An independent retailer that affiliates with other independent retailers under a common trade name for merchandising and advertising purposes.
An affiliated wholesaler refers to a wholesaler who sponsors or owns a group of affiliated retailers, or a wholesaler who affiliates with other wholesalers under a common trade name for merchandising purposes.
A blowout refers to the rapid sale of items or securities at very low prices in merchandising and securities markets. In the context of merchandising, it typically involves retail items sold quickly at steep discounts, whereas, in securities, it entails the rapid, complete sale of a new offering of shares.
Drop-Shipping is an e-commerce model where retailers sell products without storing them in their own inventory. Instead, customer orders are fulfilled directly by the supplier who ships the products directly to the end customer.
An island display is a merchandising strategy where products are showcased in the aisle of a retail store, typically utilizing racks or fixtures. It is designed to attract customer attention and encourage impulse purchases.
Goods and commodities sold at the retail level. Merchandising is the buying, presenting, and selling of merchandise, including related activities like advertising, displaying, and promoting them to retail customers.
The planning and activities involved in marketing the right merchandise or service at the right place, time, quantities, and price to stimulate sales through effective promotional strategies.
An individual responsible for directing the merchandise sales effort for a manufacturer, retailer, wholesaler, distributor, dealer, or advertising agency.
Open distribution refers to the distribution model where the same merchandise can be sold within a specified region or area by different dealers. This model imposes no restrictions on the number of products a dealer can sell, offer for sale, or deliver to retailers, and allows dealers to carry competitive lines.
Open-to-buy (OTB) is a budgetary control system used by retailers to manage inventory purchases. It allows retailers to order merchandise based on actual sales trends while providing flexibility to adjust for unexpected changes in sales, markdowns, and other factors. The OTB method ensures that inventory levels are optimized, reducing the risk of overstock or stockouts.
Refunding refers to the process of issuing new securities to retire existing ones, aiming to extend the maturity period or reduce the cost of debt service, particularly in finance. In merchandising, it describes returning money to a dissatisfied customer.
Soft goods refer to merchandise that is soft to the touch, including clothing and other textile goods. In the merchandising industry, they are considered nondurable goods.
A Stockkeeping Unit (SKU) is a unique identifier or code, typically alphanumeric, assigned to a product to distinguish it from all other products in a merchant's inventory. It facilitates tracking, managing, and organizing stock effectively.
An establishment used for the purpose of selling merchandise and services, usually at the retail level. Stores range in size from small boutique shops to large modern big box retailers.
