A Buyer's Guide to Retail Mathematics: Bundle Book + Studio Access Card

A Buyers Guide to Retail Mathematics provides retail math skills for buyers, planners, and store line retailers, covering gross margin, profit, pricing, inventory, and six-month planning. It includes real-life examples, interviews, case studies, and Excel Spreadsheet math problems for further practice.

Format: Mixed media product
Publication date: 06 April 2023
Publisher: Bloomsbury Publishing Plc

In "A Buyer's Guide to Retail Mathematics," you embark on a comprehensive journey to acquire the essential retail math skills required for success as a retail buyer, planner, or store line retailer. This comprehensive guide delves into the fundamental formulas and their interconnected workings, empowering you to maximize profitability in your retail endeavors.

The book begins by exploring the key components buyers utilize to achieve gross margin and profit, shedding light on the intricate relationship between pricing and profitability. It then guides you through the calculation of inventory quantities necessary to meet your planned sales targets, emphasizing the importance of effective inventory management.

Furthermore, the book introduces the six-month planning process, a crucial framework for retail buyers to map out their strategies and optimize sales performance. A detailed description of the buyer's job unveils the diverse range of responsibilities, encompassing tasks such as analyzing reports, collaborating with vendors, navigating the buying process, visualizing product presentations, conducting competitive shopping, and much more.

To enhance your understanding and application of retail math concepts, the text includes real-life mathematical examples spanning various retail channels, including department stores, off-price retailers, mass-market retailers, and fast-fashion retailers. Interviews with buyers in the industry throughout each chapter provide valuable insights into the challenges and situations faced by professionals in the field. Additionally, math problems and case studies reflect the retailing skills required for executive training programs and develop your critical thinking abilities.

This comprehensive guide is accompanied by a range of valuable instructor resources, including an answer manual with step-by-step solutions to math problems, PowerPoint presentations for each chapter, and a test bank offering exams for each chapter. Whether you are a aspiring retail buyer, a current professional seeking to enhance your skills, or a business student interested in the retail sector, "A Buyer's Guide to Retail Mathematics" is an indispensable resource that will empower you with the knowledge and tools needed to thrive in the competitive world of retail.

Weight: 950g
Dimension: 216 x 285 x 21 (mm)
ISBN-13: 9781501359101