Question
Create an assortment plan, pricing strategy, and sales forecast for your product line for kids wear Anita Dongre Main products are choline skirts for girls
Create an assortment plan, pricing strategy, and sales forecast for your product line for kids wear Anita Dongre Main products are choline skirts for girls and Kurt pajama for dresses. Please make sure to make it more elobrative
- Determine the cost of each item and retail price (use a 50% or higher cost markup).
- Identify your number one item all the way to your last style. For each item provide a explanation for their positioning in the line. This is the essence of merchandising.
- Develop an Assortment Plan for Fall 2024. See example of assortment plan in Module 5 since you are now creating an assortment plan.
- Develop of 3-year Sales Forecast (for first year and 2 years after). See examples of Sales Forecasts in Module 5 since you are now creating a sales forecast.
The Assortment Plan should be created and then discussed in this section. Make reference to the actual plan being located in the Appendix section since it will be placed there when the final project is uploaded. Each item should have a unique SKU that contains information on division, class, season, cost and retail price, material, size, color, etc. Remember to discuss unit prices for your product line and calculate and discuss Markup %. The formula for Markup % is Markup % = $Markup/$Retail.
The Three-Year Sales Forecast (for the first year and 2 years after) should be created and then discussed in this section. Make reference to actual sales forecast being located in the Appendix section since it will be placed there when the final project is uploaded.
When researching and writing each assignment (related to each section of the project), please include your resources using the APA format for documentation. Include in-text citations and a Reference page. Please proofread all work carefully before uploading it.
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