Showing posts with label retail. Show all posts
Showing posts with label retail. Show all posts

Math: The Universal Language


For those of you who maybe didn't know - math is everything.While you might be moaning and groaning (trust me you're not alone), it's simply something that we have to endure if we ever want to land a job in any field of the industry. Retail math is something that is used throughout the workforce from buyers to retail management. A series of equations and ratios, retail math is used to determine how fast inventory is selling, if the product you're selling produced a profit, and which products (or departments) have the greatest impact on sales.

Inventory Management: SKU's & UPC's


One of the most important aspects of retail is inventory management. Without an efficient way of managing stock levels, stores can see big losses because of stagnant product sitting on their shelves. There are two ways of identifying a product or service.

Merchandising Basics

Selling through suggestive styling. It's one of the most essential concepts to have while working in a retail environment. Merchandising is both an artistic and business related subdivision of the retail market. For many retailers, both large and small, the impact of merchandising can not only be seen in monetary value, but within customer satisfaction as well. It is within this satisfaction that the cycle ultimately comes full circle and monetary return can almost definitely be seen.


Merchandising is a simple idea that has an overwhelming complexity of artistic and monetary opportunity. Though it is vastly used throughout the industry, there continues to be a lag in retailers not taking advantage of this simple concept. Whether it be a lack of time or the inability to conceptualize; merchandising is an easy skill to learn and once it comes into place, is difficult to do without.