Retail Dictionary

Do you need to check what something means? It is always handy to understand the specialist business jargon whether talking to your accountant, bank manager or other specialists. Retailtoolbox Retail Dictionary lists the meanings of most commonly used words in retail.

T:

  • Trade Credit

    An open account with suppliers of goods and services.

  • Trade Discount

    A discount on the list price given by a manufacturer or wholesaler to a retailer.

  • Triple Net Lease - NNN or Net-Net-Net

    A triple net lease is a rental agreement on a commercial property where the tenant agrees to pay all real estate taxes, building insurance, and maintenance on the property.
 

V:

  • Visual Merchandising

    Visual merchandising is the art of implementing effective design ideas to increase store traffic and sales volume.
 

W:

  • Wholesale

    Wholesale is the sale of goods, generally in large quantity, to a retailer for resale purposes.

  • Word-of-Mouth

    Possibly the most effective form of marketing. It is the verbal recommendation and positive approval by a satisfied customer.

  • Working Capital

    Liquid assets available to build and grow a retail business. It is measured by current assets minus current liabilities. A positive working capital is needed until the shop can produce a profit.