Famous Retail Chains
Usually known for far pricier designs, in 2017 Victoria Beckham collaborated with what "bull's-eye" retailer on a collection of more than 200 items priced from $6 to $70?
Target
Which Shopify retail merchant is currently number one POS shop based on GMV?
Alo Yoga
“Brick and click” refers to retailers that have both physical locations and which type of electric, online selling services?
Ecommerce
According to recent surveys, what percentage of consumers still prefer to shop for clothing in physical stores rather than online?
Approximately 60%
Toast POS is primarily designed for which type of industry?
Restaurants and foodservice.
What kind of animal was Geoffrey, the longtime mascot of the currently-defunct retailer Toys "R" Us?
Giraffe
Founded in 2015, this California-based brand is known for its premium performance apparel that emphasizes comfort and versatility, often inspired by an active lifestyle.
What is Vuori?
What term is given to a type of product distribution in which manufacturers ship products directly to customers on behalf of retailers?
What is dropshipping?
What percentage of Millennials reported using Instagram for product discovery?
Approximately 80%
What year did Shopify POS first launch?
2013
Which major global retail company, known for its affordable flat-pack furniture and home goods, was established by a 17-year-old Swedish entrepreneur named Ingvar Kamprad in the mid-20th century?
IKEA
This beauty brand, launched in 2014 by Emily Weiss, gained fame through its "skin first, makeup second" philosophy and a strong social media presence.
What is Glossier
What’s the term for an extended purchase promise when you buy something big, like an appliance or computer? (Hint: The “lifetime guarantee” refers to the product’s life—not yours!)
What is warranty
What percentage of customers have abandoned a purchase due to long wait times at the checkout?
Approximately 27%.
What is the name of PayPal's mobile POS solution that allows businesses to accept payments on the go?
Paypal here
What “yellow-tag” electronics retailer was founded by Richard M. Schulze and James Wheeler in 1966 and was originally called Sound of Music?
Best Buy
This innovative fitness apparel brand gained traction not only through its product designs but also through early collaboration with social media influencers and a strategic focus on community engagement, resulting in a significant valuation of over $1 billion in 2020.
Gym shark
In retail, this term refers to the total dollar amount of products sold during a specific period, often referred to when analyzing sales performance.
Gross sales
According to recent surveys, what percentage of consumers still prefer to shop for clothing in physical stores rather than online?
Approximately 60%
Clover POS offers multiple hardware options. What is the name of the handheld device designed for taking payments on the go?
Clover Flex
Known for its multi-story auto "vending machines," what Arizona-based online retailer's name is a combo of a type of automobile and a concept from Buddhism?
Carvana
This eyewear retailer, founded in 2010, revolutionized the industry with its home try-on program, allowing customers to select five pairs of glasses to try before purchase.
What is Warby Parker
This term refers to a strategy that leverages multiple sales channels to reach customers, such as online and brick-and-mortar stores.
What is "omnichannel retailing"?
According to surveys, what percentage of shoppers will choose a store over a competitor due to a better checkout experience?
Approximately 64%
What analytics feature does Square offer that helps merchants track sales trends and customer data?
Square Dashboard