Harfbase

10 retail concepts you should know

1. Gross Margin

The real profit of a product.

Formula

margin = (selling_price - cost) / selling_price

Example

cost = 6
price = 10

margin = 40%

Retailers care about this more than revenue.


2. Inventory Turnover

How fast inventory sells.

Formula

turnover = annual_sales / average_inventory

Example

sold 1000 units
average stock 200

turnover = 5

Meaning: stock rotates 5 times per year.


3. Sell-Through Rate

How much of received stock is sold.

Formula

sell_through = sold / received

Example

received 100
sold 70

sell-through = 70%

Retailers track this to measure product performance.


4. Reorder Point

When to buy more stock.

Formula

reorder_point = daily_sales × supplier_lead_time

Example

daily sales = 5
supplier delay = 10 days

reorder point = 50

If stock drops below 50 → reorder.


5. Dead Stock

Products that do not sell anymore.

Example rule:

no sale for 90 days

Dead stock = frozen cash.

Stores hate it.


6. Basket Size

Average items per purchase.

Formula

basket_size = items_sold / number_of_orders

Example

200 items sold
100 orders

basket size = 2

Retailers try to increase this.


7. Stockout

When a product becomes unavailable.

Stockouts cause:

  • lost sales
  • customer frustration

Good inventory systems try to predict and avoid this.


8. Category Performance

Retailers organize products into categories.

Example:

Dairy
Beverages
Snacks

Managers compare category performance.


9. Lead Time

How long suppliers take to deliver.

Example:

Order today
Delivery in 7 days

This affects inventory planning.


10. Markdown / Promotion

Retailers reduce price to sell slow products.

Example:

Original price: 10
Promotion: 7

This helps remove dead stock.