Retail Glossary
Retail has its own vocabulary, and a lot of it gets thrown around without explanation. This glossary breaks down the terms you'll run into when running a store or choosing retail software: POS systems, payment gateways, inventory management, checkout, omnichannel, and more. Each entry gives you a short, jargon-free definition, plus links to our in-depth guides where you want to go further.
Definitions
- Average Transaction Value (ATV)
- BOPIS
- Barcode Scanner
- Card Reader
- Cash Drawer
- Cash Register
- Chargeback
- Cloud POS
- Dynamic Pricing
- EMV
- EPOS System
- Inventory Turnover
- Kitchen Display System
- Loyalty Program
- Merchant Account
- Omnichannel Retail
- POS Integration
- POS Offline Mode
- POS System
- POS Terminal
- Payment Gateway
- Payment Processor
- Receipt Printer
- Retail Environment
- Retail Media Network
- Retail Shrinkage
- SKU
- Self-Checkout Kiosk
- Tap to Pay on iPhone
- What is Agentic Commerce?
- What is Contactless Payment?
- What is Cost of Goods Sold (COGS)?
- What is Customer Lifetime Value (CLV)?
- What is Demand Forecasting?
- What is Dropshipping?
- What is Loss Prevention?
- What is Markup vs Margin?
- What is PCI DSS Compliance?
- What is Print on Demand?
- What is Retail Conversion Rate?
- What is Sell-Through Rate?
- What is Unified Commerce?
- What is Visual Merchandising?
- What is a Planogram?
- What is a Reorder Point?
- What is a Retail CRM?
- mPOS (Mobile POS)