Retail Math Formulas Cheat Sheet + Examples

Retail math is a set of skills that enables managers, sales associates, and other retail employees to perform essential tasks at both the retail and manufacturer level.

What Is Sell-Through Rate And How To Calculate It
What is Sell-Through Rate and How To Calculate It

Sell-through rate is use to determine how much inventory they sell in a certain amount of time.

Cloudinary Survey Finds Nearly 46% Of Abandoned Carts Due To Fit Uncertainty
Cloudinary Survey Finds Nearly 46% of abandoned carts due to fit uncertainty

A recent global survey conducted by Cloudinary, the image and video platform for many top brands, has revealed that effective use of visual content in e-commerce marketing can significantly reduce product returns.

What Is A Category Killer In Retail: Examples
What Is a Category Killer in Retail: Examples

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 recent years.

Backorder: What It Is, Example And How To Manage
Backorder: What It Is, Example and How To Manage

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 date.

What Is The Cost Of Goods Sold (Cogs) For Retailers
What is the Cost of Goods Sold (COGS) for Retailers

Retailers need to track the cost of goods sold (COGS) to ensure they are profitable and reporting expenses to the IRS correctly.

What Is Retail Shrinkage And How Does It Affect Your Business
What Is Retail Shrinkage and How Does It Affect Your Business

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.

What Is Dead Stock And Why Is It A Problem For Retailers
What is Dead Stock and Why Is It a Problem for Retailers

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.

Aging Inventory In Retail: Analysis &Amp; How To Maximize Profits
Aging Inventory in Retail: Analysis & How To Maximize Profits

The success of any retail business depends on many factors, but the most crucial one is the right inventory management.

Becoming A Luxury Retail Buyer: Everything You Need To Know
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 path for you.

How To Sell More In Your Retail Store
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.

Self-Checkout Clears Sales Floor Space
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 streamlined shopping experience.

100 Precent Price Hikes: Inflation Hits Drugstore Beauty Retailers
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.

95 Percent Of New Products Fail — Here Are 10 Steps To Succeed
95 Percent of New Products Fail — Here Are 10 Steps to Succeed

The success rate of new products launched into retail stores varies depending on the source. According to Harvard Business School professor Clayton Christensen, approximately 95% of the 30,000 new products introduced each year fail.

What Are The Types Of Visual Merchandising?
What are the types of visual merchandising?

Visual merchandising is a crucial aspect of retail that involves the presentation and display of products in a store to attract customers and drive sales.