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What Is Retail Management
Retail management looks at all the elements surrounding the sales of goods or services to customers, refining and enhancing this experience for the customer in order to increase sales. The task of a retail manager is to look at every element of the customer experience and see how this can be optimised to maximise profit for the retailer....
What Is Retail Management
Retail management looks at all the elements surrounding the sales of goods or services to customers, refining and enhancing this experience for the customer in order...
What Is A Retail Store?
A retail store is a place of business where goods, or sometimes, services are sold, usually to the end consumer. Retail stores can vary widely in size,...
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...
What Is Specialty Retail?
Specialty retail is a way of referring to retail stores which focus on a specific product category or sub-category, rather than a broad range of product...
What Is Retail Therapy
Retail therapy is a term used to describe shopping with the intention to improve the buyer’s mood. Retail therapy is emotionally driven and may be a response to...
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...
What Is Retail Sales
Retail sales is the selling of goods to the end user, whether this user is a customer or a business. Examples of this may be a customer buying groceries from a...
What Is Retail Trade
Retail trade is the selling of items on to end customers via retail stores or other sales channels. Businesses which conduct this type of trade are called...
What To Wear To A Retail Interview
The way that you present yourself at any job interview is an important part of your potential new employer’s first impression. The best clothing to wear to an...
What Does SKU Stand For In Retail?
A SKU is a stock keeping unit, a code that helps a business in tracking the inventory and sales of its products. A SKU is for internal use only, and each item your...
What Is Big Box Retail?
Big box retail refers to very large retail stores, which are often box-like in appearance. A big box retailer typically offers a wide range of goods. Some may offer...
What Is Retail Price?
The retail price of an item is the final price for an end user - customer - to buy a particular product for their own use, rather than someone purchasing to sell it on....
Why Are Retail Stores Closing?
The steadily rising number of retail stores closing each year has many contributing factors, with changing customer behaviours and new ways for companies to supply...
What Is A Retail Merchandiser?
A retail merchandiser plays a key role in the retail structure. They act as a link between a retail buyer, who deals with suppliers, and the shop floor, whether real...
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...
Home Lighting Guide
Home décor decisions are often focused on paint and accent colours, design features like flooring, or cabinet styles and material. But home lighting can make...
Fall Home Maintenance Checklist
Fall is rounding the corner, bringing winter in its aftermath. While the weather is still moderate, take time to repair holes, prevent damages, and increase energy...
How To Choose The Best Ceiling Fan
Ceiling fans are an effective and cost efficient way to cool your space. There are an overwhelming number of products on the market and options to consider when...
Ceiling Fan Guide
Ceiling fans are a staple in most homes. We traditionally associate using ceiling fans with long hot summer days and nights. But did you know that you can also use your...
How To Install Track Lighting
You can never underestimate the importance of creating an effective lighting scheme when planning or updating a space. Good lighting design will positively impact your...
Moving Home With Lights: What You Should Know
Author Bio: Jessica is the head of content for Hire A Mover - her father’s removalist company. In her spare time, she enjoys travelling around the world to...
DIY Ping Pong Light Project
DIY Ping Pong Light Project If you fancy doing something different to decorate your home, these ping pong lights are ideal. They’re economical and easy to make, and...