Course Description

Provides an overview of modern inventory control systems and sales records. Topics include the retail method of inventory, operating statements, techniques of planning, and methods of figuring mark-ups, markdowns, open-to-buy, and terms of sales. Specifically, the course exposes you (the student) to the mathematical concepts, techniques and analysis which are fundamental to the buying and planning process. Retailing encompasses business functions to first procure goods from a manufacturer and later distribute and sell these goods to the end user or consumer. Many of these processes are highlighted using mathematical problems and interactive learning techniques. Upon successfully completing this course, you will understand how retailers systematically maximize return on investment, through planning sales and inventory in order to increase profitability. Students will become aware of the importance of maximizing sales potential and minimizing losses from markdowns and stock outs. Finally students should be able to explain the financial operations of retail merchandising and apply these principles in basic computer-simulated case situations.

Syllabus

Final Project(s)

FIT Black Designers Exhibition

The purpose of this assignment is to examine the significance of the displays of Black Designers in the FIT Exhibition. Despite their significant contributions to the fashion industry, Black designers tend to be overlooked. As a result, in this paper, I will address the significance of their impact on the industry overall and the overall contribution they make.  

Social Culture Influences Paper

The purpose of this paper is to explain the social culture of bridal gowns, particularly the influences that it has on them. The purpose of the paper is to explain the effect on fashion of the social culture of bridal gowns. This paper explores the history of wedding dresses over the years, and how they have influenced fashion today, as well as how they fit into the fashion industry.