Retail Math

Introduction to Expanded Profit and Loss Statement: Calculating the P & L Components

This course expands information about the major components and provides added knowledge about the contents within those components

Introduction to Skeletal Profit and Loss Statement: Calculating the P & L Components

It examines the relationship of Net Sales, Cost of Goods Sold, Gross Margin, Operating Expenses and Operating Profit plus the interrelationships...

Calculation Stage for Development of the Six Month Plan

Based upon the information found in the previous stages, the buyer has a substantial foundation upon which to make decisions for a realistic...

Collection of Numerical Data Information Stage for Development of the Six Month Plan

Stage 2 of developing the Six Month Merchandise Plan is the collection of numerical data that must be analyzed in order to build a basis for...

Pre-Planning Stage for Development of the Six Month Plan: The Environmental Scan

This stage provides the foundation for making critical decisions relating to the calculation of the future merchandise plan.

Retail Math: Developing the Six Month Merchandise Plan

Retailing is all the business activities involved in planning and procuring goods and services from vendors and pricing, positioning, presenting...

Retail Math: Mathematics for Manipulating Profit Variables

The term Income Statement implies success of the retailer’s accomplishment to meet planned sales goals or to bring in revenue, while the Operating...

Retail Math: Pricing Decisions

As previously discussed in Part 2, retail pricing is based on both quantitative and qualitative decisions and is both an art and science.

Retail Math: Mathematics for Profitable Merchandising

Retailing is all business activities involved in planning and procuring goods and services from vendors and pricing, positioning and presenting...

Markup as a Merchandising Tool: Basic Merchandising Mathematics

Merchandising is all the business activities involved in planning, creating, distributing and marketing merchandise assortments and classifications...

Retail Math: Effective Markdown Techniques: Planning Markdowns

The buying process is both a science and art. Therefore, the process is impacted by the buyer’s intuition.

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