FMD 256 Lecture Notes - Lecture 3: Jargon, Moosejaw, Printemps

• School: CMU
• Department: Fashion Merchandising and Design
• Course: FMD 256
• Professor: Ian Mull

Document Summary

Brick and mortar retailing: brick and mortor refers to a physical presence of an organization or business in a building or other structure. Department stores: the department store industry consists of retail establishments that sell a variety of products such as clothing, cosmetics, footwear and home furnishings, typically through decentralized points of sale throughout the store, us dept. Childre(cid:374)"s (cid:894)(cid:1010)%: types of department stores. Mid-market department stores luxury department stores: organizational and operation differences. Limited line- saks fifth avenue: global examples, the grand magasins. Key performance indicators: sales per square foot, sales per employee. Inventory turnover: number of locations, average consumer spend, gross margin return on investment, sell through percentage, net profit margin. Examples: ma(cid:272)(cid:455)"s i(cid:374)(cid:272, nordstrom inc, kohl"s (cid:272)orporatio(cid:374, sears holdings corp, dillard"s i(cid:374)(cid:272, ross stores inc, belk. What is a publically traded company: advantages. Revenue can be generated through additional offerings: disadvantages. Influence of sameness syndrome on merchandise buying: devising turnaround tactics, marketing strategies.