Glossary of Retailing Terminology - Index of S Terms
Learn more about the retail business by browsing this dictionary of retailing terminology. The following retail-related words on this page feature definitions of terms beginning with the letter S. For detailed descriptions, view the individual glossary entry page for each term.
Glossary Index: A | B | C | D | E | F | G| H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Glossary Index: A | B | C | D | E | F | G| H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Sales Floor
The sales floor is the location of a retail store where goods are displayed and sales transactions take place. For example, the receiving of merchandise takes place in the stock room, but all direct sales and customer interactions are done on the sales floor.
The sales floor is the location of a retail store where goods are displayed and sales transactions take place. For example, the receiving of merchandise takes place in the stock room, but all direct sales and customer interactions are done on the sales floor.
Sell-Through Rate
Sell-through Rate is a calculation, commonly represented as a percentage, comparing the amount of inventory a retailer receives from a manufacturer or supplier against what is actually sold to the consumer.
Sell-through Rate is a calculation, commonly represented as a percentage, comparing the amount of inventory a retailer receives from a manufacturer or supplier against what is actually sold to the consumer.
Shoplifting
What is shoplifting? Shoplifting is the theft of property which is worth less than $500 and which occurs with the intent to deprive the owner of that piece of property. The crime of shoplifting is the taking of merchandise offered for sale without paying.
What is shoplifting? Shoplifting is the theft of property which is worth less than $500 and which occurs with the intent to deprive the owner of that piece of property. The crime of shoplifting is the taking of merchandise offered for sale without paying.
Shrinkage
Retail shrinkage is a reduction or loss in inventory due to shoplifting, employee theft, paperwork errors and supplier fraud.
Retail shrinkage is a reduction or loss in inventory due to shoplifting, employee theft, paperwork errors and supplier fraud.
SKU
The Stock Keeping Unit (SKU) is a number assigned to a product by a retail store to identify the price, product options and manufacturer.
The Stock Keeping Unit (SKU) is a number assigned to a product by a retail store to identify the price, product options and manufacturer.
Sliding
A loss prevention term referring to the act of a cashier passing merchandise around the cash register barcode scanner without actually scanning the item.
A loss prevention term referring to the act of a cashier passing merchandise around the cash register barcode scanner without actually scanning the item.
Softlines
A store department or product line primarily consisting of merchandise such as clothing, footwear, jewelery, linens and towels.
A store department or product line primarily consisting of merchandise such as clothing, footwear, jewelery, linens and towels.
Standard Industrial Classification Code (SIC Codes)
A coding system using four digits to identify specific industrial sectors within the Federal Government. The first two digits identify the broad industrial sector and the last two digits represent a facility's specialty within this broad sector.
A coding system using four digits to identify specific industrial sectors within the Federal Government. The first two digits identify the broad industrial sector and the last two digits represent a facility's specialty within this broad sector.
Staple Goods
Staple goods are products purchased regularly and out of necessity. Traditionally, these items have fewer markdowns and lower profit margins. While price shifts may raise or lower demand for certain kinds of products, the demand for staple goods rarely changes when prices change.
Staple goods are products purchased regularly and out of necessity. Traditionally, these items have fewer markdowns and lower profit margins. While price shifts may raise or lower demand for certain kinds of products, the demand for staple goods rarely changes when prices change.
Sustainability
Sustainability refers to the characteristic of certain products that provide environmental, social and economic benefit. Sustainable products are produced with minimal energy and packaging. They are considered eco-friendly as they cause no harm to the environment throughout their entire life cycle.
Sustainability refers to the characteristic of certain products that provide environmental, social and economic benefit. Sustainable products are produced with minimal energy and packaging. They are considered eco-friendly as they cause no harm to the environment throughout their entire life cycle.