Percentage of the final selling price that is (gross) profit. #RetailPlanning #FinancialManagement #Pricing #RetailSelling
The physical characteristics of a store that are used to develop an image and to draw customers. #VisualMerchandising #RetailSelling
Founded in 1900, the ABA is a not-for-profit trade organization whose mission is to protect the well-being of retail bookstores and promote the availability of books. #GeneralHistoryofRetailing #RetailSelling
Prices at which demand for a given product stay relatively high. Also referred to as pricing strategy. #RetailSelling #Pricing #FinancialManagement #RetailPlanning
A percentage expression using an item's cost price as its computational basis. To calculate: Selling Price = Cost Price x (1 + margin percentage expressed as a decimal) . Here is the difference between the same percentage of Markup and Margin Example of...
The practice of recommending books or other merchandise to customers through displays, newsletters, postcards, reading groups, and casual discussions in the store; often used in referring to promoting independent titles through word of mouth. #RetailSelling
Retailers who offer a limited number of product lines through which they strive to attain classification dominance. #RetailSelling
Another term for clothing. #RetailSelling
The edition produced for general commercial sale, as distinguished from a limited edition. #RetailSelling
Consists of a publisher’s new books published during the current season. A front list title is one slated for release or just published. #RetailSelling