Product

Photograph of dictionary text

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...
A man selecting wine from a collection

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...
A bunch of price tags with Percents off on them

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...