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| items kept in stock on a continuous basis because they are minimally affected by fashion changes |
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| the number of various lines or sku's carried in the assortment |
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| same store sales this year compared to last year (must be open for one year) |
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| when a retailer charges a manufacturer for late shipment or other problem related to shipping such as not following specific instructions |
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| advertising or promotional money that is provided by the manufacturer in exchange for the purchase of goods and name recognition in promotional efforts |
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| handling facility where merchandise comes in from vendors/consolidators and is then routed to specific stores |
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| the number of units in each sku carried in the assortment |
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| non-apparel or non-textile items carried in a store |
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| merchandise kept on hand by a manufacturer or retailer (can be stored off site) |
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| large volume items used to drive business |
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| the planning, development and presentation of product lines for target markets with regard to prices, assortments, styling and training; done in corporate offices |
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| usually indicates the store segmentation of business or within a store it is the functions of support services like the dock, back-rooms, janitorial staff, etc.; done in stores |
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| cash register/checkout station |
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| RFIDs/Radio Frequency Identification |
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Definition
| automatic ID method relying on storing and remotely retrieving data because of a shipment problem, pieces that have been damaged or overstocks which are negotiated for return (track inventory, merchandise) |
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| RTW/RTM (return to vendor/return to manufacturer) |
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Definition
| when merchandise is returned to the vendor either because of a shipment problem, pieces that have been damaged or overstocks which are negotiated for return on account |
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| clothing that is mass produced |
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| generally speaking apparel items plus home textiles and other textile products and accessories carried in a store |
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| used for inventory tracking, usually designated with a number (bar codes) |
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| putting new items into only some stores for the purpose of getting sales readings to better be able to anticipate needs and make buys |
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| supplier of goods to be used or sold (sometimes aka manufacturer) |
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| buying from a pre-approved list of vendors |
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| an individual or firm with connections in a country or region where products are being sourced; they act on behalf of the company that hires them to help with finding factories to produce and perform other functions of production of goods |
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| clothing developed by a manufacturer and sold to many retailers under the trademark brand (can be bought by all stores) |
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| CAD/computer aided design |
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Definition
| system used to design tasks and give the designer the ability to experiment with ideas about styles, colors, fabrics, etc. |
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| CAM/computer aided manufacturing |
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Definition
| used to enhance performance of manufacturing tasks |
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| contractor who performs all the production operations to produce a style |
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| a company's policy on human rights and environmental issues at factories producing for them |
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| business in the industry that one subscribes to for research on color or trends for future seasons |
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| second party hired to produce goods or do any part of the production process |
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| a firm that buys greige goods from mills, contracts the dyeing, printing and/or finishing and sells finished piece goods |
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| legal protection of the rights of an artist, in the case of retail industry a fabric or print |
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| imitation of goods that are sold illegally |
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| country where major production is completed in a product |
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| products or textiles made in USA |
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| a fee imposed on goods brought into a country for the purpose of reducing competition with domestic production |
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| hold on trade (usually at customs) until a trade issue, or related paperwork, can be resolved |
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| merchandise produced and sold out of a country |
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| materials used in garments other than piece goods such as trims, threads, closures, labels, etc. |
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| undyed, unfinished fabrics which are later dyed closer to the time of need |
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| goods that are brought into a country |
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| intellectual property rights |
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| legal protection for exclusive use by owners of copyrights, trademarks, patents, trade secrets, or trade dress |
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| fabric that is made by interlooping of either vertical or horizontal sets of yarns *stretch! |
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| the legal copy or near copy of the general idea of a design shown by another firm under a different brand name |
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| the process by which a manufacturer pays a fee (royalty) to an individual or company for the privilege of affixing the licensor's name, trademark, or logo to the licensee's products |
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| the total process of planning, enacting, and coordinating the physical movement of merchandise from supplier to retailer to customer in the most timely, effetive and cost-efficient manner possible |
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| fabric used in the production of goods |
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| brand developed by or for a specific retailer, also called store brand or private brand |
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| the effort applied to assure that the end products meet the requirements set for production |
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| limit on items that may be imported |
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Definition
| comprehensive business strategy consisting computer linkages and inter-industry partnerships to speed up the production and delivery of goods; purpose=lower inventory levels while keeping in-stocks |
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| number assigned by the federal trade commission to identify a product's producer |
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| name or symbol used for identification followed by R with a circle around it; indicates registration of intellectual property with the US patent and trademark office |
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| a process to temporarily reinstate quota to restrain international trade to protect certain home industries from foreign competition; prevents overimport; acts as barrier to protect quota outside US and protect domestic production |
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| determining where textiles and/or apparel can be obtained and how and when this will be dones |
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| size specifications used in production of products; measurements |
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| refers to the shape and specific features of products itself that are not only distinctive, but also identify the manufacturer of the product; deters companies from making exact copies of another's product |
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| a company that engages in all processes of production and distribution from spinning to weaving, finishing and selling garments |
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| interlacing of at least 2 sets of yarns in vertical and horizontal interlacing; has a grainline; no stretch! |
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| report generated by a public company to inform their shareholders and give a review of the previous year's business |
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| any items of monetary value that a company owns |
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| amount paid for the item by the retailer to the manufacturer |
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| fiscal calendar/4-5-4 calendar |
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| calendar used by most retailers, starts with February, ends with January; five weeks in March, June, September, December |
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| the remaining dollars after subtracting the total cost of goods sold from the total retail net sales |
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| total initial sales dollars prior to the deduction of customer returns and allowances (sales at cash register before deductions) |
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| doubling the cost of an item to create a retail price |
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| a reduction in retail price |
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| the difference between the cost and the retail price |
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| percent of a total market classification of business that is done |
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| sales totals after customer returns and allowances have been deducted from gross sales (initial sales at cash register) |
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Definition
| the difference between planned purchases and purchase commitments already made by a buyer for a given time period; how much the buyer has left to spend for that month and is reduced each time a purchase is made |
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| percent to the total business |
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| the efficiency with which a retail strategy is carried out |
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| the dollar amount remaining after costs and expenses are paid |
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| profit and loss statement |
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| statement prepared periodically that summarizes the basic factors leading to profit results |
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Definition
| price at which the stores offer the merchandise; cost of merchandise plus mark-up |
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| lessening of retail value of stock on hand, generally due to theft, inventory counting mistakes and/or paperwork errors; difference between book inventory and physical inventory |
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| how a business is doing compared to last year |
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| how quickly or slowly stock is turning over |
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