final project

musicmakers333
Assortmentplan.pdf

Running Head: MERCHANDISE ASSORTMENT PLAN ! 1

Merchandise assortment planning is the optimal arrangement of items in a store to

maximize sales conversion (Bahng, et al., 2018). The ultimate goal of a business is to make

profits and one of the most effective tools that a retailer can use for sales conversion is

merchandise assortment. Merchandise assortment planning effectively helps retailers to organize

their merchandise especially in the cases of seasonal selling. This merchandise assortment plan is

for an apparel retail store that seeks to maximize profits from its fall/winter apparel collection.

The assortment will focus on the six apparel categories and how they will be presented to their

target market.

Table 1 shows the assortment plan per merchant category for the store. Since the fall

season is characterized by cold weather and snow, the category has more focus on apparels that

are warmer such as coats and sweaters, yet stylish and breaking from the fashion norm of dull

colors. Pieces from the collection can be used to make statement fashion due to their unique

designs and variable colors. Since the apparel store is new to the market, retail management has

to carefully map out the objectives of the business. From the display arrangement, the target

market should clearly understand the product that the store is introducing to them, and the

uniqueness of the brand (Yu, et al., 2018). The display will determine the rate at which customers

are attracted to the product which in turn converts into sales.

Table 2 shows the quantity of stock per merchandise category. The main target market for

the business is the middle working class individuals who have a taste of style and attention to

detail. Away from the traditional dull colors of fall collections, the store offers pieces that are

MERCHANDISE ASSORTMENT PLAN ! 2

vibrant, warm and stylish which can make individuals to stand out with statement inexpensive

pieces. This is also the competitive advantage the store plans to use.

Table 3 shows the monthly unit allocations for the apparel line. The fall season is also the

festive season, hence more people are expected to spend money on clothing and gifts. The table

allocates less office wear for both men and women in the month of December and more of the

classy wear including those of children in that month. Being a colder month, December also has

a higher stock of coats and warm clothing compared to the other months.

The success of the merchandise assortment plan relies on the attractiveness of the

assortment and the sales turnover rate. The store starts with a relatively lower stock levels of the

line allowing room for the customers to dictate their interests. From the category assortment

sales turnover, the retailer will be able to understand consumer behavior that will help them plan

better (Yu, et al., 2018). This will also inform future merchandise budget planning in order to

stock goods that the market really needs.

The merchant assortment plan also capitalizes on the festive season spending spree by

stocking more during the month of December (Bahng, et al., 2018). The retailer understands well

which products are needed and at what time, and uses the information to sort inventory in the

best profit maximization plan. All the six apparel categories serve the needs of the client during

the season which are; to be stylish and to stay warm without spending too much money.

MERCHANDISE ASSORTMENT PLAN ! 3

Table 1: Model Stock Plan

Merchant Category

Merchant assortment

description colors style sizes

Office Men’s wear

shirts Cotton tailored

variabl e

Short and long sleeves

Small to 5xl

Trousers Tailored variabl e

Fitting Small to 5xl

Two piece suits tailored variabl e

Fitting Small to 5xl

Three piece suits

tailored variabl e

Fitting Small to 5xl

Mixed suits tailored variabl e

Fitting Small to 5xl

Office women’s wear

dresses tailored variabl e

Fitting, circular, A line

Small to 5xl

skirt tailored variabl e

Fitting, circular, A line

Small to 5xl

shirts tailored variabl e

Fitting circular, A line

Small to 5xl

trousers tailored variabl e

Fitting, straight Small to 5xl

Classy Men’s wear

trousers Khaki, jeans variabl e

fit Small to 5xl

Casual shirts Cotton Variabl e

fitting Small to 5xl

Sweaters Cotton, woolen

variabl e

fitting Small to 5xl

Classy women’s wear

dresses Tailored Variabl e

Body con, free fit Small to 5xl

Statement t- shirts

tailored variabl e

Fitting, free fit Small to 5xl

trousers Jeans variabl e

Skinny stretchy Small to 5xl

MERCHANDISE ASSORTMENT PLAN ! 4

Table 2: Merchandise allocation

Coats Men coats tailored variabl

e Detailed, leather Small to 5xl

Women coats tailored variabl e

Faux fur, cotton Small to 5xl

Kids wear Boys clothing tailored variabl

e Small to 5xl

Girls’ clothing tailored variabl e

Small to 5xl

Merchant Category Merchant assortment Number of units total

Office Men’s wear Shirts 1000 2,500

Trousers 800

Two piece suits 200

Three piece suits 300

Mixed suits 200

Office women’s wear dresses 900 2,500

Skirt 600

Shirts 500

trousers 500

Classy Men’s wear trousers 1000 2500

Casual shirts 1000

Sweaters 500

Classy women’s wear Dresses 900 2,500

Statement t-shirts 600

trousers 1000

Coats Men coats 1250 2,500

Women coats 1250

Kids wear Boys trendy pants 800 2,500

Girls’ dresses 1000

Boys shirts, sweaters 200

Girls coats and sweaters

500

MERCHANDISE ASSORTMENT PLAN ! 5

Table 3: Monthly Allocation

Merchant category

Month

Office Men’s wear

August Septem ber

Octobe r

Novemb er

Decemb er

Januar y

total

Units on floor

400 400 300 100 100 400 2,500

Units in stock

300 100 100 100 100 100

Office women’s

wear

Units on floor

400 400 300 100 100 400 2,500

Units in stock

300 100 100 100 100 100

Classy Men’s wear

Units on floor

100 200 200 300 600 200 2,500

Units in stock

100 50 50 100 400 200

Classy women’s

wear

Units on floor

100 200 200 300 600 200 2,500

Units in stock

100 50 50 100 400 100

Coats Units on floor

100 100 100 200 500 400 2,500

Units in stock

200 100 100 100 300 300

Kids wear Units on floor

100 100 100 400 700 100 2,500

MERCHANDISE ASSORTMENT PLAN ! 6

References

Bahng, Y., Kincade, D. H., & Rogers, F. T. (2018). Assortment Planning for Retail Buying, Retail

Store Operations, and Firm Performance. The Journal of Distribution Science, 16(8),

15-27.

Yu, H., Sedlezky, S., Wong, K., Hernandez, T., Larsen, P., & Stephenson, G. (2018).

Merchandising, Inventory and Logistics. Pop-up Retail Strategies in an Omnichannel

Context.

Units in stock

100 100 100 200 400 100