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Retail turnover
The number of times the total value of products displayed in retail stores is sold and replaced each year. For example, if a store sells $5,000 worth of a product at cost to stores each year and maintains a $500 inventory, turnover is 10.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Retail
- Category: Supermarkets
- Company: FMI
- Product:
- Acronym-Abbreviation:
Other Languages:
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