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Invoice Mathematics: Terms of Sale

Bette K. Tepper

Bette K. Tepper is a former faculty member of the Fashion Management Department at the Fashion Institute of Technology (FIT), US. Author affiliation details are correct at time of print publication.

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Marla Greene

Marla Greene is Clinical Associate Professor of Fashion Merchandising at LIM College, NYC, US. Author affiliation details are correct at time of print publication.

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Mathematics for Retail Buying

Fairchild Books, 2020

Book chapter

...“For every minute spent organizing, an hour is earned.”Identify and recognize the different types of discounts.Calculate net cost.Identify and understand the different types of dating terms.Calculate discount and net payment dates.Identify...

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 Reductions

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:Define reductions.Explain the importance of reductions planning.Discuss reasons for markdown and sales discounts.Explain causes of inventory shrinkage.Differentiate between the types...

The Concepts and Mathematics of Merchandise Pricing

Jay Diamond

Jay Diamond is Professor Emeritus at Nassau Community College, where he served as the Chair of the Fashion, Marketing, and Retailing Department as well as the Dean of Business. His honors include the Distinguished Professor of the State University of New York, as well as the first Distinguished Achievement Award at Nassau Community College. Diamond has written numerous textbooks on fashion, retailing, and marketing. In addition, he is the creative force for Diamond Educational Productions, a company that specializes in fashion, retailing, marketing, and professional development videos. Author affiliation details are correct at time of print publication.

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Sheri Litt

Sheri Litt is Academic Dean at Florida State College at Jacksonville. She is co-author of Retailing in the 21st Century (Fairchild Books, 2011). Author affiliation details are correct at time of print publication.

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Retailing in the Twenty-First Century

Fairchild Publications, 2009

Book chapter

...After you have completed this chapter, you should be able to discuss:The way each merchant selects the pricing policy that best addresses his or her businessHow retailers calculate their markupsThe numerous factors that affect a retailer...

Design Piracy within the Fashion Industry

Jongeun Rhee

and

Kim K. P. Johnson

Kim K. P. Johnson is a Professor in the Retail Merchandising Program at the University of Minnesota. Author affiliation details are correct at time of print publication.

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Introductory business case

...Learning Objectives Upon completion of this case, students should be able to: Explain the concept of design piracy and apply it to the fashion industry. Identity some of the complexity of intellectual property protection in the fashion...

Retailer’s Report Card

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

...As a result of computers, retailers can now access information on the profitability of each vendor and each department in a variety of configurations. Although most retailers have their own methods of evaluating a manufacturer...

Retailing Formats

John Donnellan

John Donnellan was Dean of Business and Computer Information Systems at Holyoke Community College, USA. For 20 years, he held management, merchandising, and sales promotions positions in various department and specialty stores. Donnellan frequently addresses trade and professional associations on current retailing topics. Author affiliation details are correct at time of print publication.

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Merchandise Buying and Management

Fairchild Books, 2014

Book chapter

...After reading this chapter, you will be able to discuss the following:The distinctions among various retailing formats.The current marketplace status of these formats.Nonstore retailing.By definition, all retailers sell goods and/or...

Defining the Customer

Linda Tain

Linda Tain is a professor of fashion art, design, and history of clothing and has been teaching at the Fashion Institute of Technology for over 30 years. In 1999, she received the Chancellor's Award for Excellence in Teaching. She has conducted numerous seminars on historical costume as well as design and product development and has worked in the fashion industry as an illustrator, designer, and consultant, specializing in the designer sportswear, knitwear, and intimate apparel markets. Author affiliation details are correct at time of print publication.

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Portfolio Presentation for Fashion Designers : Fourth Edition

Fairchild Books, 2018

Book chapter

...Kara Kroeger, Kent State UniversityThe mark of a professional portfolio is its focus. Targeted to a specific customer and market, its design sense should be consistent from start to finish. This is not achieved instantly, but is instead...

Design Piracy Legislation: Should the United States Protect Fashion Design?

Guillermo C. Jimenez

,

Guillermo C. Jimenez, Esq., is Professor of International Trade and Marketing at Fashion Institute of Technology (U.S.), and holds adjunct teaching appointments at the New York University Stern School of Business, the International School of Management in Paris (France), and New York’s Iona College. Jimenez is an academic advisor to the Fashion Law Committee of the New York County Law Association and is a technical expert on international trade for the International Chamber of Commerce. Author affiliation details are correct at time of print publication.

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Joseph Murphy

Joseph Murphy

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Julie Zerbo

Fashion Law : A Guide for Designers, Fashion Executives, and Attorneys

Fairchild Publications, 2014

Book chapter

...Introduction Over the past century, the U.S. Congress has been the scene of approximately 100 failed attempts to pass legislation introducing intellectual property protection for fashion designs. Currently, American law provides minimal...

Markdowns and Markdown Cancellations

Richard Clodfelter

Richard Clodfelter is at the University of South Carolina. Author affiliation details are correct at time of print publication.

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Making Buying Decisions : Using the Computer as a Tool

Fairchild Publications, 2003

Book chapter

...Merchandising Concept 5–1: Calculate Total Dollar Markdowns The same markup is usually not achieved on all items within a product category during a selling season. Many times, the retail prices of items sold near the end of the season have...