Top 10 English Slangs for Retail Buyer

Top 10 English Slangs for Retail Buyer 1. 'Out of Stock' vs. 'Sold Out' When an item is no longer available, you can say it's either 'out of stock' or 'sold out.' While both phrases convey the same meaning, 'sold out' often implies a higher demand or popularity for the product. So, as a buyer, if you hear that an item is 'sold out,' it might be worth considering restocking it in the future. 2. 'Markdown' and 'Clearance' As a buyer, you'll often come across these two terms. 'Markdown' refers to a reduction in the original price of an item, usually due to factors like seasonality or excess inventory. On the other hand, 'clearance' indicates a significant reduction in price to quickly sell off remaining stock. Understanding the difference between these two slangs helps you make informed decisions about pricing and promotions. 3. 'PO' and 'Invoice' In the retail buying process, 'PO' stands for 'purchase order.' It's a document sent by the buyer to the supplier, detailing the items, quantities, and agreed-upon terms. Once the goods are received, the supplier issues an 'invoice,' which is a request for payment. Familiarizing yourself with these slangs ensures smooth transactions and avoids any confusion or delays. 4. 'Endcap' and 'Planogram' When it comes to store layout and merchandising, 'endcap' and 'planogram' are two important slangs. An 'endcap' refers to the display at the end of an aisle, often used for promotional or high-demand items.