Explanation should include a six-month plan covering
- sales
- inventory
- markups
- markdowns
- purchases
- gross margin and turnover.
Process/Skill Questions:
Thinking
- Why is it important to have a six-month plan?
- How does one develop and present a six-month plan in the fashion industry?
Communication
- How might the fashion industry professional report a six-month plan to help with career advancement, and to whom should the plan be reported?
- How do stores communicate markdowns?
- How do stores communicate sales?
Leadership
- How can a fashion retailer become a leader in the industry?
- How can leadership improve profits?
Management
- What are ways management can improve profits? What are ways management can hurt profits?
- How can a fashion retailer become a leader in the industry?