HST 210 Chapter Notes - Chapter 10: Breakfast Cereal, Inventory Turnover, Gross Margin
23 Apr 2016
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Different merchandise groups, which are the highest level of the buying organization, (womens, mens/childrens/intimate, home/kitchen, accessories), managed by general merchandise managers, who are responsible for several departments within those categories (sportswear, dress apparel, young men"s apparel, etc. ) The department is next; managed by divisional merchandise managers. Classification buyers are responsible for buying different classes (but really sku"s) of apparel within a department, e. g. mens pants instead of jackets or shirts. Sku refers to size, colour, and style. They are responsible for buying the correct quantities of each item, allocating those items to stores, monitoring sales, and suggesting markdowns. In effect, they implement the assortment plan developed by the buyer. merchandise category is an assortment of items that customers see as substitutes for one another. For example, a department store might offer a wide variety of girls" dresses sizes 4 to 6 in different colours, styles, and brand names.
