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Full Product Details

Author:   Marla Greene (LIM College, USA) ,  Bette K. Tepper (Formerly of the Fashion Institute of Technology-New York, USA)
Publisher:   Bloomsbury Publishing PLC
Imprint:   Fairchild Books
Edition:   9th edition
Weight:   1.186kg
ISBN:  

9781501356704

ISBN 10:   1501356704
Pages:   388
Publication Date:   16 April 2020
Audience:   College/higher education ,  Tertiary & Higher Education
Format:   Mixed media product
Publisher's Status:   Active
Availability:   Manufactured on demand  
We will order this item for you from a manufactured on demand supplier.

Table of Contents

Preface Introduction Quick Tips for Setting Up Your Computer Spreadsheet Chapter 1: Merchandising for a Profit 1.1. Profit Components 1.2. Profit and Loss Statements 1.3. How to Increase Profits Chapter 2: Retail Pricing and Repricing of Merchandise 2.1. Retail Pricing and Pricing Strategies 2.2. Basic Markup Equations Used in Buying Decisions 2.3. Repricing of Merchandise/Markdowns 2.4. Point-Of-Sale (POS) and Permanent (Physical) Markdowns 2.5. Analytical Criteria for Taking Markdowns Chapter 3: Basic Markup Equations Used in Merchandising Decisions 3.1. Types of Markups 3.2. Averaging or Balancing Markup 3.3. Limitations of the Markup Percentage as a Guide to Profits Chapter 4: The Retail Method of Inventory 4.1. Explanation of the Retail Method of Inventory 4.2. General Procedures for Implementing the Retail Method of Inventory 4.3. Shortages and Overages 4.4. An Evaluation of the Retail Method of Inventory Chapter 5: Six-Month Planning and Components 5.1. Planning Net Sales 5.2. Turnover/GMROI 5.3. Stock/Inventory Planning Methods 5.4. Open-to-Buy and Purchase/Receipt Planning 5.5. Open-to-Buy Control 5.6. Six-Month Seasonal Dollar Merchandise Plan 5.7. Assortment/Classification Planning Chapter 6: Invoice Mathematics/Terms of Sale 6.1. Invoice Mathematics: Terms of Sales Glossary of Concept Formulas Glossary of Terms Selected Answers Index

Reviews

I have been using Bette's mathematics for retail buying (since its 6th edition) for many years. The 8th edition is by far the best one. The content of this book is very comprehensive and covers almost all retail math a retail buyer typically needs to know. The content is very straightforward and the students like the retail math problems. -- Sheng Lu, Assistant Professor, Fashion and Apparel Studies, University of Delaware * Proposal Review * Well organized. I love the key concept formula list and the case studies. Answers at the back are super helpful. -- Jaye Thompson, Adjunct Professor, Retail Merchandising, University of Minnesota * Proposal Review * Overall, this is a very good and useful book I can easily use full of exercises and case studies. I like the list of key terms and key concept formulas at the start of each chapter. Also the Concept/Problem/Solution framework applied to all the numerical examples is a clear example of good practice and should be kept in the future. -- Miguel Martins, Principal Lecturer, School of Fashion, University for the Creative Arts * Proposal Review * The structure of this book works very well with the way I teach. The majority of our students are interested in becoming designers and entrepreneurs rather than retail buyers and I feel that this text does an exceptional job in conveying the importance of the bottomline. Of all the textbooks that I have used or reviewed on this subject Mathematics For Retail Buying is by far the best and most comprehensive book that I have used to date. -- Dhona Spaconsky, College Professor, Lecturer, and Instructor, Fashion Design and Merchandising, Academy of Couture Art * Proposal Review *

Author Information

Bette K. Tepper is a former faculty member of the Fashion Management Department at the Fashion Institute of Technology (FIT), US. Marla Greene is Clinical Associate Professor of Fashion Merchandising at LIM College, NYC, US.

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