Retail

Army and Air Force Exchange Service

A U.S. military organization providing retail and support services to armed forces members. It operates stores and services on military bases worldwide.

Association of Banking and Retail Finance Institutions

A collaborative organization for financial service providers that operate in both banking and retail financing sectors, addressing regulatory compliance, technology integration, and consumer protection issues.

Association for Retail Technology Standards

An organization that develops and promotes open technology standards for the retail industry. ARTS creates frameworks and protocols for point-of-sale systems inventory management customer data handling and retail analytics that enable interoperability efficiency and innovation across the retail technology ecosystem.

Business to Consumer

A business model in which companies sell products or services directly to individual end users rather than to other businesses. B2C commerce focuses on consumer psychology, brand building, and creating streamlined purchasing experiences, with marketing strategies designed to appeal to individual preferences and needs.

Buy Now Pay Later

A type of short-term financing that allows consumers to make purchases and pay for them at a future date, often interest-free. A rapidly growing alternative payment method in e-commerce.

Ingvar Kamprad Elmtaryd Agunnaryd

A multinational conglomerate that designs and sells ready-to-assemble furniture, kitchen appliances, and home accessories, named after the initials of its founder Ingvar Kamprad and his childhood farm Elmtaryd in the village of Agunnaryd.

Retail Point of Service and Customer Systems

Technology platforms that manage sales transactions, inventory lookups, customer records, and promotional activities at store locations and consumer touchpoints.