Wednesday, November 20, 2013
Buying Retail Merchandise
Buyers must have three things: good timing, good fashion sense and good business skills.
Buyers
- purchase from manufacturers or vendors
- monitors both fashion trends and what is selling
Buying Process (Merchandising Cycle)
- Merchandise planning
- sales records, vendor info, market week previews
- Merchandise Buying
- buying trips
- Merchandise selling
- provide information to assist sales staff in selling
Procurement - 3-6 months ahead of the item being in the store
Market Centers
Market Weeks - showrooms, runway events, samples
Trade Shows
Apparel Marts
- California, Dallas, Atlanta, Miami
Foreign buying
Resident Buying Offices
Making the Purchase - some terms:
Leaving Paper
Purchase Order
Terms of Sale
Completion Date
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