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Based on the given scenario and the financial spreadsheet, evaluate color selling from...
Based on the given scenario and the financial spreadsheet, evaluate color selling from last year and decide how many of each style andcolor per style to buy.
The buyer for a lingerie store wants to carry a new line of robes for March-May. The buyer had great success on robes brought in the fourth quarter for the holidays, but wants to add a few more to the assortment for Mother's Day. The buyer wants to test five styles in the top 10 sleepwear stores. This assortment will hit the selling floor in March and The buyer hopes to sell the entire stock during the week following Mother's Day.
The buyer feels that the Mother's Day business will be about 30% of what was done for the Holiday season—the fourth quarter. Based on what is know from last year, use that as a guide to select the quantities.
Use retail math to be sure that you are buying enough to achieve your sales and gross margin. You also need to use all of the Open-to-Buy dollars you have set aside in March for this assortment. Utilize all of the financial supplied to support your decisions.
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