PROFIT AND PRODUCT COST - SELECT CONTENT

Our online Merchandise Planning course is our most popular advanced course. Retail Buyers, Product Planning teams and Sales Directors love this course. Below is a sample of some of the topics we cover in the 2nd week where our playbook focuses on profit and how we can effect this important aspect of creating a sustainable fashion business as merchandise planners.

*This course is now offered by our partners over at Productlytics.

COSTING FOUNDATION

• Costing foundation introduction

• Product cost

• Discounting cost

• Landed cost

• The benefits of cost planning | Cost of sales | Inventory cost values 

PRICING

• Product pricing affect on sales

• Case: Incorrect pricing implications - Target US vs. Target CAN

• The significance of average retail and sell-price

• Pricing architecture

P & L BASICS

• Profit and loss basics

• Gross margin and gross profit

• Calculating gross margin

• Calculating gross profit

• Gross margin - an overview | Gross margin and gross profit 

• Operational expenses | Operational expenses and profit | Calculating gross profit

  Expenses and profit

MARK-UP

• Mark-up is potential profit

• Calculating mark-up

• Initial mark-up

SELF-DIRECTED SKILLS TESTS

• A tee's gross margin

• Gross margin - challenge your understanding

EXPECTED TIME TO COMPLETE | 1 hour