You will understand how to make the calculations and what to do with the answers you get.
There is a lot more content like Open-to-Buy, Sell-Through and Web Analytics as well as Big Data considerations are included with this 5th Edition.
Table of Contents:
1. Introduction .....................................................................3
2. Glossary of Terms Used in Retail Math Made Simple ..5
3. Key Performance Indicators .........................................12
4. Commonly Used Formulas ............................................24
5. Open to Buy (Definitions, Formulas) .............................45
6. Sell Thru ..........................................................................48
7. Typical Profit/Loss Statement (Operating Statement) .50
8. Test Your Knowledge (Retail Math Quiz) and Answers 54
9. Retail Math Presentation & Presentation Notes ...........63
10. Website Metrics & Measurements ............................174
11. Utilization of Big Data and Analytics in Retail............187
Dianne Miethner and Matt Parmaks are co-founders of DMSRetail, a leading retail consulting and training company.