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 forms in this book and companion website 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 companion website launches students directly into the exciting role of a retail buyer in the fashion industry.
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.
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