As a buyer for XYZ retail store (name your store) you will choose a classification of merchandise that you will buy.
You will decide your store location and the type of store it will be.
This information will be backed up by documented valid research and trend information. This written portion of the project will be a minimum of three typed double space pages, in APA format. In it, you will cite the research material used to choose this type of store, its customer demographic and its location. You will also describe the reasons why you chose your specific product classification. Part B. (30%) In Part B, you will calculate your OTB, which is the amount of retail $ you can spend to stock your store. This OTB money will be for the Fall season of 2021, which will encompass Aug, Sep, Oct, Nov, Dec of 2021 and Jan of 2022. Using the planned figures provided you will calculate the following for your store. Show this work on an Excel spreadsheet in traditional OTB grid format.
Open to buy for each month
Average monthly sales
Average monthly on order
Mark down % for each month Employee Merchandise Sales Discount MD $ Shortages BOM EOM On Order August $220,000 2% $57,200 1.5% $440,000 $356,000 $100,900 September $178,000 2% $37,380 1.5% $356,000 $270,000 $ 35,610 October $135,000 2% $28,350 1.5% $270,000 $560,000 $258,075 November $280,000 3% $72,800 1.5% $560,000 $650,000 $155,400 December $325,000 4% $100,750 2.5% $650,000 $280,000 $ 26,875 January $100,000 2% $26,000 1.5% $280,000 $350,000 $ 100.500 • Your spreadsheet should be set up so that the months run across the top (from left to right) and your descriptions run down. There is a sample in the Term Project Module. • As a reminder, OTB is the amount of merchandise that needs to be purchased so that the department achieves its EOM inventory goal. It is calculated as: o Planned Sales + Planned Reductions + Planned EOM = Total Monthly Needs o Total Monthly Needs – Planned BOM Stock = Planned Purchases o Planned Purchases – Merchandise Onorder = Open to Buy Created in Master PDF Editor Page 2 of 2 Part C. (20%) Using an Excel Spreadsheet:
You will detail your open to buy merchandise, down to the style level (not size) by month.*
Units in this spread sheet should yield the total OTB dollars by month and the total OTB that you calculated in Part B. *When describing your style information, please be sure you list the cost, markup (this should be 50% mark up at a minimum) and retail for each item. There is a sample in the Term Project Module. Part D. (10%) Solve the following:
After careful analysis of the economic data from the U. S. Government, the XYZ store set a sales plan increase for the next years Fall season, 2022, of+ 10.3%. Based on this year’s sales plan what is the companies projected sales plan for the next season?
In the 2020 Fall sales period the XYZ store had actual sales of $1,125,000. What is the Fall 2021 planned increase or decrease for sales when compared to Fall 2020? Suggest reasons for the change from one season to the next.
One of the dominant features of this movement is Islamic fundamentalism. The islamism as it is called, is broadly a utopian perspective on the political and religious implications of Islam. In an explicit way, it consists of a resizing and re-adaptation of the old traditional religious principles to the new political and social conditions of modernity. Seen from a religious perspective, this is an alternative ideology, opposed to the hegemony of modern Western systems that rely on capitalism, communism, socialism, the visions of democratic egalitarianism, etc. Consequently, we can say that Islamic fundamentalism is a politicized form of Islam, driven to the extreme by ideologues and spiritual leaders, the doctrine coming especially on the path of erroneous or extremist interpretation of jihad . In other terms, Islamic fundamentalism seeks to build a political order based on the implementation of a legalist utopia whose arbitrary elements are embraced by the sacred emblem of Islam . The origins of the Islamist vision lie in a great complexity of causes. According to Hassan Hanafi, the main cause of the failure of the contemporary ideologies of modernization in Islamic space . To be more explicit, the author listed two essential aspects of the previous thesis . The first aspect, is the failure of Western liberalism in countries with a strong Arab tradition, eg in Egypt. The author consistently demonstrates that the tendencies of democratization of such traditional-religious societies have been doomed to a resounding failure. The authoritarian tendencies, the abolition of the constitution, the asymmetric political game between hegemonic and minority parties, the falsification of electoral results, etc. were major shortcomings of democratization. Consequently, for the management of such crises, political and spiritual leaders have found the return to the fundamental principles of Islam as the only solution. Not only capitalism and democracy proved to be utopian and incapable of solving the problems of Islamic societies, but socialism also failed badly. The most concrete example in Hanafi’s view is the resounding failure of the Egyptian socialist state and the 1952 revolution. The author is of the opinion that this revolution was only seen in economic terms, but in the other segments the traditional culture was preserved, so that “Islamic socialism” proved incapable of adapting to social-political and religious aspirations. Within this incapacity, the religious factor has become increasingly important, ultimately becoming a means of discrediting the >