Creates bespoke branded merchandise for businesses and customers. Offers gift-with-purchase promotions to drive sales and loyalty. Provides staff and trade apparel designed for brand promotion. Assists with fundraising initiatives and sponsorship partnerships. Supports social and environmental initiatives through merchandise
Convenience merchandise includes basic food and hygiene products. Impulse merchandise consists of luxury items like sweets and magazines. Household and electronic merchandise requires research and high prices. Specialized merchandise includes niche products like holidays and rare cars
MSRP is the manufacturer's recommended retail price reflecting all costs. It serves as a reference point for consumer willingness to pay. Standardizes prices across different retail locations. Ensures fair returns for manufacturers and retailers
Merch is unique items sold by brands with different business focus. Value comes from message rather than practical function. Customers purchase for cultural affiliation
Consumer goods are finished products purchased by individuals for their use. Goods are categorized as durable, nondurable, or service items. Durable goods last over three years and are used repeatedly. Nondurable goods are consumed in less than three years. Service goods are intangible purchases like auto repairs
Department stores sell wide range of products organized into different departments. First official department store opened in London in 1796. First US department store opened in New York in 1825