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The Retail Method of Inventory

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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and

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

...“What’s measured improves.”Gain knowledge and understanding of the retail method of inventory.Differentiate between physical inventory and book inventory.Identify and describe information and procedures necessary to implement the retail...

Costing over periods of time

Nathalie Evans

,

Nathalie Evans is a Senior Lecturer in Fashion Business at Manchester Metropolitan University, UK. Author affiliation details are correct at time of print publication.

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Michael Jeffrey

Michael Jeffrey is a retired academic formerly of Manchester Metropolitan University. Author affiliation details are correct at time of print publication.

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and

Susan Craig

Susan Craig is a Senior Lecturer in Fashion Business at Manchester Metropolitan University, UK. Author affiliation details are correct at time of print publication.

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Costing for the Fashion Industry

Bloomsbury Visual Arts, 2020

Book chapter

...Introduction This chapter seeks to explain costing over periods of time – monthly, quarterly, half-yearly and so on. It shows the development of costs over periods of time based on the elements of cost and these are referred...
...Learning Objectives Upon completion of this case, students should be able to: Identify the potential problems with heavily buying one trend. Prepare different versions of a six-month merchandise plan. Describe the potential outcomes...
...Learning Objectives Upon completion of this case, students should be able to: Describe who constitutes merchandising management at a department store and their responsibilities. Explain what the retail chain of command means and possible...

The Informant Trainee

Introductory business case

...Learning Objectives Upon completion of this case, students should be able to: Identify and articulate a fashion graduate’s personal moral, ethical, and professional beliefs and values in relation to a managerial decision to uncover...
...Learning Objectives Upon completion of this case, students should be able to: Explain how stock turnover and stock-to-sales ratio affects a buyer’s profitability. Revise a six-month merchandise plan. Describe merchandise management...

Inventory Shortages

Introductory business case

...Learning Objectives Upon completion of this case, students should be able to: Calculate book inventories using formulas based on the retail method using financial data. Determine inventory shortages (overages) in dollars and percentages...

Ellistons Department Store

Fashion Business Cases : A Student Guide to Learning with Case Studies

Fairchild Books, 2021

Book chapter

...Retailing in physical stores and digital channels, online and mobile, has become increasingly important but also more complex. Distribution and communication channels need to be integrated to make shopping easier through a seamless customer...
...Learning Objectives Upon completion of this case, students should be able to: Differentiate the characteristics and objectives of specialty and department stores. Identify ways that small specialty stores can be successful facing strong...
...Learning Objectives Upon completion of this case, students will be able to: Calculate average inventory at cost and retail when mark-up percent is given. Calculate turnover and GMROI for two chain department stores. Describe the influence...