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Retail Math

Brochure: pdf   Contact Us: contact us   Buy: buy  

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Title: Retail Math

Developed by: MindEdge

Target Audience: This course is designed for those who need to strengthen their skills in retail math. It will give a solid foundation to those who are new to the retail merchandising industry, as well as give experienced buyers and planners a chance to tune up their math skills. The course includes a variety of interactive exercises and provides comprehensive testing of the course materials.

Hours of Study: 4

Course Outline:

  • Computer notation
  • Fractions and percentages
  • Calculating percentages
  • Calculating percent change in sales
  • Key retail quantitative measures and their meaning
  • Calculating gross margin
  • Markups and markdowns
  • Calculating average break
  • Key inventory measurements (weeks of supply and sell-through-percentage)
  • Sales index, stock index, and stock-to-sales ratio

Cost: $99/£65/€88

Group discounts: 100- 200 seats 20% off, 201- 300 25% off, 301- 400 30% off, 401 - 500 35% off, 500+ 40% off.

Alternative courses on the same subject: Retailtraining.com’s Introduction to Retail Finance is a 20 minute program which introduces the three main financial statements and also introduces Open to Buy. It goes on to explain the importance of financial analysis. NRF’s Principles of Financial Reporting class is suited to store managers and potential store managers who need to understand and interpret financial reports, particularly related to periodic trading statements. 6One5’s Managing the Finances of Your Retail Store is also suited to independent retailers and store managers and potential store managers. Martec’s Retail Financials module is more geared to headquarters personnel who need to analyse a company’s financial statements to identify long term trends and performance improvement opportunities by analysing the profit and loss account, balance sheet and cashflow statement along with selected key performance indicators. Companies selling goods and services to retailers will also find this helpful.