Retail Math: Mathematics for Profitable Merchandising

We recommend printing off the course content reference guide via the button below to assist you in the Retail Math for a Profit: How to Think Like a Buyer courses.

 

Retailing Terminology

  • Retailing is all the business activities involved in planning and procuring goods and services from vendors and pricing, positioning, presenting, packaging, promoting and ultimately selling those goods to the target consumer.
  • Merchandising is all the business activities involved in planning, creating, distributing and marketing merchandise assortments and classifications to the target consumer while reflecting the company image. There are different types of merchandising based on which link or level (i.e., fiber, textile, apparel/home furnishings companies, retail stores) in the supply chain the merchandising is housed.

 

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Terminology of Retail Pricing

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