Glossary /
Convenience

Convenience

A small-format retail outlet that offers a limited selection of basic and immediate consumption items, such as packaged foods and drugstore products.

It operates long hours for shopper convenience, catering to quick and essential purchases.

Related Terms

Market Basket Analysis

A data mining tool used to identify patterns of items frequently purchased together by analyzing transaction

Coupon

A document or digital code that grants the holder a discount or rebate on a purchase.

Velocity Analysis

A method of analyzing sales data to identify products with high sales velocity. Velocity analysis helps