menu

logo

user search
cart 0

Retail and E- CommerceRetail Math Made Simple


  • Back
  • United Arab EmiratesDubai
  • 20 - 24 Mar 2023
  • 20 CPD hours
  • $4,900.00
  • Overview
  • Course Outline
  • Scheduled Dates

Course Overview

For many people the phrase ‘retail maths’ conjures up horrific memories from their school days. Even so, they realise that retail maths is a very important part of operating a retail business. There are many numbers that need to be analysed regularly to help in managing the day to day business and to aid in decision making on just about everything from identifying best sellers through to range planning and budgeting.
 
By the end of the course delegates will understand the fundamentals of retail maths and understand the terminology associated with it.  They will be able to apply common formulas and mathematical models to help them budget, plan product ranges and review sales performance.

Objective:

By the end of this interactive training programme, you will be able to:

  • Understand the fundamentals of business math and statistics
  • Calculate trends, percent change and margins
  • Estimate weeks of supply
  • Understand the terminology associated with retail math
  • Identify KPI’s and their importance
  • Assess sell through rates and weeks cover
Register Now

Course Outline

Module 1 - Terms, formulas and measures

  • Glossary of maths terms used in Retail 
  • Key Performance Indicators
  • Commonly Used Formulas
  • Profitability Measurements
  • Balanced scorecard

Module 2 - Setting Budgets

  • % Mixes
  • Variances
  • Margin
  • Typical Profit/Loss Statement (Operating Statement)
  • Open to Buy (Definitions, Formulas)

Module 3 - Range Planning

  • Supplier Costing
  • Size Ratios
  • Grading & Density

Module 4 - Reviewing Performance

  • Sell through
  • Rate of Sale
  • Best Sellers
  • Weeks Cover

Module 5 - Trading

  • WSSI (weekly sales, stock & intake)
  • Markdown
  • Allocations & Replenishment 
Register Now

Schedule & Fees

2+1Offer

Get the most out of group training with our special discount! Register 3 of your participants together on the same course and only pay for 2.

Select Month

  • All
  • March
  • August
  • December

Location

  • All
  • Dubai
  • London
  • Management

5 Days 20 CPD hours

Register Now
Dubai

Dubai

$4,900.00

  • Management

5 Days 20 CPD hours

Register Now
Dubai

Dubai

$4,900.00

  • Management

5 Days 20 CPD hours

Register Now
London

London

$4,500.00

Speak to our friendly training advisor today

Employees of professional or formally regulated bodies are generally expected to have CPD accredited training. This type of accreditation ensures that the training is knowledgeable, informed and constantly updated. It ensures our standards as a company are kept high and consistent.

  • 100000+ Members in..
  • 59+ Countries With..
  • 3000+ Chapters ..
Register Now

Why Choose London Training

  • icon icon

    Reliability

    We will never cancel a confirmed booking

  • icon icon

    Support

    We offer around the clock support

  • icon icon

    Tailored

    We customise our courses to suit your personal learning needs

  • icon icon

    Quality

    Our courses are delivered by highly experienced industry experts

  • icon icon

    Recognition

    All our courses are accredited by the CPD Standards Agency

Frequently Asked Questions

How can training courses be used as a company benefit?

Training is hugely beneficial to both yourself and your company. It enables you to employ new technologies, increases your productivity and enables you to be more autonomous. Have a look here at our infographic on the importance of training and development!

How often do you update your course content to ensure relevancy?

Our course content is constantly reviewed and updated to ensure we stay up to date with all the latest trends. After every course is completed we review the feedback and improve the material where necessary.

Do you keep your classroom environment and instructional methodologies current with today’s real-world workplace?

Yes, we focus our training on ‘real-world’ scenarios and our trainers are all highly experienced and skilled in their relevant fields.

Are your courses eligible for professional certification?

Yes, we offer certification with all our courses, every course is entitled to CPD (Continuous Professional Development) hours which you can put towards your professional portfolio.

×
Please provide us with some details below and we will send a copy of the course outlines direct to your inbox

Retail Math Made Simple

  • United Arab EmiratesDubai
  • 20 - 24 Mar 2023
By submitting this form you agree to our Terms and Conditions and Privacy Policy.
x
Retail Math Made Simple

Request more information

  • United Arab EmiratesDubai
  • 20 - 24 Mar 2023
By submitting this form you agree to our Terms and Conditions and Privacy Policy.
Processing

Loading...