BUF 2255: Merchandising, Planning, and Buying provide 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.
Brand Buying/Planning Plan: LuxLeisure
This open-to-buy project involved creating a fashion retail store and choose a classification of merchandise that you would like to buy. You will decide where your store will be located and what type of store it will be. This information will be backed up by valid research and trend information. Once you have decided on the type of merchandise you want to carry and have developed a name for the store and location you will have $1,182,000 (Retail) to spend to stock your store.
