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A buyer can have frequent meetings with the buying manager to discuss the development of the range of garments. Buyers also interact often with the merchandising, design, quality control, and fabric technology departments. A buyer meets with the finance, marketing, and retail sales personnel on a less frequent basis. [1]
LIM College was founded in 1939 by retail and education expert Maxwell F. Marcuse as the Laboratory Institute of Merchandising, at the request of retailers who wanted a school that would teach women about the fashion business and merchandising. LIM became co-ed in 1971 and Maxwell's son, Adrian G. Marcuse, became president in 1972.
Fashion merchandising can be defined as the planning and promotion of sales by presenting a product to the right market at the proper time, by carrying out organized, skillful advertising, using attractive displays, etc. Merchandising, within fashion retail, refers specifically to the stock planning, management, and control process.
The industry standard model for category management in retail is the 8-step process, or 8-step cycle developed by the Partnering Group. [10] The eight steps are shown in the adjacent diagram; they are : Define the category (i.e. what products are included/excluded). Define the role of the category within the retailer. Assess the current ...
The average U.S. Costco member has a household income of $100,000, well above shoppers at Target ($89,400), Sam’s Club ($86,900), and Walmart ($76,300), according to consultancy Kantar Retail ...
The Fashion Retail Academy is a vocational training college in the Moorgate area of London, England. It was founded as a National Skills Academy in 2005 [1] by M&S, Next, Experian, F&F and Arcadia, [2] with funding from the UK government. Philip Green, chairman of the Arcadia Group, contributed between £5 million [3]: 126 and £12 million [4 ...
Jean Rosenberg, whose eagle-eyed merchandising and designer discoveries helped define the Fifth Avenue specialty store Henri Bendel, died June 15 at the age of 97. A memorial service is not being ...
Under the stewardship of merchandising maestro Mickey Drexler, Gap hit its cultural peak in the 1990s, at the height of American mall culture, as the go-to option for the dominant American office ...