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Beyond the Register: What is Retail Buying?

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Presentation on theme: "Beyond the Register: What is Retail Buying?"— Presentation transcript:

1 Beyond the Register: What is Retail Buying?

2 2004 Retail Sales Landscape

3 DELIVER PROFITABLE SALES
GOAL OF EVERY RETAILER: DELIVER PROFITABLE SALES

4 Merchandising Career Path

5 From Point-of-Production to Point-of-Sale...
What is Merchandising? From Point-of-Production to Point-of-Sale... PRICE PRODUCT PROMOTION PLACE PRESENTATION

6 PRODUCT Last Year History Emerging Trends Vendor Performance Key Items
Determining Assortment Last Year History Emerging Trends Vendor Performance Key Items

7 PRICE 2 FOR 49.99 33% OFF CLEARANCE Perceived Value Competition
Compelling and Profitable 2 FOR 49.99 Compelling Price Points Perceived Value Competition Average Retail 20% OFF COUPON 33% OFF CLEARANCE

8 PLACEMENT Geographics Demographics Door Trends Advertising
Inventory Management Geographics Demographics Door Trends Advertising

9 PROMOTION Promotional Calendar Layout and Design TY vs. LY
Advertising Promotional Calendar TY vs. LY Layout and Design Compelling Pricing

10 PRESENTATION Plan-O-Gram Grouping Signing Fixtures Extras
Visual Display Plan-O-Gram Grouping Signing Fixtures Extras

11 Why a Retail Buying Career?
Utilizes Multiple Disciplines Manage $7-40 M Buying Segment Entrepreneurial High Level Decision-Making Challenging, Fast-Paced, Dynamic

12 Performs Great Analysis Excellent Communicator
WHO MAKES A GREAT BUYER? Performs Great Analysis FUN! Team Player Excellent Communicator Has a Sense of Urgency Gets Results Multi-Tasks


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