WEEK 4 | Managing Profit


  • RETAIL ASSEMBLY Seattle, WA United States

P & L BASICS

Profit and loss basics

Gross margin - an overview | Gross margin and gross profit 

Operational expenses | Operational expenses and profit | Calculating gross profit

TEST YOUR SKILLS | Change in Gross Margin Rate | Gross Margin - Challenge your Understanding

 

 

IMPROVING FORECASTED PROFIT

AVAILABLE UPON COMPLETION OF WEEK 1 to 3

Merchandise plan profit formulas used

Gross margin versus gross profit

Sales affect on profit

Markdowns and profit

Shrink and profit

Operational costs and profit

Initial mark-up and profit

Overcoming a forecasted profit shortfall


EXPECTED TIME TO COMPLETE | 20 minutes