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    This six-month dollar plan outlines sales, stock, markdowns, and purchases goals for a kids wear department numbered 10 with 5 buyers. The plan projects a 16% increase in total seasonal sales from $1,500,000 last year to $1,740,000. Average stock levels are projected to increase slightly from $876.8 to $898.9. Markdown spending is budgeted at 24% of sales, down from 30% last year. Purchases are projected to increase 1.5% to $1,939,500. Notes indicate the department aims to increase markup percentage and product variety to capitalize on last year's numbers and consumer spending gains as the economy and tourism improve.

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    This six-month dollar plan outlines sales, stock, markdowns, and purchases goals for a kids wear department numbered 10 with 5 buyers. The plan projects a 16% increase in total seasonal sales from $1,500,000 last year to $1,740,000. Average stock levels are projected to increase slightly from $876.8 to $898.9. Markdown spending is budgeted at 24% of sales, down from 30% last year. Purchases are projected to increase 1.5% to $1,939,500. Notes indicate the department aims to increase markup percentage and product variety to capitalize on last year's numbers and consumer spending gains as the economy and tourism improve.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    18 views3 pages

    Worksheet 2

    Uploaded by

    api-324397954
    This six-month dollar plan outlines sales, stock, markdowns, and purchases goals for a kids wear department numbered 10 with 5 buyers. The plan projects a 16% increase in total seasonal sales from $1,500,000 last year to $1,740,000. Average stock levels are projected to increase slightly from $876.8 to $898.9. Markdown spending is budgeted at 24% of sales, down from 30% last year. Purchases are projected to increase 1.5% to $1,939,500. Notes indicate the department aims to increase markup percentage and product variety to capitalize on last year's numbers and consumer spending gains as the economy and tourism improve.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 3

    SIX-MONTH DOLLAR PLAN

    DEPT. NAME

    Kids wear

    DEPT. # 10

    BUYERS

    Karly Arnold, Tyler Gremminger, Brooke Pondoff,

    Janissa Portincaso, Andrea Wenzl


    FALL

    AUGUST

    SALES $

    Last Year
    Plan
    % Inc/Dec
    Revised
    Actual

    STOCK/SALES
    RATIO

    Last Year
    Plan

    BOM STOCK $
    (Retail)

    Last Year
    Plan
    Revised
    Actual

    MARKDOWNS $

    Last Year
    Plan
    % to Sales
    % by Month
    Revised
    Actual

    PURCHASES $
    (Retail)

    Last Year
    Plan
    Revised
    Actual

    SEASON TOT.

    Sales

    225.0
    250.0
    11.1%

    3.9
    3.9

    SEPTEMBER

    300.0
    315.0
    5.0%

    OCTOBER

    210.0
    275.0
    31.0%

    NOVEMBER

    255.0
    300.0
    17.6%

    1,500.0
    1,740.0
    16.0%

    2.5
    2.5

    6.3
    6.3

    5.7
    5.7

    877.5
    974.9

    900.0
    945.0

    861.0
    1,127.9

    918.0
    1,079.6

    975.0
    1,062.8

    756.0
    1,102.2

    850.0

    89.5
    75.0
    30.0%
    18.0%

    45.0
    40.0
    12.7%
    9.6%

    66.0
    62.0
    22.5%
    14.9%

    51.5
    47.5
    15.8%
    11.4%

    134.0
    140.2
    33.0%
    33.6%

    64.0
    52.6
    30.1%
    12.6%

    450.0
    417.3
    24.0%
    100.0%

    337.0
    342.0

    306.0
    309.0

    333.0
    330.0

    363.5
    360.5

    305.0
    299.0

    278.0
    299.0

    1,922.5
    1,939.5

    LAST YEAR

    PLAN

    55%

    57%

    Markdown %

    30%

    24%

    NOTES:

    120.0
    175.0
    45.8%

    SEASON
    TOTAL

    3.6
    3.6

    Markup %

    Turnover

    FEBRUARY

    4.1
    4.1

    1740.0

    Average Stock

    390.0
    425.0
    9.0%

    JANUARY

    3.0
    3.0

    $1,500.00

    Gross Margin %

    DECEMBER

    876.8 avg.
    898.9

    ACTUAL

    41.5%

    876.8

    898.9

    1.71

    1.94

    By having a wider variety of product, and raising our markup we will be able to capitalize on last years numbers.
    As the economy and unemployment improve, consumers will be spending more money, especially on items we
    specifically source to follow current trends. Along with this, the tourist market will be higher as families taking
    vacations will continue to rise with the excess expenditure possibilities.

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