Question: Hello, I need help with an answer to this word problem, specifically the bolded part. Here is the problem: As a buyer, you are responsible
Hello, I need help with an answer to this word problem, specifically the bolded part. Here is the problem:
As a buyer, you are responsible for increasing sales and securing the best cost on product while meeting your gross margin plan. During the holiday season, the pressure for retailers to balance consumer wants and needs with profit becomes increasingly difficult.
Answer the following:
- What internal and external factors may influence sales in season for a buyer? - If a buyer is not meeting their seasonal sales plan, gross margin, or turn plan, what strategies can be implemented to turn the business around? Be specific on the strategies you would implement. Currently, you are operating on your CMU plan of 68.0%. - Open-to-buy may impact your replenishment on hot holiday items. What effect will not meeting sales plan have on your open-to-buy What will you need to do to increase your open-to-buy?
Please help me answer all three of the bullet points, giving as much detail and reasoning as possible. Thank you! This is due today for me.
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