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Retail Math Made Simple

Retail Math Made Simple 2nd Edition

For a lot of people the phrase 'retail math' conjures up horrifying memories from their school days. Even so, they realize that retail math is a very important part of operating a retail business.

In every business there is never ending number crunching going on. The analysts have to look at the numbers from every angle to ensure on-going profitability.

A retail store, or group of stores, is no different. There are many numbers that need to be analyzed regularly to help in managing the day to day business; to aid in decision making on just about everything.

You don't need to be an accountant or a mathematician to make the calculations. Retail math is not difficult. All you need to know is which numbers to use and how to interpret the results. Addition, subtraction, multiplication and division are the only functions required.

Head Office personnel work with retail math regularly. Most of their decisions are based on financial considerations of one type or another.

Retail Math Made SimpleRetail math is a major component of the background work done before most decisions involving the allocation of resources are made.

Did you ever wonder why certain items in the store are not reduced in price during a markdown? You know, the items you think won't sell even at a reduced price? You and your staff may be thinking that your Head Office buying department missed this item because they are not in the store and don't know what's going on.

Well, while that certainly could be the case, more likely it has to do with the markdown budget they are working with. Retailers know that they will be required to take markdowns. During the budgeting, or planning process they estimate how many dollars they will lose to markdowns. When it is time to do a markdown they need to make their decisions based on that estimate because, otherwise, they will lose too much during a particular time period.

And how about the flow of inventory into your store? Is it consistent or erratic? Retail math is used to determine flow of inventory. Unfortunately sometimes the numbers indicate that new merchandise cannot be sent in at a certain time. Perhaps it wasn't ordered with enough lead time to get it to your store when you think it should be there. Decisions, good or bad, are usually based on the numbers.


           
For a full understanding of how your retail business operates you need retail math knowledge.

That is where DMSRetail can help you. We have developed a Retail Math eBook for retail management. This book will give you all of the information you need to start using retail math with confidence. You will understand how to make the calculations and what to do with the answers you get.

Here is a summary of what you get:

Glossary and Definition of the Terms

Key Performance Indicator Formulas

Commonly Used Formulas

Open to Buy - Definition, Formulas

Sell-Thru Scenarios (Impact of price and gross margin on sales)

Typical Profit / Loss Statement (often called P/L or Operating Statement)

Retail math is considered an integral part of a good retail managers skill set. It can be found on some companies' pre-employment screening tests.

Order your copy of "Retail Math-Made Simple" now to talk about your store(s)' performance with knowledge, intelligence and authority.

Your Better Than Risk-Free 2 Month
Money-Back Guarantee

If, after you purchase this product, you feel, for any reason, that it fails to live up to our promises (or even if it does and you just change your mind), simply send us an email and we’ll immediately and cheerfully give you a 100% refund of the purchase price. No questions asked!

If you do decide to return this product for a full refund, please keep it anyway as our special gift to you. It’s our way of simply thanking you for at least giving us a try!

This way, even if you decide that it’s not right for you, the worst that can happen is you’ll get a $14 value absolutely FREE. That’s what we mean by BETTER THAN RISK FREE!

Click on the secure PayPal  button below:

Visa, MasterCard, American Express, Discover and eCheck are accepted. (PayPal, an eBay company, has 100+ million users and bullet-proof security - You do not have to be a PayPal member to process your payment at no charge, DMSRetail pays the PayPal fees)

Retail Math Made Simple is also available as part of Mega Retail Success Bundle or Super Retail Success Bundle to save you money while getting a ton of additional knowledge, insights and tools to make you more successful.

Retail Math Made Simple 2nd Edition only US$14.00

Important Note: This price is for Electronic delivery of "Retail Math Made Simple" to your email in pdf format. For pricing on printed copy, shipping and handling, please call (312) 239-0919 or email info@dmsretail.com .

How to Order: The secure order form on the next page (once you click the PayPal "Click here to buy" button) will look like this:

Your investment will be processed by PayPal®. PayPal account is not required. If you just want to use your credit card (or e-checking), you just need to click on "continue" at the bottom left of the page (see example on the right). You will be taken to credit card payment page. Once successfully processed, you will be receiving your "Retail Math Made Simple" within 24 hours delivered to your email.

·   If you want to pay by check or money order please Click Here (We will email you "Retail Math Made Simple" as soon as your payment clears.) 

Retail Math Made Simple

 

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