The 40 Retail Terms All Modern Point of Sale Retailers Should Know

The 40 Retail Terms All Modern Point of Sale Retailers Should Know It has been said that approximately 4,000 words are added to the English dictionary every year. Incidentally, chief executive of Oxford University Press, Nigel Portwood, feels it unlikely that it will ever be printed again. This is obvious when you consider that the second edition, published in 1989, was an astounding 21,728 pages filling 20 volumes. With modern technology, Webster’s Dictionary has about 2 million visitors each month so in no way are they moving into obscurity, but they are proving to be ecofriendly (and eco-friendly was added to the dictionary in 1989 in case you were wondering). And speaking of new words, many of them are based on the fascinating technology obsessed world we live in. Regardless, if you have a degree in business or extensive experience in management, there are mountains of new terms that are hitting the retail world. So sit back and buckle up as we quickly and concisely get you up to date on the latest lingo in capitalism. Anchor Store- Also known as “draw tenant”, “anchor tenant”, or “key tenant”, an anchor store is one of the largest (or the largest) store in a mall or shopping center. It’s tends to be a well-known department store or retail chain with the benefit of bringing in a ton of foot to neighboring small or medium retailers.