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Luxury Goods
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Luxury Goods

Definition updated on November 2023

What are Luxury Goods?

Luxury Goods are items that are not essential but are highly desired and associated with wealth and high social status.

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🎨
Mustard Yellow
What is Mustard Yellow in the context of fashion and design?
M
🔘
Polka Dot
What is Polka Dot in fashion?
P
🧇
Waffle Knit
What is Waffle Knit in textiles?
W
👗
Vintage-inspired Styles
What are Vintage-inspired Styles in fashion?
V
👖
High-rise Jeans
What are High-rise Jeans?
H
🎆
New Year’s Eve outfit
What does a New Year’s Eve outfit entail?
N
🍸
Cocktail Dress
What is a Cocktail Dress?
C
🎉
Bachelorette Party Dress
What is a Bachelorette Party Dress?
B
👠
Girl’s Night Out
What is a Girl’s Night Out outfit?
G
🎶
Club Dress
What is a Club Dress?
C
💼
Professional Attire
What defines Professional Attire?
P
🎩
Formal Wear
What constitutes Formal Wear?
F
👖
Casual
What is Casual wear?
C
👔
Business Casual
What is Business Casual attire?
B
🌾
Linen
What is Linen as a textile?
L
🐑
Merino Wool
What is Merino Wool in clothing?
M
🖤
Velvet
What is Velvet in fabric?
V
👶
Baby Fit
What is Baby Fit in fashion?
B
🦓
Ribbed
What is Ribbed fabric in fashion?
R
🧣
Classic Knit
What defines Classic Knit in fashion?
C
🔅
Open Knit
What is Open Knit in clothing?
O
🧶
Cable Knit
What is Cable Knit in garments?
C
▼
Chevron
What is Chevron in patterns?
C
🔲
Plaid
What is Plaid in textile designs?
P
🔳
Striped
What does Striped mean in fashion patterns?
S
🍷
Burgundy
What is Burgundy in the context of color in fashion?
B
🍇
Wine Red
What does Wine Red signify in clothing?
W
🌰
Maroon
What is Maroon as a color in fashion?
M
🧥
Oversized
What does Oversized mean in clothing styles?
O
📏
Big and Tall Size
What is Big and Tall Size in clothing?
B
👗
Plus Size
What is Plus Size in fashion?
P
🇺🇸
American Vintage
What is American Vintage?
A
📷
Vintage
What is Vintage?
V
🚀
Exclusive Release
What is an Exclusive Release?
E
👟
Limited Edition Sneakers
What are Limited Edition Sneakers?
L
⌚
Antique Watches
What are Antique Watches?
A
👚
Vintage Clothing
What is Vintage Clothing?
V
👗
High-end Fashion
What is High-end Fashion?
H
💎
Luxury Goods
What are Luxury Goods?
L
🔄
Resale
What is Resale?
R
💻
Online Bidding
What is Online Bidding?
O
⚔️
Bidding War
What is a Bidding War?
B
🏛️
Auction House
What is an Auction House?
A
📈
Overstock
What is Overstock?
O
🧾
Inventory Liquidation
What is Inventory Liquidation?
I
🏷️
Consignment
What is Consignment?
C
📦
Dropshipping
What is Dropshipping?
D
💻
Online Sales
What are Online Sales?
O
🔁
Retail Arbitrage
What is Retail Arbitrage?
R
💲
Competitive Pricing
What is Competitive Pricing?
C
🎯
Core Competency
What is Core Competency?
C
📊
Marketshare
What is Marketshare?
M
🛍️
Thrift
What is Thrift in the context of retail?
T
🖼️
NFT
What is an NFT?
N
📘
Facebook Marketplace
What is Facebook Marketplace?
F
⛓️
Supply Chains
What are Supply Chains?
S
💻
Ecommerce
What is Ecommerce?
E
🔨
Auction
What is an Auction?
A
🔄
Trade
What is Trade in economics?
T
🏪
Retailer
What is a Retailer?
R
⚖️
Marché Gris
Qu'est-ce que le marché gris ?
G
📦
Wholesale
What is Wholesale?
W
💱
Exchange
What is an Exchange in commerce?
E
🛒
Mercado
What is a Mercado?
M
🛑
Black market
What is the Black Market?
B
👷
Labor market
What is the Labor Market?
L
🌳
Gumtree
What is Gumtree in the context of online marketplaces?
G
📉
Monopsony
What is a Monopsony?
M
🏘️
Seller's market
What is a Seller's Market?
S
👥
Buyer's market
What is a Buyer's Market?
B
💸
Sale
What is a Sale in commerce?
S
🌐
Global
What does Global mean in economic terms?
G
🛒
Consumer
Who is a Consumer?
C
🏭
Industry
What is an Industry?
I
📣
Commercial
What is Commercial in business?
C
🛍️
Retailing
What is Retailing?
R
🛒
Mart
What is a Mart in retail?
M
🏛️
Agora
What was an Agora in ancient civilizations?
A
📈
Oligopoly
What is an Oligopoly?
O
⚡
Outlet
What is an Outlet in commerce?
O
🔍
Craigslist
What is Craigslist in the context of online marketplaces?
C
🛍️
Bazaar
What is a Bazaar in commerce?
B
👥
3P – Third-Party Sellers
What is the role of 3P (Third-Party) sellers on e-commerce platforms?
T
👥
1P – First-Party Sellers
Who are 1P (First-Party) sellers and how do they operate on e-commerce platforms?
F
🛒
WS - Wholesale
What is the meaning of WS (Wholesale) and how does it relate to product distribution?
W
👥
VC – Vendor Central
What is VC (Vendor Central) and how does it relate to Amazon's vendor management platform?
V
⚪
WL – White Label
What is WL (White Label) and how does it apply to products and branding?
W
🔤
UPC – Universal Product Code
What is a UPC (Universal Product Code) and how does it contribute to product identification?
U
👤
VA – Virtual Assistant
What is a VA (Virtual Assistant) and how do they support various tasks and operations?
V
🔖
SKU – Stock Keeping Unit
What is an SKU (Stock Keeping Unit) and how does it uniquely identify products?
S
💬
RFQ – Request for Quote
What is an RFQ (Request for Quote) and how does it facilitate procurement and sourcing?
R
🚚
SFP – Seller Fulfilled Prime
What is SFP (Seller Fulfilled Prime) and how does it allow sellers to offer Prime benefits?
S
🔍
SEO – Search Engine Optimization
What is SEO (Search Engine Optimization) and how does it impact website visibility and traffic?
S
🏪
SC – Seller Central
What is SC (Seller Central) and how does it serve as a hub for Amazon sellers?
S
💰
ROI – Return on Investment
How is ROI (Return on Investment) calculated and used to evaluate business performance?
R
🛍️
RA – Retail Arbitrage
What is RA (Retail Arbitrage) and how does it play a role in e-commerce strategies?
R
💲
PPC – Pay-per-Click
What is PPC (Pay-per-Click) and how does it work in digital advertising?
P
👤
PL – Private Label
What is PL (Private Label) and how does it apply to products in the market?
P
🏭
OEM – Original Equipment Manufacturer
What is an OEM (Original Equipment Manufacturer) and how does it fit into the supply chain?
O
🛍️
PED – Prime Exclusive Discount
What is a PED (Prime Exclusive Discount) and how does it benefit Amazon Prime members?
P
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