By What does Aur stand for in retail?
average unit retail
Stands for average unit retail. AUR is a metric used to track the per unit retail value of inventory sold, held, or in transit. It is calculated as: total retail value of goods / total units.
What does Aur mean in business?
Average Unit Retail (AUR) is the average selling price of an item. It is calculated by dividing the total sales in dollars by the number of items sold and is often used to compare sales across different departments or categories.
What is POG in planogram?
Planograms, also known as plano-grams, plan-o-grams, schematics and POGs, are visual representations of a store’s products or services on display. They are considered a tool for visual merchandising.
How can I increase my Aur in retail?
How to Increase Your Store’s Average Transaction Value
- Get your salespeople to upsell and cross-sell.
- Use merchandising to your advantage.
- Use the right promotions to increase purchase values temporarily.
- Beef up your loyalty program.
- Offer free shipping on unavailable items.
- Be flexible with payments.
What does IMU mean in retail?
initial markup
The best strategy to increase gross margin is to increase initial markup when pricing items. Initial markup (IMU) measures the amount of potential profit in the retail price of inventory. It is the difference between what an item costs from the vendor and what the retail price is that consumers pay.
How is IMU calculated in retail?
Initial markup (IMU) is the difference between the sales price of a product and its cost. To calculate the IMU percentage, subtract the cost from the sales price, then divide by the cost and multiply by 100.
What is the full meaning of Aur?
Acute Urinary Retention. AUR. American University of Rome (Italy)
What does AUV stand for in sales?
average unit volume
What’s AUV? Shake Shack (SHAK) calculates its AUV (average unit volume) by dividing the total company-operated sales by the total company-operated units.
What does Pog mean at Target?
Planogram
POG, Plano, Planogram, or “Pee-Oh-Gee” as one of my vendors likes to call it… is a visual representation of how we want our products to look in stores. We have multiple rooms in our HQ where buyers can set up actual product samples to figure out how to best merchandise future assortments.
What is retail basket size?
Average basket size refers to the number of items getting sold in a single purchase. It is the equivalent of total units sold ÷ number of invoices. Depending on the kind of business, average basket size can be a very important metric.
How is MMU retail calculated?
Maintained Markup = Actual Retail Price – Cost / Actual Retail Price. As MMU is usually expressed in percentage. Multiply the result obtained with 100 in order to express it as a percentage. In other words, maintained markup is the actual selling price minus the cost of the product.