Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Allocate your Inventory budget of $10,000 for your shoe department. Your shoe wall has 20 display spots with each spot offering a unique style.
Allocate your Inventory budget of $10,000 for your shoe department. Your shoe wall has 20 display spots with each spot offering a unique style. You are a Women's and Men's store. Your classification is by lifestyle: casual/athletic/formal with retail prices of $40, $70, $100, respectively. In dollars, the athletic segment represents 50% of the business, the casual segment represents 20% and the formal segment represents 30%. The size runs for women are 6, 7, 8, 9 and men are 9, 10,11,12, (only offer whole sizes). Use excel and show your work. 1. How many unique styles did you offer in each segment? 2. What was your dollar buy in each segment? 3. What percentage did each segment represent in dollars of the total buy?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started