Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    From $11.99/month after trial. Cancel anytime.

    Retail Fashion Arithmetic
    Retail Fashion Arithmetic
    Retail Fashion Arithmetic
    Ebook78 pages57 minutes

    Retail Fashion Arithmetic

    By Charles Nesbitt

    4/5

    ()

    Read preview

    About this ebook

    The book outlines the fundamental principles and mechanisms that are applied in fashion retailing during the creation of ranges through the successful process of understanding the arithmetic of retail. It is for this reason that a successful and sustainable business is most likely to be achieved if all the the team members develop the business acumen that deliver those critical measures. It is without doubt that with such knowledge there is a better common understanding of the key business objectives and the interaction of all team players is thereby aligned. The volume will be particularly beneficial to students and those who are maybe considering a career in the industry. Individuals who are already part of the fashion buying and merchandising community will find this book to be invaluable in that it provides a complete simplified overview of all the integral activities and roles that go to make up the topic and thereby will provide a broader insight into their own career

    LanguageEnglish
    PublisherCharles Nesbitt
    Release dateFeb 25, 2017
    ISBN9781370432875
    Retail Fashion Arithmetic
    Author

    Charles Nesbitt

    CHARLES NESBITT graduated with a degree in Economics specialising in Business Economics from Stellenbosch University, South Africa. He spent thirty five years at a leading retailer in Southern Africa where he was exposed to all the key disciplines of retailing during this period.

    Read more from Charles Nesbitt

    Related to Retail Fashion Arithmetic

    Related ebooks

    Industries For You

    View More
    View More

    Related podcast episodes

    Related articles

    • UNLIMITED

      LUXURY BRANDS NEED to RECONCILE SEVEN DILEMMAS and CHART NEW TERRITORY

      Nov 22, 2018

      With the fast-changing needs and tastes of today’s consumers, how would luxury brands keep their products relevant and desirable? In this article, the author sheds light on the dilemmas facing the luxury sector and poses questions accompanying each d

      8 min read

    • UNLIMITED

      What is the FUTURE OF FASHION?

      Jun 4, 2020

      What is the FUTURE OF FASHION?
      6 min read

    • UNLIMITED

      The Future of Fashion

      Apr 3, 2020

      The Future of Fashion
      3 min read

    • UNLIMITED

      The FASHION PACT

      Nov 3, 2019

      The FASHION PACT
      2 min read

    • UNLIMITED

      Dior:Living The Dreams

      Mar 4, 2018

      Dior:Living The Dreams
      2 min read

    • UNLIMITED

      Sustainable Fashion Guide

      Feb 17, 2020

      Sustainable Fashion Guide
      9 min read

    • UNLIMITED

      The New Era Of Luxury Reinventing Emotional Authenticity And Trust

      Mar 5, 2021

      Entrepreneur, Consultant, Professor, Talent and Executive Presence Coach, Donatella has a broad experience in marketing and training, focused on Fashion, Luxury and Hospitality. She is Campus Leader at the European School of Economics in Milan and sh

      3 min read

    • UNLIMITED

      Reinventing Luxury

      Oct 29, 2020

      Reinventing Luxury
      8 min read

    • UNLIMITED

      One Size Fits None

      Sep 3, 2016

      One Size Fits None
      11 min read

    • UNLIMITED

      Fashion’s Digital Future

      Jul 19, 2020

      Fashion’s Digital Future
      7 min read

    • UNLIMITED

      The Future Of Fashion

      Feb 25, 2018

      The Future Of Fashion
      6 min read

    • UNLIMITED

      Building Blocks of Fashion

      Feb 12, 2017

      Building Blocks of Fashion
      2 min read

    • UNLIMITED

      Power Player

      Aug 9, 2023

      Power Player
      4 min read

    • UNLIMITED

      Flipping the Value Creation Model

      May 1, 2018

      HISTORICALLY, MARKETING has been based on an ‘Industrial Age’ approach. Marketers saw what they believed to be a customer need, developed a product bearing what they considered to be ‘value’, and then tried to find buyers seeking that value. This ‘su

      5 min read

    • UNLIMITED

      Brain Trust

      May 15, 2019

      The $64,000 question! I would start with customer strategy rather than executional tactics, to determine what technology is actually required to make customers’ lives easier. You can’t ever know what the customer really wants unless you conduct resea

      4 min read

    • UNLIMITED

      Brands Of The Future

      Dec 8, 2021

      WHILE BRANDS MAY NOT BE DEAD, TRADITIONAL TOOLS FOR BRANDING MAY BE DYING. THIS AS NEW TECHNOLOGIES AND CHANNELS ALLOW MARKETERS TO REACH MASS AUDIENCES IN DYNAMIC WAYS – IS THIS A FAIR ASSESSMENT? “Principles remain, practices change”, as the great

      5 min read

    • UNLIMITED

      Out Way

      Apr 8, 2018

      Money. Let’s not pretend it’s unimportant, can’t buy happiness or has been superseded as a store of value. It still makes the world go around and is the fuel that keeps the marketing machine running, even if the money trail is increasingly digital. T

      2 min read

    • UNLIMITED

      Solve It In 7

      Mar 17, 2022

      Let’s face it – we’ve all got junk cluttering up cupboards, shoved into every nook and cranny. But one man’s trash is another man’s treasure – could you be sitting on a goldmine? Salman Haqqi, personal finance expert at money.co.uk, shares top tips f

      2 min read

    Related categories

    Reviews for Retail Fashion Arithmetic

    4/5

    1 rating0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      Retail Fashion Arithmetic - Charles Nesbitt

      Retail Fashion Arithmetic

      Charles Nesbitt

      Copyright ©2016 by Charles Nesbitt. All rights reserved.

      Copyright and ISBN page

      This ebook is licensed for your personal use only. This ebook may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each recipient. If you’re reading this book and did not purchase it, or it was not purchased for your use only, then please return to your favorite ebook retailer and purchase your own copy. Thank you for respecting the hard work of this author.

      Also by Charles Nesbitt

      FUNDAMENTALS FOR SUCCESSFUL AND SUSTAINABLE FASHION BUYING AND MERCHANDISING

      *

      FUNDAMENTALS FOR FASHION RETAIL STRATEGY PLANNING AND IMPLEMENTATION

      *

      FUNDAMENTALS FOR FASHION RETAIL ARITHMETIC, ASSORTMENT PLANNING AND TRADING

      *

      FUNDAMENTALS OF FASHION RETAIL, TECHNOLOGY, MANUFACTURING AND SUPPLIER MANAGEMENT

      *

      THE COMPLETE JOURNAL OF FASHION RETAIL BUYING AND MERCHANDISING

      *

      RETAIL FASHION PROCUREMENT TEAM ROLES AND PROCESSES

      Table of Contents

      PREFACE

      INTRODUCTION

      Retailing

      The retail players

      THE PROCUREMENT TEAM

      Designers

      Buyers

      Merchandisers

      Technology

      BUYING GROUP ORGANISATION

      MERCHANDISE ARITHMETIC

      Key performance indicators

      Business acumen

      Sales

      Growth percentages

      Contribution percentage

      Markdowns

      Markup percentage

      Margins

      Buying margin

      Sales margin

      Weighted retail selling prices

      Inflation

      Price movement

      Monetary value in relation to unit volume

      Times cover

      Stock annual turn

      Sell off percentage

      Average per store

      Shrinkage percentage

      Return on inventory investment (ROII)

      Interdependency of performance indicators

      Profit

      Gross profit

      Profit before tax or net profit

      Profit per square metre

      Return on sales

      Break even analysis

      CONCLUSION

      PREFACE

      The process of buying and selling in some form or other of goods has been with us since time immemorial. Often when one stands in bewilderment in an elegant shopping mall and wonder how all the stores are able to effectively seduce the many shoppers trawling the wide corridors to readily part with their well-earned money while at the same time enabling them to possibly enjoy a wonderful social experience.

      The plan of offering goods to the potential customer is a complicated one and is a science that involves many players whose individual contributions slot seamlessly together and are so perfectly coordinated that it provides the perception that it is the result of one individual concerted effort.

      It will be illustrated as to how the relationships of the major functions that intertwine from the conceptualisation of a product through to the presentation of a finished garment to the potential customer and in doing this demonstrates how the key areas such as buying, merchandising, technology, production, design, logistics and selling each with their unique specialised operations manage to achieve this.

      The book endeavours to try and outline the basic key principles and mechanisms by which this happens and should be helpful to students, people in retailing and those who are maybe considering a career in the industry. For those who already are part of the fashion buying and merchandising community this book will be beneficial in that it provides a complete simplified overview of all the integral activities and roles that go to make up the topic and thereby will provide a broader insight into their own career.

      The material of the book, other than that specifically referenced is the result of the author’s own exposure to the subject during a career spanning thirty five years at a major retail organisation in Southern Africa, the support from colleagues, mentors, interaction with suppliers and own research. There has been some cross referencing to

      Enjoying the preview?
      Page 1 of 1