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Perry's Department Store: A Buying Simulation A Buying Simulation,9781628920154
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Perry's Department Store: A Buying Simulation A Buying Simulation

by ;
Edition:
4th
ISBN13:

9781628920154

ISBN10:
1628920157
Format:
Paperback
Pub. Date:
1/29/2015
Publisher(s):
Fairchild Books
List Price: $101.33

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This is the 4th edition with a publication date of 1/29/2015.
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Summary

Perry's Department Store: A Buying Simulation bridges the gap between the principles of retail buying and mathematical concepts using a unique simulation approach that takes readers step-by-step through a real-life buying experience. Videtic and Steele present a simplified process for making complex buying decisions using the fictitious Perry's Department Store that walks students through the steps a new buyer would take to complete a six-month buying plan and a merchandise assortment plan for categories including junior, misses’ bridge/contemporary, men’s, children’s, denim, accessories, or home fashion.

The fourth edition has been revised with statistical information to reflect a more contemporary structure and business model for a successful department store. The new Perry’s Department Store is organized to reflect a larger-scale department store in today’s market. Students interact by researching current market and industry trends to build their business. The charts and worksheets in this book and companion website, Buying Simulation STUDIO, are replicas of those found in the retail and wholesale industry to expose student to the procedures and policies they can expect to find in a first job as an assistant buyer. This new edition and Buying Simulation STUDIO launches students directly into the exciting role of a retail buyer in the fashion industry.

Author Biography

Karen M. Videtic is a Professor in the Department of Fashion Design and Merchandising at Virginia Commonwealth University, USA, where she has taught has taught retail buying, fashion merchandising, retail entrepreneurship, management, and fashion promotions since 1984.

Cynthia W. Steele is Creative Director for C & F Enterprises/ Gallerie II, USA, where she is responsible for trend and design direction for the company. Formerly an Assistant Professor in the Department of Fashion at Virginia Commonwealth University, USA, she has taught courses in apparel industry, retail buying, merchandising, trends and fashion promotion. Her professional background includes product development in textiles, seasonal trim, gift, decorative accessories and home decor, over ten years in sales management in the gift and decorative accessories industry and over 15 years in retail buying and management for department and specialty stores.

Table of Contents

Preface
Introduction: Perry's Background Information and How to Use this Simulation
Chapter 1: Step 1: Redefine Customer
Chapter 2: Step 2: Research Current Trends
Chapter 3: Step 3: Develop Buying Plan
Chapter 4: Step 4: Develop Stock Plans
Chapter 5: Step 5: Shop the Market
Chapter 6: Step 6: Plan Market Purchases
Chapter 7: Step 7: Negotiating Profitability
Chapter 8: Step 8: Examine Income Statement
Chapter 9: Buyer’s Role in Product Development
Chapter 10: Career Opportunities in Retail Buying
Appendix A: Retailing Formulas
Glossary
Bibliography
Index


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