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Costing Basics

Andrea Kennedy

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Andrea Kennedy is founder of Fashiondex.com and an Assistant Professor of Fashion Merchandising at LIM College. As a designer, she has worked with many labels, including Bob Mackie, Sunny Leigh, Calvin Klein, and Ann Taylor. Author affiliation details are correct at time of print publication.

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Andrea Reyes

Andrea Reyes is an Adjunct Professor at LIM College, The Fashion Institute of Technology, Baruch College, USA. She is also the Chair of the NYC Fair Trade Coalition a network of ethical business owners and advocates as well as co-founder of A. Bernadette, a sustainable lifestyle brand which hosts educational sustainable travel retreats Author affiliation details are correct at time of print publication.

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Francesco Venezia

Francesco Venezia is an Adjunct Professor at The Fashion Institute of Technology, Baruch College of Continuing and Professional Studies and LIM College in New York City. He has worked in the fashion industry merchandising at Ralph Lauren, Calvin Klein Author affiliation details are correct at time of print publication.

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Apparel Costing

Bloomsbury Visual Arts, 2020

Book chapter

...Costing garments is a function performed by many fashion professionals and at various times throughout a style’s development. More than just calculating what a garment will cost, costing assists in fine-tuning a style specifically...

Traditional Apparel Costing

Andrea Kennedy

,

Andrea Kennedy is founder of Fashiondex.com and an Assistant Professor of Fashion Merchandising at LIM College. As a designer, she has worked with many labels, including Bob Mackie, Sunny Leigh, Calvin Klein, and Ann Taylor. Author affiliation details are correct at time of print publication.

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Andrea Reyes

Andrea Reyes is an Adjunct Professor at LIM College, The Fashion Institute of Technology, Baruch College, USA. She is also the Chair of the NYC Fair Trade Coalition a network of ethical business owners and advocates as well as co-founder of A. Bernadette, a sustainable lifestyle brand which hosts educational sustainable travel retreats Author affiliation details are correct at time of print publication.

Search for publications
and

Francesco Venezia

Francesco Venezia is an Adjunct Professor at The Fashion Institute of Technology, Baruch College of Continuing and Professional Studies and LIM College in New York City. He has worked in the fashion industry merchandising at Ralph Lauren, Calvin Klein Author affiliation details are correct at time of print publication.

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Apparel Costing

Bloomsbury Visual Arts, 2020

Book chapter

...Introduction Costing garments is a function performed by many fashion professionals and at various times throughout the development of a style. More than just calculating what a garment will cost, costing assists in fine-tuning a style...

Vendor Analysis: Measuring Profitability

Steven Lindner

Steven Lindner has taught retail mathematics, business math and financing management courses at Parsons School of Design. He also served as a consultant to clients such as Donna Karan, Calvin Klein, Escada and Giorgio Armani. Author affiliation details are correct at time of print publication.

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Retail Accountability : Advanced Retail Profitability Analysis

Fairchild Publications, 2004

Book chapter

...The profitability of an item or group of items can only be determined after it is sold, because gross margin dollars can only be evaluated after both sales and markdowns have been calculated. As is clear from any profit-and-loss (P/L)...

Planning and Control

Jeremy A. Rosenau

Jeremy A. Rosenau is a Professor Emeritus and Program Director of the graduate program in Fashion Apparel Studies at Philadelphia University, USA, and Program Director of Master of Science in Fashion Apparel Studies. Author affiliation details are correct at time of print publication.

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David L. Wilson

David L. Wilson is a former Assistant Professor and Director of Fashion and Apparel Programs at Philadelphia University, USA, where he established the Fashion Design program and won the National Sears-Roebuck Foundation Teaching Excellence and Campus Leadership Award. Author affiliation details are correct at time of print publication.

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Apparel Merchandising : The Line Starts Here

Fairchild Publications, 2014

Book chapter

...Recognize the importance of planning and control to effective merchandising.Identify the planning and control tools merchandisers use.Understand the merchandiser's responsibility in managing the interaction of planning and control tools...

Deals: The Intricacies of Partnership

Steven Lindner

Steven Lindner has taught retail mathematics, business math and financing management courses at Parsons School of Design. He also served as a consultant to clients such as Donna Karan, Calvin Klein, Escada and Giorgio Armani. Author affiliation details are correct at time of print publication.

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Retail Accountability : Advanced Retail Profitability Analysis

Fairchild Publications, 2004

Book chapter

...On the most basic level, buying a product to sell at a profit seems straightforward and elementary. The roles and objectives of all parties are clearly defined. What began centuries ago in the form of bartering has evolved into the formal...

Gross Margins

Rosetta S. LaFleur

Rosetta LaFleur is an associate professor at the University of Delaware. Author affiliation details are correct at time of print publication.

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Merchandise Planning Workbook

Fairchild Books, 2010

Book chapter

...After reading this chapter, you should be able to:Explain the importance of gross margin.Distinguish between gross margin and maintained markup.Explain the difference between the cost of goods and the total cost of goods sold.Illustrate...

Profit and Loss Plan

Rosalie J. Regni

Rosalie J. Regni is an assistant professor at Virginia Commonwealth University. Author affiliation details are correct at time of print publication.

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Jimmie G. Anderson

Jimmie G. Anderson is retired and currently volunteers his time to the Department of Fashion Design and Merchandising at Virginia Commonwealth University. Author affiliation details are correct at time of print publication.

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Entrepreneurship in Action : A Retail Store Simulation

Fairchild Books, 2009

Book chapter

...“Beware of little expenses; a small leak will sink a great ship.”This step in the simulation will guide you through:Calculating a realistic store gross margin planUnderstanding key formulas that will help you monitor your success in your...

Marketing for the Retailer

Michele M. Granger

Michele M. Granger is a full professor in the Fashion and Interior Design Department, College of Business Administration, at Missouri State University, US. Author affiliation details are correct at time of print publication.

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Sheryl A. Farnan

Sheryl A. Farnan is Professor at Metropolitan Community College, USA, where she teaches merchandising, business and marketing courses. Author affiliation details are correct at time of print publication.

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The Fashion Industry and Its Careers

Fairchild Books, 2020

Book chapter

...In the previous chapter, promotion was examined from the perspectives of designers and manufacturers of fashion products. In this chapter, we examine how retailers penetrate their markets and use promotion. Take, for example, H&M and how...

Marketing Plan

Rosalie J. Regni

Rosalie J. Regni is an assistant professor at Virginia Commonwealth University. Author affiliation details are correct at time of print publication.

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Jimmie G. Anderson

Jimmie G. Anderson is retired and currently volunteers his time to the Department of Fashion Design and Merchandising at Virginia Commonwealth University. Author affiliation details are correct at time of print publication.

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Entrepreneurship in Action : A Retail Store Simulation

Fairchild Books, 2009

Book chapter

...“We are limited not by our abilities, but by our vision.”This step in the simulation will guide you through:Evaluating the competition and conducting a market feasibility studyFinding your place in the local marketAnticipating customer...

Merchandising for the Retailer

Michele M. Granger

Michele M. Granger is a full professor in the Fashion and Interior Design Department, College of Business Administration, at Missouri State University, US. Author affiliation details are correct at time of print publication.

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Sheryl A. Farnan

Sheryl A. Farnan is Professor at Metropolitan Community College, USA, where she teaches merchandising, business and marketing courses. Author affiliation details are correct at time of print publication.

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The Fashion Industry and Its Careers

Fairchild Books, 2020

Book chapter

...How simple is it to find a new pair of jeans to buy? All you have to do is go to the nearest discount, department, or specialty store, or order the jeans online at your favorite apparel Web site. Have you ever wondered how the dozens...