Abstract
The purpose of this report is to determine whether it would be feasible for the Style Shop to add a computerized register to the store.
The Merchandising Society is the largest club on F.I.T.’s campus. It provides the opportunity for its members to enhance their college experience at the Fashion Institute of Technology. Its members are dedicated to gaining exposure to the fashion industry first-hand through running a business, visiting companies worldwide, and volunteering services to the community.
The club is responsible for operating a successful on-campus boutique, the Style Shop. The store offers the unique opportunity for FIT students, faculty and alumni to sell their original creations on a consignment basis. This not only allows students to earn recognition and profit, it enables Merchandising Society members to gain experience in buying, product development, marketing, finance, customer relations, management, visual merchandising, and website development. The Style Shop offers students the chance to develop a sharper awareness of group dynamics, build professional relationships, and actively participate in our college education.
Currently the store uses a non-computerized register. There is no computerized inventory or bar codes used. Everything is done by hand. The addition of a computer would not only help keep track of all purchases by time, it would allow for the finance team to plan sales and monitor loss. The Style Shop uses a budget handed out by FITSA to fund purchases and stock for the store. This budget would be used to purchase a computer. It is highly feasible that the Style Shop purchases a computer and a register program.
Introduction
Purpose
The purpose of this report is to determine the feasibility of adding a computerized register to the Style Shop team.
Problem
During the 2001/02 school year the Merchandising Society has over 180 active members. The store currently has no regulated computerized system. Inventory and tickets are all manually printed. By adding a computer to the store, inventory and sales could be more easily monitored. The computer would also serve as a ticket printer and finance station.
Scope
The addition of a computerized register would make the flow of goods in and out of the Style Shop easier. By adding a computer to the store each Merchandising Society member would h...
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...h day. They will also be in charge of closing all curtains at night so that passers-by cannot see the computer in an empty store.
Summer/Winter
When the Style Shop is not in operation the computer will be disconnected and stored in the Style Shop closet on the 7th Floor of the A-Building. This closet is only accessible to Style Shop Managers.
Conclusion
The Style Shop is a growing student run boutique on F.I.T.’s campus. Each semester the store’s sales increase. The store needs a better way to track sales and inventory. By purchasing a computer Managers would be able to effectively track sales, inventory, and expenses. The total cost for the computer and register system is just under $2000.00. The money to purchase the computer/register would come out of the Style Shop budget given to the store by F.I.T.S.A.
Recommendations
The Style Shop is an expanding establishment at the Fashion Institute of Technology. The addition of a computerized register would increase productivity within the store. It is recommended that the Style Shop use their budget and purchase a computer and a point of sale
Regarding Ross Stores Inc.’s first issue, this organization needs to develop an electronic system to store their entire inventory. The inventory should be sorted by how much of a certain product each store has and which store has what item and by the category of each product. By having an electronic system for inventory in place, this will then reduce time for employees when giving information to customers on whether or not they have a certain product because they will not have to go physically to view the product. Not only will this create better customer satisfaction but it will also increase
The Target Corporation prides itself on their department store roots with a constant obligation to great prices and stylish originality. The main focus of every Target store is the customer, whom the corporation refers to as a "guest", making them feel more personal. Each guest can expect to walk into a clean, organized, and easy to navigate store with "high quality, stylishly designed items plus all the essentials for his or her life".1 The company also has a significant focus on design. The company employs a "design for all" strategy that says great design is for everyone to enjoy, everyday. The product designers know how to create products you will "love to live with and low prices you can't live without".1 The commitment to design has become a key technique of attracting and keeping their shoppers coming back.
‘’ASOS is a global online fashion and beauty retailer and offers over 50,000 branded and own label product lines across womenswear, menswear, footwear, accessories, jewellery and beauty with approximately 1,500 new product lines being introduced each week.’’ (ASOSPLC.com) ASOS is faced with external macro environmental factors which affect both their ability to differentiate themselves from their competitors and affects their overall success. ASOS states they’re ‘’creating a unique multi-channel shopping experience where twenty-something fashion lovers can network, share ideas, create their own style and of course, shop.’’ (ASOSPLC.com) Bearing this target audience in mind ‘’about 74% of the population aged 16 to 24 are employed.’’
The business model that sets Zara apart from other clothing retailers is how rapidly the company changes stocks and releases new product lineups. The company averages 12-16 collections annually which equates to more than one lineup a month. Due to stock being limited and the rapid production Zara brings forth, their items are viewed as exclusive promoting further business. Their customers are happy knowing that their specific article of clothing is more “rare” due to only having an average of a two-week window to purchase the clothing. The company specifically targets current trends and has them in the store within 30 days. This maintains the brand’s uniqueness and relativity in fashion.
...hough technology has advantages and disadvantages within the fashion industry it is obvious in this day and age that the technology that we have plays a vital function in the work force of this industry. As mentioned, the three main sectors Haute Couture, Ready to Wear and High Street have contributed to the development of fast fashion in different ways due to their various traits.
Fast Fashion may be the most significant disruptive in the retail industry today. Troublesome novelties, or product or services, that alter an prevailing market by presenting minimalism, suitability, convenience and affordability, have the most positive influence on a company. Because fashion is ever changing and technology is always evolving the amount of production time it takes for something to be manufactured
The Family structure has changed significantly in the last fifty years. With higher percentages of marriage ending in divorce, and higher rates of childbearing out of wedlock, single parent families are increasing rapidly. “Seventy percent of all the children will spend all or part of their lives in a single-parent household.” (Dowd) Studies have shown that the children of these families are affected dramatically, both negatively and positively. Women head the majority of single- parent families and as a result, children experience many social problems from growing up without a father. Some of these problems include lack of financial support, and various emotional problems by not having a father around, which may contribute to problems later in life. At the same time, children of single-parent homes become more independent because they learn to take care of themselves, and rely on others to do things for them.
... a process of internalized oppression and multigenerational transmission in African American families. The Family Journal: Counseling and Therapy for Couples and Families, 12, 230 –242.
A single parent household is a house with only one parent and one or multiple children. Single parent households are becoming very common in all racial and ethnic groups because it is no longer required for people to be married before they have children. Most households only have one parent because of divorce, never being married, separated, widowed, or because of business. The most common are, separation, divorce and just simply never being married. In these cases it is usually the mother who is the single parent. It is not too often that you see a father taking care of their child by themselves. This is usually because they do not know how, or they simply do not want to take care of their child. Statistics show that family structure has a big impact on certain characteristics of a child such as their attitude and level of respect. Children tend to be less respectful to people because they do not respect the parent who is not around. In many cases a child may become depressed living with only one parent causing them to get out of control and do things that they shouldn’t. Sometimes the child may feel like they are incomplete leaving them to do crazy things to find what they feel like they are missing. often times the child feels that they are the reason their parents are not together.
It has been said, children from two-parent families are better off. The setting is also a factor to take into consideration. The increase in single- parent homes has had an extensive and negative effect on children’s development. 50% of marriages end in divorce. We have young people with young minds having children, they can hardly take care of themselves at the age of 21, yet they have decided to bring four children into this world to be raised by one parent. In some communities, majority of the children are being raised by a single parent. Statistics have shown that children raised in a healthy single parent home have more problems emotionally, psychologically, in school, and with the law than those raised in healthy two-parent homes. No matter how good a single parent is, that a single parent can NEVER do for the child how two present, committed, parent partners share and work together; communicate together and solve problems together as equals.
In advertising its products, the IKEA catalogs played a primary role as they were attractive and easy to use. The efficiency of IKEA products and quality of design were emphasized in the catalogs. Every household in the area surrounding a new store received a copy of the catalog during the busy years of expansion. Although direct mail-order sales usually represented a very small portion of the total sales. The whole IKEA range was not offered by the catalogs. To attract new customers to the stores, they were always a key factor. Throughout the world, IKEA continued to open stores in different locations and attracted various customers. It was interesting to look at a company offering the same basic products at all stores and do well in many different cultures with different tastes. Lastly, the IKEA’s current number of employees in retail and expansion functions is 116,500 as of 2015. Thus, the total sum of employee worldwide in 2015 was 155, 000. Literally, the rate of employee would be increased in terms of business development in the future. (Brammer, Jackson, and Matten,
From the moment I starting my educational path I knew four years wouldn’t be enough to fill me with all the dimensions of the fashion industry. This led me to make my decision to apply for the M.S. Global Fashion Enterprise degree. When asked how this program at Philadelphia University would benefit me, I will begin by giving a background on my previous education. I started my undergraduate degree at Buffalo State College in upstate New York pursuing a Bachelor degree in Fashion Merchandising. After being in the program for a year I was confident in knowing I needed a change. My journey changed drastically when I moved down to sunny Fort Lauderdale, Florida where I transferred to the Art Institute under the same major. I will be graduating with a Bachelor of Science Degree in Fashion Merchandising come this June 2014. My experience at the Art Institute of Fort Lauderdale has uncovered my love of education and research.
The act of consumption has been the primary means through which individuals in society participate and transform culture. Culture is not something already made which we consume; culture is what society creates through practices of everyday life and consumption involves the making of culture. When attempting to understand certain acts of consumption it is necessary to observe the relations involved in production and consumption. Through technological innovation, the fashion industry has been expanded to play a prominent role in consumers’ purchasing decisions and styles are becoming less difficult to obtain. With the expansion of department stores and shopping being viewed as a leisurely activity, this has continued to transform the act of fashion consumerism. The functional interests feature a rational attachment to clothing items. Symbolic benefits involve status and prestige to fulfill the achievement for positive self-esteem. Further benefits include a provided experience for the individual consumer and the created use of imagery and desire used to enrich one’s life.
The advancements in the technological world have allowed supermarket chains and other national stores to quickly dominate the market and are driving out the concept of the ‘local stores’. This surge in the market has seen shares rise and profits bulge with the three main contenders in mind being Sainsburys, Safeways and Tescos who now serve the whole of the UK between them and are the household names of the shopping world. The ICT input to these businesses is vital in that it provides speedy service; controls stock levels and will even allow bank balance transfers to be carried out with minimal difficulty or technical experience.
Computer technology has had a significant impact on retail stores. All but the smallest shops have replaced the old-fashioned cash register with a terminal linked to a computer system. The terminal may require that the clerk type in the code for the item; but more and more frequently the checkout counter include a bar-code scanner, a device that directly reads into the computer the UPC printed on each package.