Retail Buying: From Basics to Fashion, 3rd Edition

  • ©2008
  • 528 Pages
  • Softcover, 7.375 x 9.25
  • 978-1-56367-703-8
$78.00
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This comprehensive book gives students the skills they'll need to become successful buyers in all retail areas. With an emphasis on developing a strategy for buying, its simple and straightforward approach presents students with step-by-step instructions for typical buying tasks, such as identifying and understanding potential customers, creating a six-month merchandising plan, and developing sales forecasts. Ample activities give students the opportunity to apply these skills as they would in a professional environment. This edition offers expanded coverage of the use of technology for retail buying and working with foreign markets. The companion text, Making Buying Decisions: Using the Computer as a Tool furthers the connection between retail buying strategies and merchandise math.

• Updated and expanded chapter features: "Internet Connections," "Snapshots," and "Trendwatches"

• New charts and illustrations

• Expanded and updated coverage of direct marketing and the growing use of database- driven marketing and technology

• Revised discussion of the types of buying offices and purchasing from foreign sources

• Updated facts for identifying changes in consumer markets

• More emphasis on using the Internet as a promotional tool

• Increased coordination with companion text Making Buying Decisions: Using the Computer as a Tool

Understanding the Retail Environment Where Buying Occurs
• Today's Buying Environment
• The Buying Function in Retailing
• Buying for Different Types of Stores
Getting Ready to Make Buying Decisions
• Obtaining Assistance for Making
• Buying Decisions
• Understanding Your Customers
• Understanding Product Trends:
What Customers Buy
Planning and Controlling Merchandise Purchases
• Forecasting
• Preparing Buying Plans
• Developing Assortment Plans
• Controlling Inventories
Purchasing Merchandise
• Selecting Vendors and Building Partnerships
• Locating Sources in Foreign Markets
• Making Market Visits and Negotiating with Vendors
• Making the Purchase
Motivating Customers to Buy
• Pricing the Merchandise
• Promoting the Merchandise

Instructors and Students:

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Richard Clodfelter is a Professor in the College of Hospitality, Retail, and Sport Management at the University of South Carolina, Columbia, where he teaches retail buying, internet retailing, and entrepreneurship. Clodfelter holds a Doctorate from Virginia Tech, a Master’s from the University of North Carolina at Greensboro and a Bachelor’s from Appalachian State University. His primary research interests include retail pricing, purchasing on the Internet, and retail technology. His articles and papers have received awards from several retailing and educational associations.

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