Automated Teller Machine (ATM): a
Bricks and Mortar: a traditional
retail channel involving any physical outlet, including the High
Street, retail parks, shopping centres, PopUp shops.
Business Improvement Districts (BIDs): a
defined area within which businesses pay an additional tax to
fund projects within that district's boundaries.
Business Rates: a property
tax paid by businesses, including retailers, according to the
rateable value of the property from which they run their business
multiplied by 'a multiplier'.
Click and Collect: a method
of shopping over the Internet, and then picking up the goods at
a physical outlet.
E-Commerce: the purchase
and sale of goods and services over the Internet.
High Street: a retail
channel specifically involving a physical (Bricks and Mortar)
outlet in a town centre (i.e. not out of town).
Local Enterprise Partnerships (LEPs): Established
in 2011 by the Department for Business, Innovation and Skills
to help promote local economic priorities. The 39 Local Enterprise
Partnerships are voluntary partnerships between local authorities
and private businesses.
M-Commerce: the purchase
and sale of goods and services through mobile devices.
Multichannel: a retail
business that trades through multiple channels in combination,
such as physical shops; e-commerce, m-commerce, telephone, television,
radio, and catalogue selling.
Omnichannel: a development
of multichannel retailing, focusing on a more seamless approach
to retail through all available shopping channels, delivered by
Out of Town: shopping
developments situated outside a town or city, often containing
several chain stores, with free parking.
PopUp Shops: typically
small, temporary, retail outlets, leased on a short-term contract.
Portas Pilot Towns: currently
27 towns, which have received a share of Government money following
the Portas Review, for High Street redevelopment.
Portas Review: a review
by Mary Portas into the High Street, commissioned by the Government
and published in December 2011.
Retail Park: an out of
town retail development with multiple, separate stores.
Retail Pathfinder: LEPs
that develop and pilot retail initiatives, arising from the Portas
Review and the Government's Retail Growth Strategy, of which Gloucestershire
LEP was the first.
Retail Policy Forum: a
forum set up by BIS, comprising retailers and Government representatives,
for discussion of policy issues affecting the retail sector.
Town Teams: a group of
local stakeholders in a specific town who work together to develop
a shared view and plan for the future of that town.
Valuation Office Agency: An
executive agency of H M Revenue and Customs, which provides the
Government with the valuations and property advice required to
support taxation and benefits, including Business Rates.