Retail

Retail Terms & Acronyms

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Retail is a Term describing the retail industry: The sale of goods or commodities in small quantities to consumers. This includes brick-and-mortar stores, mail-order and online (web-based, mobile-app-based) retailers.

Alternative or related names include: Business-to-Customer, Consumer Packaged Goods, Fast Moving Consumer Goods Business-to-Customer

C

CPG (Consumer Packaged Goods)

D

DL (Delivered)

F

FMCG (Fast Moving Consumer Goods)

I

IR (Information Received)
IT (In Transit)

O

OD (Out for Delivery)
OTB (Open-to-Buy)

P

PU (Picked Up)

R

RL1 (Commercial Return)
RL7 (Recall Return)