Merchandise Management

1448 Words6 Pages
BUS4003 Retail and Channel Management Merchandising Management in Retailing: Vendors, retailers, customers Dr. Kenneth K. Kwong Department of Marketing and Management Week 9 Merchandise Management • Merchandise management is a process by which a retailer attempts to – offer the right quantity of the right merchandise – in the right place at the right time and – meet the company’s financial goals or profit objectives • Retailers need to be in touch with and anticipate what customers want to buy (sensitive to changes in the market trend) but are also able to analyze sales data continually and make appropriate adjustments in prices and the inventory level Develop an assortment plan Determine appropriate inventory…show more content…
gross margin % x sales-to-stock ratio) – is a
Open Document