Page 53 - DMGT554_RETAIL_BUYING

Retail Buying Pavitar Parkash Singh, Lovely Professional University

Notes Unit 4: Buying for Off-price Retail Operations

CONTENTS
Objectives
Introduction

4.1 Off-price: Fact or Fiction?
4.2 Making the Purchase
4.2.1 Timing

4.2.2 Assortment
4.2.3 Special Handling
4.2.4 Label Removal
4.2.5 Transportation
4.2.6 Terms of Payment

4.3 Pricing “Off-price”
4.4 Indirect Purchasing
4.5 Concessions to Vendors

4.5.1 Location of the Retail Outlets
4.5.2 Promotional Considerations
4.5.3 Unconditional Purchasing
4.6 Traditionalists as Off-price Purchasers
4.7 Internet and Off-price

4.8 Suppliers of Off-price Goods
4.9 Summary
4.10 Keywords

4.11 Review Questions
4.12 Further Readings

Objectives

After studying this unit, you will be able to:
 Discuss the term "Off-price"

 Explain the concept of making purchase
 Describe the concept of pricing "Off-price"
 Discuss Indirect Purchasing

 Identify the suppliers of "Off-price" goods

48 LOVELY PROFESSIONAL UNIVERSITY