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January 21, 2020 • Retail
What Is A Retail Clerk?
A retail clerk may also be referred to as a sales associate or sales clerk. Retail clerks are effectively service staff working on the shop floor of a retail...
January 29, 2020 • Retail
What Does MAP Stand For In Retail?
In a retail context, MAP stands for ‘Minimum Advertised Price”. This is the lowest price, decided by the manufacturer of a product, which they will allow that...
January 29, 2020 • Retail
What Is A Good Profit Margin For Retail?
When considering profit margin for retail stores is it important to remember the difference between gross or net margin. The gross profit margin is calculated...