MANAGEMENT

Detailed explanation-1: -Merchandising makes several important contributions to your store. It increases sales by making a store appealing to your customers. It improves profitability by generating more margin dollars. It controls costs by improving the productivity of the salesfloor as well as each employee.

Detailed explanation-2: -Space planning determines where, and how, to place merchandise within a store to increase sales and can be used to adjust the visibility, appearance and presence of products to make them appear more desirable or to ensure sufficient inventory levels on the shelf or display.

Detailed explanation-3: -A retail space is a place where you display and sell your merchandise. Managing a retail space isn’t just about putting your products out there and waiting for people to come and buy them. You have to plan out your space so that it encourages the customers that visit your store to purchase your products.

Detailed explanation-4: -Why is merchandise planning important? By using merchandise planning, you can anticipate changes in market demand and adjust product availability accordingly, ensuring the right merchandise is available in the right quantities at the right time. It’s also important for retailers to: Maintain profits.