Merchandising Math: A Managerial Approach (Paperback)

by Doris H. Kincade (Author), Fay Y. Gibson (Author), Ginger A. Woodard (Author)

Editorial Reviews

Product Description
This book introduces readers to the concepts of financial management for the merchandising of fashion goods. Covering basic financial skills needed to succeed when planning, procuring and selling fashion goods, the volume provides an integrated presentation of merchandising principles, mathematical formulas and real world applications. It is designed to help readers understand the underlying principles behind decisions and apply these principles to multiple store situations. The book begins with the basic markup concepts and single unit, three variable spreadsheets and builds the information to complex assortment plans and multi-column/multi-row spreadsheets. The authors provide an introduction to merchandising with an emphasis on retail pricing and profit and loss statements, as well as planning strategy, sales and stock, fashion forecasting, assortment planning, unit control and buying and selling concerns. For individuals involved in the merchandising of fashion goods.

From the Back Cover
This book introduces readers to the concepts of financial management for the merchandising of fashion goods. Covering basic financial skills needed to succeed when planning, procuring and selling fashion goods, the volume provides an integrated presentation of merchandising principles, mathematical formulas and real world applications. It is designed to help readers understand the underlying principles behind decisions and apply these principles to multiple store situations. The book begins with the basic markup concepts and single unit, three variable spreadsheets and builds the information to complex assortment plans and multi-column/multi-row spreadsheets. The authors provide an introduction to merchandising with an emphasis on retail pricing and profit and loss statements, as well as planning strategy, sales and stock, fashion forecasting, assortment planning, unit control and buying and selling concerns. For individuals involved in the merchandising of fashion goods.

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Product Details

• Paperback: 368 pages
• Publisher: Prentice Hall (September 18, 2003)
• Language: English
• ISBN-10: 0130995886
• ISBN-13: 978-0130995889
• Product Dimensions: 10.8 x 8.2 x 0.9 inches
• Shipping Weight: 1.8 pounds (View shipping rates and policies)
• Average Customer Review: 4.0 out of 5 stars See all reviews (2 customer reviews)
• Amazon.com Sales Rank: #802,331 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

1 of 1 people found the following review helpful:

3.0 out of 5 stars Not exactly rocket science, August 15, 2006

By	P. Cherryl (California) - See all my reviews (REAL NAME)

Merchandising math is all straight-forward algebra. This large format 340 page book is padded with a comprehensive description of merchandising, from fashion forecasting to merchandise hierarchies to vendor relations. The most useful information I found was how P&L is expanded for a typical retailer, and explanations of retail terms like maintained and cumulative margin. The exercises on planning P&L, preparing a six month plan and calculating OTB were useful, but the book is aimed at college students, anyone with retail work experience will find much of the material pretty obvious.

5.0 out of 5 stars EXCELLENT, February 22, 2006

By	Jesca (Denton, TX) - See all my reviews

I received my order promptly and the book was in excellent condition complete with working CD!