Retail Terminology – J
J
Joint Promotion
Joint promotion involves two or more businesses collaborating on a marketing campaign to boost sales and brand awareness. These partnerships allow companies to share costs, resources, and customer bases, thereby increasing the reach and effectiveness of their promotional efforts.
Just-In-Time Inventory (JIT)
Just-in-time inventory is a management strategy in which goods are received only as they are needed in the production process or for immediate sale. This approach minimizes inventory holding costs and reduces excess stock, improving efficiency and reducing waste.
Jobber
A jobber is an intermediary that buys bulk products from manufacturers or wholesalers and sells them to retailers in smaller quantities. Jobbers often serve niche markets or specific retail sectors, providing smaller stores with more flexibility and access to diverse products.
Jewelry Store
A jewelry store sells various jewelry items such as rings, necklaces, bracelets, earrings, and watches. These stores may offer items made from precious metals and gemstones, provide custom design services, and conduct appraisals and repairs.
Jumbo Display
A jumbo display refers to a large, prominent screen or digital signage used in retail to attract attention and engage customers. These displays are typically used for advertising, showcasing promotions, or enhancing the shopping experience through interactive features.
J-Curve Effect
The J-curve effect describes a phenomenon where costs initially increase before decreasing. In the retail context, this can occur when implementing new technologies or business processes. Initially, there is an investment phase, but over time efficiencies are realized, leading to lower operational costs.