Average Order Value (AOV)

Average Order Value (AOV)

An e-commerce metric that is calculated by dividing the total value of all orders over a period of time by the total number of orders over the same period.

Related Terms

Loyalty program

A initiative by a company to incentivize repeat purchases and customer loyalty by offering rewards, discounts,

Product Variants

A specific version of a ‘master’ product that is differentiated by one or more attributes, such

Horizontal Merchandizing

A retail display technique where products are arranged in a left-to-right manner along a horizontal plane.