Professional Documents
Culture Documents
By tasneem merchant
Fashion merchandising
The term fashion merchandising in fashion retailing
refers to the total process of stock
planning,management and control.
The job requires highly developed numeric skills and
inate ability to spot trends, relationships and co-
relationships within regular sales and stock figures.
The sales information is captured by price ticket bar
codes, detailing style, colour, size, season and price.
merchandising
The merchandiser is responsible for maximizing the
profitability of the department,working within the
conventionally accepted norms of business.
Each buying team must plan and buy ranges that fit in
with those of other buying teams in terms of styling ,
age targeting, color palette, pricing and quality level.
Without such synergy any fashion retailer would
create varied ranges resulting in total consumer
confusion.
He is helped in the process by regular interaction
,intervention, advice from a senior buying and
merchandising executive.
Merchandising structure
Many large retailers with separate and dedicated
distribution teams believe that the specialist and
highly detailed work of allocating garments
effectively at a very low level of detail.i.e. by
individual size and color to an individual shop – best
done as a separate operation.
Businesses that apply erratic parameters to stock
management can easily lose control of their stock at
both their overall and line level of detail.( line –
individual product styles).
The distribution team is focused on maximizing sales
and profit ,through effective allocation to stores.
The new merchandising structure
Buying and
Merchandizing
director
Head of
Merchandizing-
Several
Product lines
Product 1 Product 2
Merchandizer(planner)
Assistant merchandiser
Merchandising assistant
Merchandiser ensures that
The business de-risks itself
by making the best
decision at a point in time.
De-risking refers to the
process of optimising sales
Performance and
minimising stock risk by
Making informed
decisions.
Stock- an investment
which generates best
returns for the business.
Stock is money –it
must always be in
the right quantity,
in the right place at
the right time
Merchandizing management
The process of merchandise management reflects the
activity of both the merchandise planner and the
distribution manager.
Planning stock to be delivered in the business i.e.
Analyzing historic sales patterns and trends
Recommending forward fabric buying levels
Recommending forward garment buying levels
Monitoring and managing delivery of new stock into
the distribution centre.
Merchandizing activity
Ensuring that overall stock levels and buying are in line with
the organization sales plan
Moving delivered stock around the business
initial allocations of new stock to shops- what qty to each?
Store replenishment as garment start to sell- how much more
stock and how quickly to send to different branches?
Recommending the level of repeat buys of best selling lines
Transfers and recalls of faulty or non- seasonal stock
The role and responsibilities
of the merchandiser
1) To estimate sales and plan stock levels to achieve
the planned sales and margin for a specific garment
type
- a key function of the merchandiser is to develop the
range plan for the product lines which the
designer/buyer have conceptualized
- To ensure that a specific product range is balanced
in terms of style and color , size and price point and
that there is sufficient stock available to meet the
garment type or sales target.
Role of merchandizer
2) to provide regular analysis and progress report
referring to stock levels, sales performance and stock
purchases to senior management
- providing weekly reports indicating their product
areas performance compared with target sets.
Fast- selling items need to be re-purchased quickly
Poor-sellers need to be marked down to lower the
price and sell them in end of season sales.
3) To work with buyer on range planning
to maximise
commercial opportunities for products
The merchandiser is most concerned with balancing the range
commercially, ensuring that there is correct mix of styles,colours,
sizes and price points in the range.
The quality and accuracy of the range planning process provides the
Fundamental foundation for the future of the organization