- Global Scenario
- Retail chain Reviews
Retail Glossary 'C'
Submitted by admin on Mon, 01/05/2009 - 17:38.
Ad Slick, Atmosphere, ambiance, Acid-Test Ratio, Anchor Store, Brand Awareness, Blue Law, Break-Even Point, Bill of Lading, Brick and Mortar stores, Big Box Stores
This is the discount in price if payment is done within a specified period of time.
The movement of money in and out of a business and the resulting availability of cash.
A large retail chain store that is dominant in its product category. This type of store generally offers an extensive selection of merchandise at prices so low smaller stores cannot compete.The existence of a category killer will eliminate almost all market entities (killing competitors in the same category). E-Bay can be as an example of a category killer as it holds more than three quarter of online auction B2C, C2C market. Another example is Toys “R” Us,the biggest toy store in US.
One of a number of retail stores under the same ownership and dealing in the same merchandise. Examples are many, wall mart, Carrefour, big bazaar, shoppers stop stores etc.
Comparable-store sales is a measurement of productivity in revenue used to compare sales of retail stores that have been open for a year or more.Historical sales data allows retailers to compare this year's sales in their store to the same period last year.
Contribution Margin is the difference between total sales revenue and total variable costs. The term is applied to a product line and is generally expressed as a percentage.
Cost of Goods Sold
The price paid for the product, plus any additional costs necessary to get the merchandise into inventory and ready for sale, including shipping and handling.
These are promotional tool in the form of a paper document (or code in online market) that can be redeemed for a discount when purchasing goods or services. This can be loyalty coupons, volume coupons , promotional coupons etc.
CRM - Customer Relationship Management
Customer Relationship Management (CRM) is a business strategy designed to reduce costs and increase profitability by strengthening customer loyalty.
Cyber Monday is one of the busiest shopping days of the year for online retailers. Online retailers notice an increase in sales on Monday as many consumers who were too busy to shop over the weekend or did not find what they were looking for, headed to the web on Monday from work or home to find bargains.
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