Six-N PROBLEMS MER 1. A major skate company is expanding its business by stores throughout the United States. The product lin equipment (for in-line skating, ice skating, and hockey instructional services, minicamps and in-house promot on the success of stores along the east coast, this manufa to open a store for the upcoming spring season in Houst Financial projections are as follows: ss by opening ska line consists of ockey), cloth motions. Based oufacturer plan Houston, Texas Last Year a Sales Perce sweak sales trends Planned sales are $700,000 for the spring season. Average departmental MU is planned at 52%. Planned markdowns are 12% of planned sales. The first and last months of the 6 months show weak sales A stock assortment with a 3.0 to 1 stock-to-sales ratio is sary to build for opening. Management will accept an EOS stock figure of $220K. Retall (BOM) Markdc Based on these data, prepare a six-month plan. Upon completion of the financial plans, prepare to discuss professionally an analysis of these financial decisions. 1. Analysis of the monthly sales projections. 2. Analysis of the monthly SSR and monthly BOM stock. 3. Analysis of why average stock is substantial 4. Determination of why the turnover is in line with industry standards and with the opening of a new store. 5. Explanation of the breakdown of markdowns in relation to the company's marketing and promotional plans. 6. Analysis of the flow of new merchandise monthly. 7. Overview of monthly marketing, sales, and promotional plans that correlate with the sales projections. Retail Purch Remember, your financial budget must be in line with consumer economic, and fashion trends, along with the trends of the geo- graphic area being targeted for the new store. Note: Marketing consultants are responsible for providing psychographic and demographic data for business owners to use in making sound decisions. The information would be in the form of a detailed marketing research report. Six-N PROBLEMS MER 1. A major skate company is expanding its business by stores throughout the United States. The product lin equipment (for in-line skating, ice skating, and hockey instructional services, minicamps and in-house promot on the success of stores along the east coast, this manufa to open a store for the upcoming spring season in Houst Financial projections are as follows: ss by opening ska line consists of ockey), cloth motions. Based oufacturer plan Houston, Texas Last Year a Sales Perce sweak sales trends Planned sales are $700,000 for the spring season. Average departmental MU is planned at 52%. Planned markdowns are 12% of planned sales. The first and last months of the 6 months show weak sales A stock assortment with a 3.0 to 1 stock-to-sales ratio is sary to build for opening. Management will accept an EOS stock figure of $220K. Retall (BOM) Markdc Based on these data, prepare a six-month plan. Upon completion of the financial plans, prepare to discuss professionally an analysis of these financial decisions. 1. Analysis of the monthly sales projections. 2. Analysis of the monthly SSR and monthly BOM stock. 3. Analysis of why average stock is substantial 4. Determination of why the turnover is in line with industry standards and with the opening of a new store. 5. Explanation of the breakdown of markdowns in relation to the company's marketing and promotional plans. 6. Analysis of the flow of new merchandise monthly. 7. Overview of monthly marketing, sales, and promotional plans that correlate with the sales projections. Retail Purch Remember, your financial budget must be in line with consumer economic, and fashion trends, along with the trends of the geo- graphic area being targeted for the new store. Note: Marketing consultants are responsible for providing psychographic and demographic data for business owners to use in making sound decisions. The information would be in the form of a detailed marketing research report
