A Buyer's Guide to Retail Mathematics

Bundle Book + Studio Access Card

Marla Greene (Autor)

Media-Kombination

2023
Fairchild Books
978-1-5013-5910-1 (ISBN)

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In A Buyer’s Guide to Retail Mathematics, you will learn the retail math skills needed to be a retail buyer, planner, or store line retailer. This includes the basic formulas that a buyer uses every day and how the formulas work together to maximize profitability. The book begins with the components buyers use for achieving gross margin and profit, followed by how pricing affects the profitability, the inventory amounts necessary for buyers to achieve their planned sales, and the six-month planning process. A description of the buyer’s job explains the variety of tasks a buyer is responsible for, including analyzing reports, working with vendors, the buying process, visualizing the presentation, competitive shopping, and more, to show you how critical the job is to a retailer.

The text has real-life mathematical examples for various retail channels: department stores, off-price retailers, mass-market retailers, fast-fashion retailers, and more. Interviews in every chapter with buyers in the industry highlight situations faced within the industry. Math problems reflect the retailing skills you will need for retailers’ executive training programs. Case studies cover current industry issues and develop the critical thinking skills you will use as a buyer.

STUDIO Features:
-Excel Spreadsheet math problems for further practice problems
-A selection of Self-Assessment Questions to test yourself on key concepts
-A digital deck of Flashcards to review key terms and formulas

Instructor’s Resources
-An Answer Manual of the math problems showing step-by-step solutions
-PowerPoint Presentations for each chapter
-A Test Bank offering exams for each chapter

Marla Greene is an Associate Professor of Fashion Merchandising and Marketing at LIM College, NYC, USA teaching retailing, buying and planning courses. She has spent 27 years in the retail industry working as a Merchandise Manager/Buyer for Liz Claiborne Outlets, Belk stores, Ross stores and Kids "R" Us. She has taught for 15 years at LIM College coordinating the retail curriculum for all faculty and serves as the faculty advisor for the National Retail Federation Student Association (NRFSA) and as co-mentor for the Fashion Scholarship Fund (FSF) student case study competition.

Preface
Introduction

Part 1: Buyer’s Job
1. Competitive Shopping

Part 2: Making a Profit
2. The Elements of Profit

Part 3: Pricing Merchandise
3. Retail Pricing Strategies and Markup Equations
4. Basic Markup Equations to Use When Making Merchandise Decisions
5. Markdowns: The Repricing of Product

Part 4: Inventory
6. The Retail Method of Inventory
7. Shortages and Overages

Part 5: Six-Month and Assortment Planning
8. Six-Month Dollar Merchandise Plan
9. Turnover, and Gross Margin Return on Investment
10. Stock, or Inventory, Planning Methods
11. Open-to-Buy and Purchase, or Receipt and Assortment Planning

Part 6: Invoice Mathematics: Terms of Sale
12: Invoice Mathematics

Glossary of Formulas
Glossary of Terms
Selected Answers
Index

Erscheint lt. Verlag	15.6.2023
Zusatzinfo	No images
Verlagsort	London
Sprache	englisch
Themenwelt	Kunst / Musik / Theater ► Design / Innenarchitektur / Mode
	Technik
	Wirtschaft
ISBN-10	1-5013-5910-X / 150135910X
ISBN-13	978-1-5013-5910-1 / 9781501359101
Zustand	Neuware