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Retail Vocabulary

GMROI- gross margin return on investment. Calculated by dividing gross margin dollars by average inventory cost, expressed in dollars; represents number of doll...
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Pareto Principle

You may have heard of the 80-20 rule, formally referred to as The Pareto Principle.  This rule, or principle, states that approximately 80% of results come from...
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What Is MAP Pricing?

Minimum Advertised Pricing- MAP Making the case for MAP enforcement In concept, retail is pretty simple- a retailer buys something (inventory) from a supplier a...