Brick and mortar retail has been around for centuries, but it has evolved with time. The term “brick and mortar” (also sometimes used as “bricks and mortar”) was created in contrast to online shopping or e-commerce.
Everyday Low Pricing is a strategy where the products are provided to consumers at a lower cost or a discounted price over a longer time at a constant rate instead of releasing sale events.
Consignment selling is a business model that allows individuals or businesses to lend out their items to a shop that contracts to sell them at an agreed price and split the proceeds in accordance with an agreed formula.
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.
Retailers need to track the cost of goods sold (COGS) to ensure they are profitable and reporting expenses to the IRS correctly.
Fashion is always changing, and keeping up with the latest trends can be a challenge. One way to stay on top of what’s in style is to understand fashion seasons.
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.
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.
Direct-to-consumer (DTC) is a sales strategy where manufacturers and consumer packaged goods (CPG) brands sell their products directly to their customers instead of selling them through retailers and wholesalers.
In today’s competitive landscape, building a strong brand identity is crucial to the success of any business.
Average transaction value (ATV) is a critical metric for retailers. It measures the average amount of money a customer spends on a single purchase, giving you valuable insights into consumer behavior and spending patterns.
The success of any retail business depends on many factors, but the most crucial one is the right inventory management.
Average Order Value (AOV) is a metric that helps retailers understand their customers’ purchasing behaviours. An average order value tracks the average dollar amount spent every time a customer places an order.
When it comes to retail, an anchor store is a term that is widely used. But what does it mean?
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.
Leasing retail space is a complex process that involves more than just finding the right location.
Direct-to-consumer (DTC) brands have experienced significant growth in recent years, thanks to their innovative marketing strategies and strong online presence.
In today’s competitive retail landscape, it is essential for store owners to continually find ways to increase sales and improve customer satisfaction.
Retail real estate is a vital segment of the commercial property market that focuses on properties used for selling consumer goods and services.
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.