This document provides an overview of retail merchandising concepts. It outlines the objectives of understanding merchandising philosophy, merchandise plans, category management, and buying organization formats. It then defines key merchandising terms and discusses the role and responsibilities of merchandisers, including planning, directing, coordinating, and controlling merchandising activities. The document also summarizes concepts related to merchandise management, accounting, and financial analysis, including sales forecasting, determining merchandise requirements, income statements, and calculating gross margin return on investment.
Visual Merchandising is the activity of maximizing the impact of Retail Display space and has become an important element in retailing. Visual Merchandisers create displays using color, lighting, space, product information, sensory inputs such as smell, touch, and sound as well as technologies such as digital displays and interactive installations. The objective of this highly practical program is to ensure that attendees are furnished with the core concepts and skills used in visual merchandising. Hamstech course will enable students to identify, select and pursue their career opportunities in the retail industry. The retail sector is a major employer and requires skilled staff in a range of jobs such as: Shop Floor Planning and Display, Window Display, Sales, Buying, Staff Management and Supervision.
Visual merchandising can be simply defined as the physical presentation of products. It is the coordination of all physical elements of a business to project the right image. Visual merchandising has increased tremendously in importance with the growth of self-service retailing. Good to marketing & presenting is merchandising, which attempts to maximize sales and profitability by inducing consumers to buy a company’s products.
this presentation first define what is visual merchandising then deal about design elements and principle that basically support how to apply on retail store exterior and interior parts.
Visual Merchandising is the activity of maximizing the impact of Retail Display space and has become an important element in retailing. Visual Merchandisers create displays using color, lighting, space, product information, sensory inputs such as smell, touch, and sound as well as technologies such as digital displays and interactive installations. The objective of this highly practical program is to ensure that attendees are furnished with the core concepts and skills used in visual merchandising. Hamstech course will enable students to identify, select and pursue their career opportunities in the retail industry. The retail sector is a major employer and requires skilled staff in a range of jobs such as: Shop Floor Planning and Display, Window Display, Sales, Buying, Staff Management and Supervision.
Visual merchandising can be simply defined as the physical presentation of products. It is the coordination of all physical elements of a business to project the right image. Visual merchandising has increased tremendously in importance with the growth of self-service retailing. Good to marketing & presenting is merchandising, which attempts to maximize sales and profitability by inducing consumers to buy a company’s products.
this presentation first define what is visual merchandising then deal about design elements and principle that basically support how to apply on retail store exterior and interior parts.
Visual merchandising is the activity and profession of developing the floor plans and three-dimensional displays in order to maximize sales. Both goods or services can be displayed to highlight their features and benefits. The purpose of such visual merchandising is to attract, engage, and motivate the customer towards making a purchase.
Visual merchandising commonly occurs in retail spaces such as retail stores and trade shows.
Key measure of the retailer’s success is selling as much merchandise as possible at the highest profit margin.
Retailers can no longer depend on random sourcing / buying in the hope that they will sell them all.
There are two major areas of profit leakage in retail. Firstly - lost sales resulting from lack of stock, and secondly - forced margin reductions (markdown) due to excessive stock.
There are processes and solutions in order to reduce and eliminate excess inventory and maximise profit. That is "Merchandise Planning".
Merchandise Planning is "A systematic approach by the retailer, aimed at maximising return on investment, through sales & inventory planning, in order to increase profitability”.
Main goal of Merchandise planning is to maximize the use of assets, and resources a company owns.
In the long run, effective merchandise planning can save time, help streamline business processes and objectives, and optimize and mobilize inventory to get it off the shelves into the hands of the consumers for the right price.
Retail Management Notes, Basics of Retail Management, Classification of Retailers, Types of Retailers, Scope of Retailing, Functions of Retailers, Role of Retailers in Distribution Channel, Indian retailscape, organized and Unorganized Retailers,
Details about Merchandise management and product decisions related with. It is a part of Retail Marketing. Interested people can gather knowledge from this PPT
Managing the merchandise and retail marketingSanjay Jana
these are very useful slides related to retail marketing and merchandise management. it helped me a lot in understanding the changing scenario of the consumers from unorganized retailing to organized retailing.
Visual merchandising is the activity and profession of developing the floor plans and three-dimensional displays in order to maximize sales. Both goods or services can be displayed to highlight their features and benefits. The purpose of such visual merchandising is to attract, engage, and motivate the customer towards making a purchase.
Visual merchandising commonly occurs in retail spaces such as retail stores and trade shows.
Key measure of the retailer’s success is selling as much merchandise as possible at the highest profit margin.
Retailers can no longer depend on random sourcing / buying in the hope that they will sell them all.
There are two major areas of profit leakage in retail. Firstly - lost sales resulting from lack of stock, and secondly - forced margin reductions (markdown) due to excessive stock.
There are processes and solutions in order to reduce and eliminate excess inventory and maximise profit. That is "Merchandise Planning".
Merchandise Planning is "A systematic approach by the retailer, aimed at maximising return on investment, through sales & inventory planning, in order to increase profitability”.
Main goal of Merchandise planning is to maximize the use of assets, and resources a company owns.
In the long run, effective merchandise planning can save time, help streamline business processes and objectives, and optimize and mobilize inventory to get it off the shelves into the hands of the consumers for the right price.
Retail Management Notes, Basics of Retail Management, Classification of Retailers, Types of Retailers, Scope of Retailing, Functions of Retailers, Role of Retailers in Distribution Channel, Indian retailscape, organized and Unorganized Retailers,
Details about Merchandise management and product decisions related with. It is a part of Retail Marketing. Interested people can gather knowledge from this PPT
Managing the merchandise and retail marketingSanjay Jana
these are very useful slides related to retail marketing and merchandise management. it helped me a lot in understanding the changing scenario of the consumers from unorganized retailing to organized retailing.
Goal setting for Agency.
it is perfect and if we explain current position and some explanation of Budget in action plans, it should have been more to the point.
Best practices of a merchant on what data reports to analyze and how to prepare for a best seller meeting to Chief Merchandising Officer.
Mech/ Merchandise /Revenue/Gross Profit/Margin/Dollars/Data/Ecommerce/Omnichannel/Retail
In this presentation, we will help you to understand the suitable finance strategies and favorable location strategies for retail segment. We will cover strategic profit model, profit path, turnover path, activity based costing and return on assets for retailers. We will also talk about setting goal performance and performance measures that retailers should adopt.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit: http://www.welingkaronline.org/distance-learning/online-mba.html
MarkdownsModule ThreeRetail Pricing and Repricing of Mercha.docxendawalling
Markdowns
Module Three:
Retail Pricing and Repricing of Merchandise
1
Ascertain the types of price adjustments and confirm their importance as
merchandising decisions
Calculate markdowns as dollar amounts and percentages
Understand the differences between point-of-sale (POS) and permanent (physical) markdowns
Understand the criteria for the determination of taking markdowns (outdate, weeks of supply, sell through percentage, build)
Delineate the procedures for making price changes
Recognize the impact of repricing decisions on profit, including the journalization of markdowns
Objectives
Employee discount
Gross markdown
Markdown (MD)
Markdown cancelation
Markdown journalization
Markdown percentage
Net markdown
Outdate
Permanent (physical) markdown
Point-of-sale (POS) markdown
Retail reduction
Sell through percentage (ST%)
Weeks of supply (WOS)
Key Terms
Key Concept Formulas
Markdown
Markdown $ Original or present retail price $ New retail price $
Markdown $ Percentage off Present retail price $
Total markdown $ First total $ markdown Second total $ markdown
Planned Markdown $ N Markdown %
Markdown %
Markdown %
Markdown cancellation Higher retail $ Markdown price $
New Markdown $ Gross markdown $ Markdown canelation $
Key Concept Formulas
Sell Through Percentage
Sell through %
Weeks of Supply
Weeks of Supply
Universal aspect in retailing today
Price reductions necessary to increase sales and create demand for product
Price adjustments must be properly recorded to:
Achieve an accurate book inventory figure
Plan initial markup goals when pricing goods
Control and manage the amount received in an attempt to merchandise at the gross margin and profit goals established
Repricing of Merchandise (Markdowns)
In the profit and loss statement, markdowns are a portion of retail reductions that affect gross margin and include:
Point-of-Sale (POS) and permanent markdowns
Coupons
Employee discounts
Repricing of Merchandise (Markdowns)
Lowering or reducing of any retail price on one item or a group of items
Markdown is the amount that reduces the inventory value
Markdowns are expressed as a percentage of net sales for all product sold for a specific time period, usually a week, month, quarter, season, or year
Important tool in merchandising and for buyers
Is a means of promoting and increasing sales, but impacts the gross margin and must be monitored and controlled
Markdowns
Necessary merchandising tool buyers can use to their advantage in order to:
Drive sales on a store, department, or class level
Stimulate the sale of merchandise to which customers are not responding satisfactorily (i.e., merchandise not selling at acceptable sell through rates)
Drive customer traffic to stores or website by offering sales
Meet competitive prices/price matching
The Purpose of Markdowns
Free up open-to-buy to bring in new merchandise on order and reorder merchandise that is .
MarkdownsModule ThreeRetail Pricing and Repricing of Mercha.docxalfredacavx97
Markdowns
Module Three:
Retail Pricing and Repricing of Merchandise
1
Ascertain the types of price adjustments and confirm their importance as
merchandising decisions
Calculate markdowns as dollar amounts and percentages
Understand the differences between point-of-sale (POS) and permanent (physical) markdowns
Understand the criteria for the determination of taking markdowns (outdate, weeks of supply, sell through percentage, build)
Delineate the procedures for making price changes
Recognize the impact of repricing decisions on profit, including the journalization of markdowns
Objectives
Employee discount
Gross markdown
Markdown (MD)
Markdown cancelation
Markdown journalization
Markdown percentage
Net markdown
Outdate
Permanent (physical) markdown
Point-of-sale (POS) markdown
Retail reduction
Sell through percentage (ST%)
Weeks of supply (WOS)
Key Terms
Key Concept Formulas
Markdown
Markdown $ Original or present retail price $ New retail price $
Markdown $ Percentage off Present retail price $
Total markdown $ First total $ markdown Second total $ markdown
Planned Markdown $ N Markdown %
Markdown %
Markdown %
Markdown cancellation Higher retail $ Markdown price $
New Markdown $ Gross markdown $ Markdown canelation $
Key Concept Formulas
Sell Through Percentage
Sell through %
Weeks of Supply
Weeks of Supply
Universal aspect in retailing today
Price reductions necessary to increase sales and create demand for product
Price adjustments must be properly recorded to:
Achieve an accurate book inventory figure
Plan initial markup goals when pricing goods
Control and manage the amount received in an attempt to merchandise at the gross margin and profit goals established
Repricing of Merchandise (Markdowns)
In the profit and loss statement, markdowns are a portion of retail reductions that affect gross margin and include:
Point-of-Sale (POS) and permanent markdowns
Coupons
Employee discounts
Repricing of Merchandise (Markdowns)
Lowering or reducing of any retail price on one item or a group of items
Markdown is the amount that reduces the inventory value
Markdowns are expressed as a percentage of net sales for all product sold for a specific time period, usually a week, month, quarter, season, or year
Important tool in merchandising and for buyers
Is a means of promoting and increasing sales, but impacts the gross margin and must be monitored and controlled
Markdowns
Necessary merchandising tool buyers can use to their advantage in order to:
Drive sales on a store, department, or class level
Stimulate the sale of merchandise to which customers are not responding satisfactorily (i.e., merchandise not selling at acceptable sell through rates)
Drive customer traffic to stores or website by offering sales
Meet competitive prices/price matching
The Purpose of Markdowns
Free up open-to-buy to bring in new merchandise on order and reorder merchandise that is .
this presentation will cover the following topics:
Merchandising Companies
Perpetual Inventory System
Periodic Inventory Systems
Transactions Related to Purchase
Transactions Related to Sale
The Flow of Inventory Costs
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
This is a presentation by Dada Robert in a Your Skill Boost masterclass organised by the Excellence Foundation for South Sudan (EFSS) on Saturday, the 25th and Sunday, the 26th of May 2024.
He discussed the concept of quality improvement, emphasizing its applicability to various aspects of life, including personal, project, and program improvements. He defined quality as doing the right thing at the right time in the right way to achieve the best possible results and discussed the concept of the "gap" between what we know and what we do, and how this gap represents the areas we need to improve. He explained the scientific approach to quality improvement, which involves systematic performance analysis, testing and learning, and implementing change ideas. He also highlighted the importance of client focus and a team approach to quality improvement.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
We all have good and bad thoughts from time to time and situation to situation. We are bombarded daily with spiraling thoughts(both negative and positive) creating all-consuming feel , making us difficult to manage with associated suffering. Good thoughts are like our Mob Signal (Positive thought) amidst noise(negative thought) in the atmosphere. Negative thoughts like noise outweigh positive thoughts. These thoughts often create unwanted confusion, trouble, stress and frustration in our mind as well as chaos in our physical world. Negative thoughts are also known as “distorted thinking”.
How to Split Bills in the Odoo 17 POS ModuleCeline George
Bills have a main role in point of sale procedure. It will help to track sales, handling payments and giving receipts to customers. Bill splitting also has an important role in POS. For example, If some friends come together for dinner and if they want to divide the bill then it is possible by POS bill splitting. This slide will show how to split bills in odoo 17 POS.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
2. Objectives
To demonstrate the importance of a sound merchandising
philosophy
To outline the considerations in devising merchandise
plans: forecasts, innovativeness, assortment, brands,
timing, and allocation
To discuss category management
• To study various buying organization formats and the
processes they use
3. Retail Merchandising
Definition & the Concept of Retail
Merchandising
Role & Responsibilities of a Merchandiser
Fashion Merchandising
Merchandise Characteristics
Merchandise Management- Merchandise Mix &
Merchandise Budget
Basics of Merchandise Accounting
4. RM - DEFINITION
Retail selling effort that is the principal task of in-store sales personnel through the
use of promotions designed by a manufacturer, such as unique displays, giveaways,
or discount and premium offers. In this case, merchandising is the act of managing
and arranging the merchandise on display in a store so as to promote its sale.
5. Role & Responsibility of Merchandiser
Planning
Directing
Co-ordinating
Controlling
7. Functions of Merchandisers at Shopper’s stop
Inventory-turn Management
Achieving Sales & Margins
Plans Merchandise
Availability Management, as per range plan
Merchandising strategy & planning
Processing of purchase orders
Analysis of Data & Sales Budgeting
Profitability Targets & Expense Control
Vendor/Supplier relations for both, in-house products as well as for
brands.
10. Merchandising arrangement
MERCHANDISING ARR
ANGMENT………
Why making effective use of your space is so important.
How to position your departments and products.
How to improve store lighting.
The importance of atmosphere and cleanliness in your store.
How to create great displays and signage.
W
HAT W W
E ILL ACHIEVE AS A BUSINESS……….
The consistently best Display standards against Competition in India
A great environment that will attract & satisfy Customers
Showcase to best advantage our product offer
Dramatically enhance Customer Service
11. Managing the Merchandise
Developing a sales forecast
Determining the merchandise requirements
Merchandise control
Assortment planning
12. Developing Sales forecast
Reviewing Past sales
Analyzing the changes in Economic Conditions
Analyzing the changes in the sales potential
Analyzing the changes in the marketing strategies
of the retail organization and the competition
Creating the sales forecast
13. Forecasts
These are projections of expected retail sales for
given periods
Components:
Overall
company projections
Product category projections
Item-by-item projections
Store-by-store projections (if a chain)
19. The Balance Sheet
The Balance Sheet is a statement of an
organization's Assets, Liabilities and Owners’
Equity at a Particular Point in time.
Assets
Liabilities
Owner's Equity
20. Assets
Assets – Owned by an organization
a. Short term (or) Current Assets
b. Long term
21. Liability
Liability: Debts owed by an organization
Payment on Short term
Ex: Payment to supplier
Payment on Long term
Ex: Mortgage on Land &
Building
Investment on Extension,
Expansion &
renovation
22. Owner’s Equity
Owner’s Equity : Difference between asset and
Liability.
Relationship:
Assets = Liabilities + Owner’s Equity
24. Income statement
Profit performance for a specific period of time
Income statement is otherwise called Statement of earnings or Profit
& loss statement
Income statement:
Revenue – Expenses = Net Income
Profit = Expenses < Revenue = positive Net Income
Loss = Expenses > Revenue = Negative Net Income
25. Income statement
Income statement can be computed for an entire organization
contd…
Individual Store
A Group of Store
Department
Profit and loss is based on the revenue & expenses directly associated
with each unit of business.
26. Income statement
contd…
Components : 5 major components
Revenue
Cost of goods sold
Gross margin
Expenses
Net Profit
Relationship among the components
Net revenue
–
Cost of goods sold - Expenses
Gross margin
Net Profit
27. Income statement
contd…
Relationship among the components
Net revenue
–
Cost of goods sold - Expenses
Gross margin
Net Profit
Net revenue : composed of sales, Leasing or renting property or
interest on accounts
Net sales = Gross sales – Customer return
Gross sales are used to determine the customer return rates
Customer return rate = Customer returns x100
Gross sales
28. Income statement
contd…
High customer return rate is often indicates of issue related
a. Customer service
b. Quality
c. Fit of merchandise
High sales attest to the ability of an organization buyer to
select assortments of goods that are appealing to the store’s
target customers.
29. Income statement
contd…
Cost of goods sold (or) Cost of Merchandise sold (or)
cost of sales
Cost of goods sold = Billed cost of Merchandise +
work room costs +shipping cost – cash Discount Returns to vendors
30. Income statement
contd…
Shipping cost : Delivery cost for transporting goods
from supplier
Workroom costs: activities that prepare
merchandise for sale ( steaming & pressing apparel)
Return to vendors : defective or slow selling goods
returned to suppliers for credit
Cash discounts : Invoice concessions from suppliers
for prompt payment
31. Income statement
contd…
Expenses: Payroll, rent, Utilities, advertising and
interest on debt.
Direct Expense: attributable to a specific unit
( store rent )
Indirect Expense: is not attributable to a specific
unit. ( news paper advertisement )
32. Income statement
contd…
Gross margin : Difference between sales and cost of goods sold.
Net Income : Gross Margin – Expenses
Income can be increased by Increasing sales
Increasing Gross Margin
Decreasing cost of goods sold
Any combination of above
Component Percentage :
Cost of goods sold = cost of goods X 100
Net sales
Gross Margin = Gross Margin X 100
Net Sales
Expenses = Expenses X 100
Net Sales
34. GMROI
Gross Margin Return on Investment
Integrates
two performance
Gross Margin
Turn Over
To create a single measure of performance
GMROI = Gross Margin X Net sales
Net Sales
Average Inventory
GMROI = Gross Margin / average Inventory
35. Key terms
Assets
Balance sheet
Cash discount
Cash Flow
Component Percentage
Cost of goods sold
Current ratio
Expenses
Factor
GMROI
Gross sales
Income statement
Liability
Net Income
Net Loss
Net Sales
Return to Vendor
Owner’s Equity
Time Series Comparison
Workroom cost