Retail Maths for Merchandisers and Buyers

Name: Retail Maths for Merchandisers and Buyers
Rating: 3.8 (185 reviews)

Learn to apply retail math formulas to everyday merchandising activities.

Created byShashank Jani

Last updated 4/2021

English

What you'll learn

Retail Mathematical Metrics (i.e. KPI's, KRA's, KPA's)
How to Think Like a Buyer
Markup as a Merchandising Tool
Decisions on Pricing
Effective Markdown Techniques

Course content

4 sections • 20 lectures • 1h 33m total length

Introduction1:30
1-1 Introduction5:32
Explore how retail pricing, merchandising, and product management align with the five rights of merchandising—now extended to right color, size, and style—to drive profitable decisions from sourcing to selling.
NEW: DOWNLOAD THE EXERCISE WORKBOOK1:43

2-1-1 Basic Retail Pricing Components – Retail2:19
2-1-2 Basic Retail Pricing Components – Wholesale2:28
2-1-3 Basic Retail Pricing Components – Mark-up9:11
2-2 Individual Markup and Gross Markup9:14
2-3 Average Markups12:27
2-4 Cumulative Markups6:31
Compute cumulative markup dollars and percent for a season using opening inventory, receipts, and purchases. Apply a six-step method to total retail and wholesale costs and derive the season's markup.
2-5 Initial Markups4:33
2-6 Maintained Markups3:55

4-1 Objectives of Markdowns2:14
4-2 Types of Markdowns4:35
4-3 Markdown Policies3:03
Explore how retailers establish markdown policies to time reductions with the selling season, record data, and plan signage using 25/33/50 percent steps.
4-4 Minimizing Markdowns2:42
Minimize markdowns by identifying target consumer segments, assessing demand, and inspecting arrivals for quality. Leverage vendor resources and planned classifications to protect saleable value and store traffic.
Exercises0:02
Answer Key for Exercise Workbook0:03

Requirements

Be able to do basic mathematics

Description

The Retail Math for Merchandisers and Buyers topic is organized into four sections. Each section is divided into small Parts (courses) or segments of information in order that the student might build a strong background for understanding the next Part. The sections (courses) are sequential in order to assist the student in better understanding the next section and applying the retail math formulas to everyday merchandising activities.

Who this course is for:

Beginner Retailers, Merchandisers or Buyers
Anyone with an interest to get started in the merchandising field of professional work

Retail Maths for Merchandisers and Buyers

What you'll learn

Explore related topics

Course content

Part 1: Introduction3 lectures • 9min

Part 2: Basic Merchandising Mathematics8 lectures • 51min

Part 3: Pricing Decisions3 lectures • 22min

Part 4: Markdown Techniques6 lectures • 13min

Requirements

Description

Who this course is for: