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Retail Math Made Simple, by Dianne Miethner, Matt Parmaks
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Formatting Issue is now resolved, still the excellent content.
For a lot of people the phrase 'retail math' conjures up horrifying memories from their school days. Even so, they realize that retail math is a very important part of operating a retail business.
In every business there is never ending number crunching going on. The analysts have to look at the numbers from every angle to ensure on-going profitability.
A retail store, or group of stores, is no different. There are many numbers that need to be analyzed regularly to help in managing the day to day business; to aid in decision making on just about everything.
You don't need to be an accountant or a mathematician to make the calculations.
Retail math is not difficult. All you need to know is which numbers to use and how to interpret the results. Addition, subtraction, multiplication and division are the only functions required.
For a full understanding of how your retail business operates
you need retail math knowledge.
That is where DMSRetail can help you. We have developed a Retail Math eBook for retail management. This book will give you all of the information you need to start using retail math with confidence. You will understand how to make the calculations and what to do with the answers you get.
Here is a summary of what you get:
Glossary and Definition of the Terms
Retail Metrics
Key Performance Indicators
Commonly Used Formulas
Open to Buy - Definition, Formulas
Sell-Thru Scenarios (Impact of price and gross margin on sales)
Balanced Score Cards for Retail Managers
Typical Profit / Loss Statement (often called P/L or Operating Statement)
PowerPoint presentation explaining all of the above in more detail
Retail math is considered an integral part of a good retail manager's skill set. It can be found on some companies' pre-employment screening tests.
- Sales Rank: #230981 in eBooks
- Published on: 2011-12-03
- Released on: 2011-12-03
- Format: Kindle eBook
Most helpful customer reviews
3 of 3 people found the following review helpful.
Good content, bad formatting
By L.R.O
Content is excellent, however the formatting for the Kindle is awful; huge gaps in the text, several pages have just a few words, way too much white space. I don't know if there are graphics missing or, if everything is there and just poorly spaced. Kind of annoying to read.
2 of 2 people found the following review helpful.
Great value!
By Brittany Prentice
I’m happy with this book. I’ve been in retail for a while and I’ve worked with some of this stuff before but it was just routine, now I actually understand why certain numbers are important and what I should learn from them. I like the fact that each formula was shown and explained. It’s a good value.
2 of 2 people found the following review helpful.
Concise, to the point - formatting is fine
By Steve
I got a lot from this book. It covers the important stuff like kpi's, formulas, P&L, etc. and presents everything in a way that's easy to understand. The author clearly knows retail. I would definitely recommend it.
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