Fundamentals of Merchandising Math and Retail Buying Plus MyFashionKit -- Access Card Package

by Hoffman, Angella L.

• ISBN13: 9780133075762
• ISBN10: 0133075761
• Edition: 1st
• Format: Package
• Copyright: 2012-03-06
• Publisher: Prentice Hall

Summary

Bridging the gap between current merchandising math textbooks and retail buying textbooks, The Fundamentals of Retail Buying with Merchandising Mathincorporates both buying philosophies and merchandising math. The text's problem-based method of learning incorporates questions and problems that train the reader to thinklike a buyer and encourage group collaboration and critical thinking. Simulated exercises mimic real-life buying responsibilities. Additionally, the order of the chapters and content within each chapter mimic the training of an assistant buyer in a corporate buying office. Providing a full, broad view of the retail buyer’s role, the text also includes the key merchandising math formulae that is the basis of all retail buying analysis.

Table of Contents

UNIT 1: FORMULAS AND BASIC PRINCIPLES

Introduction: Getting Started

Chapter One: Sales and Percent Change

Chapter Two: Percent to Total

Chapter Three: Sell Thru

Chapter Four: Stock-to-Sales Analysis

Chapter Five: Markup & Markdowns

 

UNIT 2: MANAGING THE BUSINESS

Chapter Six: Purchase Orders

Chapter Seven: The Six Month Merchandise Plan

Chapter Eight: Profit & Loss Statement

Chapter Nine: Cooperative Advertising

 

UNIT 3: PRIORITIZING AND NEGOTIATING

Chapter Ten: Buying Simulations

Chapter Eleven: End-of-Season Negotiations

Chapter Twelve: Monday Morning Reports (Sales)

Chapter Thirteen: Monday Morning Reports (Markdowns)